Gross rental yields in Serbia: Belgrade and Novi Sad

Average residential gross rental yield in Serbia stands at 7.04% (Q1, 2025).

Cities compared
  • Belgrade
  • Novi Sad
Historical rental yields in Serbia:

View the full rental yield dataset (2025 - Present)

 

Last Updated: Jan. 03, 2025
Next Update: July, 2025

BELGRADE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Belgrade (all locations)  
Studio €56,350 €500 10.65%
1-Bedroom €119,000 €800 8.07%
2-Bedroom €169,000 €1,000 7.10%
3+Bedroom €250,000 €1,500 7.20%
Belgrade avg. Rental Yields 8.25%
NOVI SAD - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Novi Sad (all locations)  
Studio €63,450 €310 5.86%
1-Bedroom €94,750 €490 6.21%
2-Bedroom €133,385 €600 5.40%
3+Bedroom €184,660 €900 5.85%
Novi Sad avg. Rental Yields 5.82%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and KupujemProdajem

Research Methodology:

Our rental yield analysis is conducted biannually to ensure up-to-date insights into Serbia’s property market. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in Serbia, comparing median rental prices with median purchase prices to determine gross rental yields.

We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:

(Median Monthly Rent × 12) ÷ Median Purchase Price × 100

For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:

(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield

Note: NET yields vary from country to country, but are usually 1.5-2% lower.

 

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