Features of the real estate market of Serbia
The countries of Eastern Europe traditionally attract the attention of Russians – not far, languages that are understandable and uncomplicated, a significant trace of Russian emigration and unconditional love for Russians – perhaps Serbia is a leader in these qualities. It is not surprising that so many of our compatriots acquire real estate and often move permanently to this country.
Buy real estate in Serbia
A lot of Russians settled in Serbia immediately after the 1917 revolution – King Alexander Karageorgievich hospitably opened the doors of his kingdom to white emigration, remembering the intercession of the Serbs by Emperor Nicholas II during the First World War. Russian emigration restored the country almost completely destroyed after the war – our prominent architects, doctors, lawyers, professors and many others moved to Serbia. It was King Alexander in the center of Belgrade that made an unprecedented fact in the history of Russian real estate – he donated considerable land in the heart of the Serbian capital, where the first foreign representative office of Russian culture was later built, then the embassy was built and several years ago it was erected monument to Nicholas II.
Besides the fact that our compatriots here always meet with great love, settling in Serbia is quite simple. Even if a “borawak” (temporary or permanent residence permit) has not yet been received, then all citizens of Russia can cross the country’s border every 30 days (the nearest one is just a couple of hours drive from Belgrade on the road to Bosnia and Herzegovina), thereby resetting their stay in the country. Many live like this for years and do not feel much discomfort, but it is certainly calmer to permanently reside in Serbia on official grounds. Residence permits on the basis of real estate ownership are given quite easily for a period of six months to 1 year, then an extension is made.
Top 3 Serbia
The largest cities in Serbia are the capital city of Belgrade, Novi Sad and Nis. As in many countries, the majority of the population seeks to conquer the capital, whose population, together with the suburbs, has about 1.5 million inhabitants. Belgrade is located on both sides of the confluence of two rivers – the Danube and the Sava. The historical center is located quite compactly, thanks to the active participation of Russian architects (for example, Nikolai Krasnov, who built the Livadia Palace and other masterpieces) in the reconstruction of the city after the First World War, architecture fans of central St. Petersburg will find objects that are pleasing to the eye. On the street of Prince Mikhail (an analogue of Moscow Arbat), the picturesque street of Krunsk (the concentration of embassies of all countries of the world) in the very center of the old part of Belgrade, you can buy a medium-sized apartment for 100,000-200,000 euros.
But more often elite real estate is more popular among Russians and representatives of other CIS countries – more budgetary real estate – although it is removed from the city center, however, due to the small size of the Serbian capital, it is almost possible to get the heart of the city from everywhere in half an hour. In such places, an apartment of 70-80 square meters costs about 70,000 euros, but if you look more persistently, then it is quite possible to find options for 50,000 euros.
Recently, the historical coastal region of Belgrade Sava-Mala, which is currently being transformed into the Belgrade on the Water project, is gaining more and more popularity. It is funded by businessmen from the UAE and Saudi Arabia, which involves the construction of residential complexes in the style of Moscow City, where 4-room apartments exceed the cost of 500,000 euros.
Novi Sad is not only the capital of the autonomous Serbian province of Vojvodina, but also the country’s cultural center. Local architecture and cuisine carries an Austro-Hungarian heritage. Here is a popular university, where students from all over the country come to study, also in various Novi Sad various festivals, exhibitions and much more are held – therefore this city is an unambiguous youth center of the country. Moreover, from here in just one hour by car you can reach both Belgrade and Hungary. In this city, it is quite possible to find a good apartment for 50,000 euros. It is also very popular to buy houses in the vicinity of Novi Sad near the Frushka Gora Nature Reserve, famous for its many monasteries and vineyards. The cost of houses usually starts from 100,000 euros.
Niche is known (or even more appropriate to say that it is unknown) as a city that was previously part of the Roman Empire, where Constantine the Great was born. Today, this city in southern Serbia also attracts a significant number of Serbian youth (a popular university is also located here). At the same time, the private sector takes a rather significant place here. A small apartment of 30-40 square meters in Nis can be purchased for 25,000 – 30,000 euros.