Belgrade real estate market — prices, rental yield and trend

• Gross rental yield: 6%
• 12-month price change (USD): 1.85%
• Net rental yield: 5.1%
• Transaction cost: 8.8%
• Price basis: local-market average

Belgrade is one of the 271 property markets Glopra tracks.

What a buyer pays in Belgrade

Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 8.8% of the price here. That is below the 10.3% median across the set, which shortens the time it takes for a purchase to break even.

What it earns

The typical home here lets for about $1,121 a month against a purchase price of $224,160, which is 6% gross before tax. Neither figure is quoted per square metre in this market, but both come from the same source, so the ratio between them holds. It ranks 79th of 269 markets by gross yield. Rental income is taxed at 15%, which takes the yield down to 5.1% net. The 0.9-point difference between the gross and net figure is the part most listing sites leave out.

How the tax works. 15% of gross rent: a flat 20% rate (PwC Tax Summaries Serbia) applied after the statutory 25% standardised expense deduction (Global Property Guide Serbia); documented actual expenses may be claimed instead. Sources: taxsummaries.pwc.com/serbia; globalpropertyguide.com/europe/serbia/taxes-and-costs.

How this figure is built

The price figure for Belgrade is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Belgrade be compared with a country average or another city.

Sources: Global Property Guide Serbia rental yields (Belgrade all locations, 2-bedroom, Aug 2026) · globalpropertyguide.com · biznis.rs. Snapshot: 2026-10-17.