Serbia real estate market — prices, rental yield and trend

• Average price: $2,855 / m²
• Gross rental yield: 4.17%
• 12-month price change (USD): 1.46%
• Net rental yield: 3.54%
• Transaction cost: 8.8%
• Price basis: national average

Residential property in Serbia averages $2,855 per square metre. In dollar terms the market has barely moved over the last twelve months (+1.5%). That makes it the 161st most expensive of the 236 markets in the set.

What a buyer pays in Serbia

The $2,855 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 8.8% of the price here. On a 100 m² apartment at the average price that is roughly $25,126 on top of the $285,523 purchase price. 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

A square metre lets for about $9.9 a month. Against a purchase price of $2,855 per square metre that is 4.2% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 203rd of 269 markets by gross yield. Rental income is taxed at 15%, which takes the yield down to 3.5% net. The 0.6-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 Serbia is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: Numbeo Serbia · numbeo.com · biznis.rs · taxsummaries.pwc.com · globalpropertyguide.com. Snapshot: 2026-10-17.