Serbia property investment guide
Prices, price growth and rental yields, region by region
Home prices in Serbia rose 9.9% a year on average from 2016 to 2025, the 4th fastest of 35 European countries. Renting out on 12-month lets earned a gross yield of 5.9% of the price a year, falling from 7.3% in 2016 to 5.6% in 2025 as prices outpaced rents. A square metre cost €2,121 in 2025.
Updated 2026-10-28 · Data 2015–2026 so far
Regions of Serbia
| City of Belgrade | +9.9% | 5.9%* | €3,100 | – |
|---|---|---|---|---|
| Autonomous Province of Vojvodina | +8.2% | 5.9%* | €1,644 | 7 |
| Region Južne i Istočne Srbije | +7.0% | 5.9%* | €1,317 | 9 |
| Region Šumadije i Zapadne Srbije | +6.9% | 5.9%* | €1,445 | 8 |
Price growth: 2016–2025, compound average per year, in the country's own currency, before inflation. Rental yields: 12-month lets, gross. Price per m²: latest year, from the best published source for each area. * Figure of the larger area: no local data. – no data.
All 28 areas in Serbia
Each with its own prices, growth and yields
Price growth by year
% change on the year before
How Serbia compares
Median of 35 countries with a price index, 2016–2025.
Questions
What is the average property price per m² in Serbia?
€2,121 per m² in 2025, from Statistical Office of the Republic of Serbia (RZS); Republic Geodetic Authority (RGZ). It ranges from €1,317 in Region Južne i Istočne Srbije to €3,100 in City of Belgrade.
How much have property prices risen in Serbia?
+9.9% a year on average from 2016 to 2025, and +5.4% in 2026 so far.
What rental yield can you get in Serbia?
5.9% of the price a year on average for 12-month lets in 2016–2025, and 5.6% in 2025. These are gross figures, before costs, fees, empty months and tax.
Which region of Serbia had the highest price growth?
City of Belgrade, at +9.9% a year from 2016 to 2025, ahead of Autonomous Province of Vojvodina at +8.2%.
Sources
- Bank for International Settlements: Selected residential property prices (WS_SPP)
- Various (see note per row): Industry research (Global Property Guide and others)
- Statistical Office of the Republic of Serbia (RZS); Republic Geodetic Authority (RGZ): Average price of dwellings in new construction (Serbia)
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