Last Updated: Mar. 29, 2014
NOVI BEOGRAD - Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
	TO BUY	MONTHLY RENT		TO BUY	MONTHLY RENT
35 sq. m.	53,585	261	5.84%	1,531	7.45
60 sq. m.	84,300	391	5.56%	1,405	6.51
80 sq. m.	108,080	496	5.51%	1,351	6.20
120 sq. m.	181,800	908	6.00%	1,515	7.57
SAVSKI VENAC - Apartments
40 sq. m.	63,280	325	6.16%	1,582	8.12
75 sq. m.	125,775	598	5.70%	1,677	7.97
120 sq. m.	246,000	1,073	5.23%	2,050	8.94
STARI GRAD - Apartments
35 sq. m.	66,570	287	5.17%	1,902	8.20
60 sq. m.	102,060	460	5.40%	1,701	7.66
80 sq. m.	132,880	566	5.11%	1,661	7.07
120 sq. m.	242,040	905	4.49%	2,017	7.54
VRACAR - Apartments
35 sq. m.	63,980	283	5.31%	1,828	8.09
60 sq. m.	104,940	446	5.10%	1,749	7.44
80 sq. m.	143,920	509	4.24%	1,799	6.36
120 sq. m.	255,360	894	4.20%	2,128	7.45
ZVEZDARA & VOZODOVAC - Apartments
35 sq. m.	47,355	244	6.19%	1,353	6.98
55 sq. m.	72,105	284	4.73%	1,311	5.17
75 sq. m.	102,150	392	4.60%	1,362	5.22
120 sq. m.	179,160	677	4.53%	1,493	5.64
Districts researched: Novi Beograd: NBGD - Arena, NBGD - Fontana, NBGD - opština, NBGD - Sava centar, NBGD - Fontana, Hotel Jugoslavija Savski Venac: Dedinje, Senjak, Beli dvor - RTV Pink, Banjički venac, Savski trg - Pristanište, Klinički centar, Banjički venac Stari Grad: Centar, Dorcol, Kalemegdan, Terazije, Tasmadjan Vracar: Vračar - Kalenić pijaca, Vračar - Hram, Slavija Zvezdara & Vozdovac: Dušanovac, Lekino brdo, Lion, Đeram pijaca, Denkova bašta, Vukov Spomenik Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Property prices in Belgrade have continued their downward momentum, which we noted last year. Square metre prices of apartments in Belgrade, particularly smaller apartments, have continued to fall, except in the lowest-cost areas we surveyed, Vozdovac and Zvezdara. Rents have also fallen throughout Belgrade.

Rental yields of apartments have fallen somewhat, except in the most expensive district (Savski Venac), where yields have improved. This district, and Novi Beograd, now have the best yields in Belgrade (rental yields are a measure of the rent obtained by letting the property, divided by the current cost of buying the property).

Square metre prices in the prime area of Savski Venad range from €1,582 to €2,050 - compare this with three years ago, when they ranged from €2,067 to €2,612. So there has been a significant fall. Average rental yields are moderately good, at from 5.20 6.20%.

Square metre prices in New Belgrade range from €1,351 to €1,531 - compare this again to two years ago, when square metre prices here ranged from €1,735 to €2,022. Average rental yields are also moderately good here, at around 5.80%.

The cheapest apartments remain those in Vozdovac and Zvezdara, with average square metre prices of €1,320. The values of these apartments have fallen compared to two years ago. Yields here are moderate, with an average yield of around 5.00%

Round trip transaction costs when buying residential property are moderate to low in Serbia. Residential property transaction costs analysis in Serbia and Residential property transaction costs in Serbia, compared to the rest of Europe.