Residence permit in Serbia through the purchase of real estate

Serbia is a real find for those who are looking for a new place to live. This country combines picturesque landscapes, rich culture and quite low living costs compared to other European countries. For many foreigners, buying real estate in Serbia is becoming one of the most popular ways to obtain a residence permit. If you are thinking about moving to this amazing country, this article is for you!

Why does Serbia attract foreigners?

Serbia is a country where everyone will find something for themselves. First of all, it is worth noting the favorable climate. Summer days are warm and sunny, while winters, although cold, are not too harsh. Imagine: you are sitting on the terrace of your new home, enjoying a cup of coffee and admiring the green hills that surround you. Sounds beautiful, doesn't it?

Another significant plus is the low cost of living. Compared to Western Europe, here you can save a lot on housing, food and entertainment. For example, renting an apartment in the center of Belgrade will cost you an average of 300-500 euros per month, which is much lower than in the capitals of many other European countries. And if you decide to buy an apartment, prices start from 1,200 euros per square meter. This is a great investment opportunity!

Serbia is also famous for its simplicity in obtaining a residence permit. The country's laws are favorable to foreigners, and the process of obtaining a residence permit is not that complicated. You won't have to go through endless bureaucratic procedures like in some other countries. Just buy a property and you are one step closer to your dream of living in Europe.

In addition, medical and educational services in Serbia are at a high level. Local hospitals and clinics offer quality services at affordable prices, while schools and universities provide education that is valued not only in the country, but also abroad. This is especially important for those who are planning to move with their families.

Main advantages of obtaining a residence permit through the purchase of real estate

Buying real estate in Serbia is not only a profitable investment, but also a great way to get a residence permit (VNZh). Let's look at the main advantages of this process.

1. Simplicity of bureaucratic procedures

One of the main advantages is the absence of complicated bureaucratic procedures. You will not have to face a lot of formalities as in other countries. All that is required is to choose a suitable property and formalize the transaction. This makes the process easier and allows you to focus on preparing for your new life.

2. registration of residence permit for the whole family

Another significant advantage is the possibility to apply for a residence permit for the whole family. This means that your spouse and children can enjoy all the benefits of life in Serbia. You can imagine your family exploring new places, tasting the local cuisine and getting to know the rich culture of this country. This not only strengthens family bonds, but also opens up new horizons for all family members.

3. low threshold of minimum real estate value

Unlike many other countries where housing prices can be astronomical, in Serbia you can start with more affordable options. The low minimum property value threshold for obtaining a residence permit makes the process accessible to more people who want to change their lives for the better. This opens up many opportunities to invest and create a new home.

4. Ease of renewal of residence permit

Once you have received your residence permit, you will not face any difficulties in renewing it. The process of renewing your residence permit in Serbia is quite simple and does not require much effort. Moreover, if you plan to stay in the country for a long time, you will have the opportunity to obtain a permanent residence permit (PML), which will further strengthen your position in Serbia.

5. Freedom of movement in the Balkan region

Don't forget about such a nice bonus as freedom of movement in the Balkan region and no visas for traveling to EU countries. This means that you can easily travel to neighboring countries, explore new horizons and enjoy all the delights of life in Europe.

Now that we have discussed the main benefits of living in Serbia and obtaining a residence permit through the purchase of real estate, let's move on to the process of obtaining this coveted residence permit.

The process of obtaining residence permit in Serbia through the purchase of real estate

Now let's understand how exactly to get a residence permit in Serbia, if you decide to take a step towards a new life through the purchase of real estate. The process may seem complicated at first glance, but it is actually quite simple if you follow clear steps.

Step 1: Selecting and buying a property

The first step is, of course, choosing a property. Serbia offers a wide range of choices: from modern apartments in the center of Belgrade to cozy houses in picturesque villages. If you are looking for an apartment in Belgrade, pay attention to neighborhoods like Vračar or Savski Venac - they are popular among foreigners and have developed infrastructure.

Once you have decided on a property, you will need to sign a sales contract. It is recommended that you work with a reliable realtor who will help you with the paperwork and title verification.

Step 2: Gathering the necessary documents

Once the transaction is finalized, you will need to gather a package of documents to apply for a residence permit. You will need:

• Real Estate Purchase Agreement.
• Foreign passport and its copies.
• Evidence of financial resources (e.g., bank statements).
• Health insurance valid in Serbia.
• Proof of no criminal record (usually a certificate from your country).

These documents will help prove your legality and financial solvency in the country.

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Step 3: Preparing and submitting a residence permit application

When all the documents are ready, you can apply for a residence permit. This can be done at the local police station or at the migration service. The application process usually does not take long, but you should be prepared that additional documents or clarifications may be needed.

Step 4: Timeframe for processing and obtaining a residence permit

After you submit your application, you will need to wait a little while. The review process usually takes a few weeks to a few months. Be patient! Once your application has been approved, you will receive a temporary residence permit that will be valid for one year.

It is important to note that you will need to extend your residence permit in the future, but as mentioned earlier, this is quite simple and does not require complicated procedures.

What types of real estate are eligible for a residence permit?

Now that you know how to get a residence permit, let's discuss what types of properties are suitable for this process. In fact, the choice is very wide and you can find something suitable for you.

Apartments in cities

Apartments in large cities such as Belgrade and Novi Sad are the most popular choice among foreign buyers. This is due to the developed infrastructure, accessibility to stores, restaurants and cultural events. You can choose both new and secondary apartments, depending on your budget and preferences.

Private houses in suburbs and rural areas

If you are looking for tranquility and nature, consider buying a private home in the suburbs or in picturesque villages. Here you can enjoy peace and privacy, as well as more affordable housing prices. For example, you can find great deals in the areas around Novi Sad or in the south of Serbia.

Commercial real estate

Another interesting option is to buy commercial real estate. If you have business ideas or want to invest in rental property, this can be a great solution. Commercial real estate in Serbia also has a low entry threshold and you will be able to generate a steady income from tenants.

Now that we have discussed what types of properties are suitable for a residence permit, let's move on to the cost of real estate in Serbia and the associated costs.

How much is real estate in Serbia?

When it comes to buying real estate in Serbia, prices vary depending on the region, type of housing and its condition. Let's understand how much real estate costs in popular areas of the country.

Overview of apartment and house prices in popular regions

In Belgrade, the capital of Serbia, apartment prices can range from 1,500 to 3,000 euros per square meter depending on the area. For example, in the city center, such as Old Belgrade or Vračar, you may face higher prices, while in outlying areas, such as Lazarevac or Rakovica, prices may be significantly lower.

If you are considering Novi Sad, apartment prices here start at around 1,200 euros per square meter. This city is known for its atmosphere and cultural events, including the famous EXIT festival.

As for private houses, in the suburbs of Belgrade or in the countryside you can find options from 50,000 to 100,000 euros, depending on the size and condition of the property. This is a great alternative for those looking for privacy and nature.

Cost of owning real estate

It is also important to consider the cost of owning real estate. In Serbia, you will have to pay property taxes, which are about 0.4% of the cadastral value. Also, don't forget about utility bills, which can vary depending on the size of your apartment or house. They are usually between 50 and 100 euros per month.

You should also consider the costs of maintaining the property. If you plan to rent out your apartment, you may need the help of a property management company, which will also require additional investment.

What costs to consider when buying

When buying real estate in Serbia, there are a few additional costs to consider. First, it is notary services and registration of the transaction, which is about 1-2% of the value of the real estate. You will also need to have the property appraised, which can cost 100-200 euros.

Do not forget about legal services. Hiring a good lawyer to help you with the paperwork and title checks can cost between €300 and €1,000, depending on the complexity of the transaction.

Now that we have discussed real estate prices and related costs, let's move on to the important nuances and legal aspects when buying real estate in Serbia. This will help you avoid possible pitfalls and make the process smoother.

Important nuances and legal aspects when buying real estate

Buying real estate in Serbia is not only a profitable investment, but also a serious step that requires care and awareness. Let's take a look at a few important nuances and legal aspects that will help you avoid mistakes and make the buying process as comfortable as possible.

As for a lawyer, choose one who specializes in real estate and has experience working with foreigners. A good lawyer will be able to guide you through all stages of the transaction, from checking the documents to finalizing the purchase and sale.

What are the prospects for residence permit in Serbia?

Obtaining a residence permit in Serbia through the purchase of real estate opens up many opportunities for you. Let's take a look at what exactly you can expect from living in this country with a residence permit.

Possibility of obtaining permanent residence (permanent residence) and citizenship

After obtaining a temporary residence permit in Serbia, you will have the opportunity to apply for permanent residence (Permanent Residence) after a few years. This is a great way to strengthen your position in the country and get additional rights. In addition, after a certain period of residence in Serbia, you will be able to apply for citizenship, which will open up new horizons for you.

Legal status to work and do business in Serbia

With a residence permit you will have legal status to work in Serbia. This means that you can not only enjoy life in this country, but also build a career or run a business. Serbia offers favorable conditions for entrepreneurs, and many foreigners have already made successful investments in various fields, from restaurants to technology.

Access to education and health care on an equal footing with nationals

With a residence permit, you and your family will have access to quality education and medical services. You will be able to enroll your children in local schools or universities that offer programs in Serbian and English. In addition, the medical system in Serbia provides a high level of care and you will be able to utilize the services of public and private clinics.

Conclusion

Buying real estate in Serbia is not only a profitable financial investment, but also a great way to get a residence permit in a country with a rich culture and beautiful climate. Serbia offers many opportunities for living, working and business development, and many foreigners have already found their new home here.

If you are ready to take a step towards a new life, start by choosing reliable partners for the paperwork and searching for suitable real estate. Do not hesitate to seek assistance from experienced realtors and lawyers who will help you make this process as comfortable and safe as possible.

If you still have questions or want to learn more about the process of obtaining a residence permit in Serbia through the purchase of real estate, contact us. We will be happy to assist you in choosing a property.