A common misconception is that buying real estate in Serbia automatically leads to citizenship. In reality, purchasing a property is only the first necessary step to begin a long legalization process. Owning real estate grants the right to obtain a temporary residence permit (TRP), but not a passport.
Choosing a new place to live is no easy task, especially when it involves moving to another country. To determine which city in Serbia will be the best for you, it's essential to compare the key centers based on objective parameters. This will help you understand which one matches your expectations and lifestyle.
Subotica's strategic location is one of its main advantages. The city is just 10 kilometers from the Hungarian border, and therefore, from the European Union. This opens up wide opportunities for travel and business, making life in Subotica particularly convenient for those who frequently visit EU countries.
In the north of Serbia, one of the most ambitious infrastructure projects in the country's modern history is unfolding—the construction of the Belgrade-Budapest high-speed railway line. This line, being built with advanced Chinese technologies, will become a key transport artery connecting the capitals of Serbia and Hungary.
In Serbia, a notary is not just a formal witness but a key figure ensuring the legality of a real estate transaction. Since 2014, all purchase and sale agreements must be certified by a notary. The notary bears full legal and financial responsibility for the 'cleanness' of the documents they verify.
The process of buying real estate in Serbia begins with finding a suitable property. There are two main ways to do this: searching independently on specialized websites or contacting a real estate agency. Each has its own specifics.
The acquisition of resale property in Serbia is subject to a one-time absolute rights transfer tax (Porez na prenos apsolutnih prava). The rate of this tax is fixed at 2.5% of the property's value.
To ensure an objective comparison of real estate prices in Russia and Serbia, it's crucial to compare cities of similar status and size. We won't compare a metropolis to a village; instead, we'll analyze three pairs: the capitals, the second-largest cities, and major regional centers.