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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.
The launch of the 'Soko' high-speed train has drastically changed Serbia's transportation map, turning Subotica into a de facto suburb of the capital. The travel time to Belgrade has been reduced to 1 hour and 15 minutes, making daily commutes not only possible but also comfortable.
When searching for a private house in Serbia, you will encounter several key terms that define the type and legal status of the property. Understanding these differences is the first step to buying a house in Serbia that meets your goals.
The current situation in the Serbian housing market is largely determined by macroeconomic factors. The rise in inflation and Euribor rates has led to a significant increase in the cost of mortgage loans, with interest rates reaching 6-7%. This has directly impacted the purchasing power of the population using borrowed funds.
In recent years, Subotica has been experiencing a real construction boom. The main catalyst for growth was a strategic infrastructure project—the launch of a high-speed railway, which significantly improved the city's transport accessibility and increased its attractiveness for living and doing business.
Moving to Serbia, like to any other country, involves a number of mandatory expenses that must be considered when creating a budget. Understanding the cost structure allows you to allocate funds wisely and avoid financial difficulties at the initial stage. All expenses can be conditionally divided into three large groups: legalization, housing, and initial household needs.