Serbia Real Estate Analytics

Property market metrics including price-to-income ratio, rental yields, and price trends

Price to Income

16.8x

Ratio of property prices to annual income

Rental Yield

4.1%

Average annual rental return

Price to Rent

24.5

Ratio of property prices to annual rent

Price to Income Ratio

Ratio of median house price to median annual household income

Rental Yield

Annual rental income as percentage of property value

Price to Rent Ratio

Ratio of property price to annual rental income

Apartment Rent (City Centre)

Monthly rent for 1-bedroom apartment in city centre

Apartment Price (City Centre)

Price per square meter to buy apartment in city centre

Building Permits

Number of building permits issued

Apartment Price (Outside Centre)

Price per square meter to buy apartment outside city centre

1BR Rent (Outside Centre)

Monthly rent for 1-bedroom apartment outside city centre

3BR Rent (City Centre)

Monthly rent for 3-bedroom apartment in city centre

3BR Rent (Outside Centre)

Monthly rent for 3-bedroom apartment outside city centre

Mortgage Interest Rate (20Y)

Average mortgage interest rate for 20-year fixed loan

Additional Insights

Expert analysis of Serbia Real Estate trends and investment implications

Market Overview

Serbia's property market shows signs of being high-priced relative to income, with a price-to-income ratio of 16.8, suggesting potential challenges for affordability. Rental yields at 4.1% might appeal to investors, especially if local interest rates are lower, but the high price-to-rent ratio of 24.5 indicates a preference for renting over buying. The market seems positioned in a mature phase with potential for moderate growth or stabilization rather than rapid appreciation.

Key Findings

Data-driven insights

•Price to Income Ratio: 16.8, indicating affordability issues.
•Gross Rental Yield: 4.1%, which is moderately attractive if interest rates are lower.
•Price to Rent Ratio: 24.5, suggesting renting is more financially rational than buying.
•Rental Yield: 4.1%, aligned with gross yields, offering consistent investment returns.

Market Trends

Historical patterns

•Property prices have outpaced income growth significantly since the mid-1990s.
•Rental yields have remained relatively stable over the past decade.
•The market has seen cyclical growth with corrections, indicating a mature market phase.

For Investors

Actionable takeaways

•Consider waiting for a market correction if affordability is a major concern.
•Focus on properties with yields above 4.1% to outperform the average.
•Monitor interest rates; if they rise, the appeal of current yields may diminish.
•Invest in rental properties in high-demand areas to leverage the strong rental market.

Market Context

Serbia's property market is relatively mature, having developed significantly since the 1990s. It offers stable opportunities but requires careful consideration of affordability and yield metrics in the context of broader economic conditions.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.