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A speculative property investment market on the path to sustained growth

Previously perceived as a volatile and politically ambiguous region, the country now appears to be steering a pro-Western course, gaining political and economic stability, bringing it nearer to the possibility of EU membership. This has all been brought about by the victory of the pro-Western candidate in the last presidential election and the EU's announcement that it wants to speed up entry negotiations
with Serbia.

The Serbia Property Market Profile explains in great detail the opportunities offered by the country, focusing not only on the property market but also on the political situation, financial status, demographics and infrastructure.

The hottest property markets are revealed - along with the potential rewards and possible risks.

Potential Rewards

Stabilising politics, shifiting key economic drivers, growing tourism industry and ambitious economic reform with a view to EU accession all point towards potential capital growth in the property market.

Serbia is also striving to attract Foreign Direct Investment (FDI) and has one of the lowest corporate invome tax rates in Europe (10%), as well as a moderate VAT rate (18%) and a 1 10 year corporate profit tax holiday for investments over EUR 7 million and employment of 100+ employees.

All have contributed to rapid wage inflation and, therefore, greater demand for a better standard of living. This has yet to translate to property price growth, but the pent up demand cannot be satisfied by the current supply.

These and many more factors indicate the potential for significant growth in the Serbian property market, especially in Belgrade.

However...

Possible Risks

Unemployment continues to rise in Serbia and has been doing since the 1990s. A large and unmeasuered 'informal employment sector' exists, however, making it very difficult to accurately judge the 'real' level of employment.

We describe the Serbian property market as being in the 'speculative' phase - not all components for sustained growth are yet in place. (This is explained fully in the Serbia Property Market Profile)

The country is working hard to put them in place - but the risk is they fail.

Nevertheless, Serbia is a property market every foreign investor should be considering and monitoring. The Serbia Property Market Profile with give you a thorough understanding of the market as it stands - and where it is likely to go in the near future.

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