Land prices in Serbia vary significantly depending on location and land type. The highest demand is seen in the vicinity of Belgrade and Novi Sad, as well as near tourist centers like Zlatibor, Divčibare and Srebrno jezero. Land prices in Belgrade are among the highest, reaching values between three and four million euros in certain locations. The cheapest lands with building permits can be found in municipalities like Sopot, Surčin, and Barajevo, priced at around 1,000 euros per ar (10 square meters).
Real estate agents mention that owners can lower prices by up to 50% if they urgently need to sell, allowing buyers in Belgrade to acquire land for as low as 300-400 euros. Agricultural land in Vojvodina can also be very expensive, especially around Novi Sad, where prices can exceed three million euros. In smaller towns like Ruma and Zrenjanin, residential land prices range from 1,000 to 3,000 euros per ar.
On Zlatibor, prices range from 309 euros to as high as 62,000 euros per ar, particularly in central locations. Average prices typically range from 6,000 to 7,000 euros per ar. Plots near Divčibare, where untouched nature is still preserved, are among the most sought-after, with prices significantly lower than those on Zlatibor, often around 300 euros per ar. The most expensive land is found near Hotel Crni vrh, where prices reach 14,000 euros per ar.
“The current demand for land in Serbia is very high and remains stable, driven by significant interest from both investors and private buyers. Investors are constantly searching for available land for construction, often resulting in quick sales, even at higher prices. This is particularly noticeable in Belgrade, where the supply of available residential land is limited, further driving up prices. The high demand for land in Serbia fosters stability and price growth in the real estate market, particularly for attractive locations in urban and tourist areas,” explains agent Ana Pavlović.
She further emphasizes that urban planning documents are crucial for determining land prices, particularly the ability for future investors to obtain location permits, a vital document preceding construction permits. For land to be suitable for construction, it must be designated as such in urban planning documents.
