Serbia Property Market 2009
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• Serbia is strategically located on the borders of the EU, neighbouring Hungary in the north and Romania and Bulgaria to the east. Two major Pan-European transport routes lead through the country – corridor VII and X. • Belgrade is the most important population centre and is experiencing faster economic growth than other regions in the country. The majority of property market activity is concentrated there. |
• Minimum earnings, fixed at €145/month, which, though comparable with Bulgaria and Romania, are dramatically lower than in other Eastern European countries.
• Serbia has developed into a stable growing market economy, which boomed in 2004, achieving 8.80% annual GDP growth and most recently at 5.4% in 2008. The economy is expected to contract at a rate significantly above the EU average.
• Serbia has the lowest corporation tax in Eastern Europe, at 10%.
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