Serbia: Highest office space rental yields in Central & Eastern Europe

Accordinf to SIEPA, the Serbian Export and promotion Agency, Serbia offers very attractive office rental yields:

* Highest office yields in Central and Eastern Europe - 10%
* Strong demand for residential space across the country
* Shopping center stock well below the CEE average
* Over €2 billion worth of current real estate projects In Belgrade only



Attractive Yields Yields in Serbia's real estate sector tend to be higher than in other CEE countries, amounting to e.g. 10% in the office market.


Expanding Demand In Serbia, there is strong demand in the office, residential, and retail market. As a result of robust recent economic growth and strong FDI performance, demand for quality office remains robust. Likewise, a residential market is forecast to experience an upward trend due to a steady increase in household income and a wide availability of mortgage loans.



Competitive Costs Serbia's tax regime is highly conducive to doing business. Corporate profit tax is the second lowest in Europe, while VAT and salary tax are among the most competitive ones in Central and Eastern Europe. Labor costs in the country are comparable to those in SEE states, while standing at 50% of their level in Eastern Europe EU countries.