russian investments

Russian investment in Serbian real estate surpasses €180 million in 2023

Russian nationals poured over €180 million into Serbian real estate in 2023, equivalent to the entire real estate market of Niš, according to Ivana Štrbac, head of the Real Estate Assessment and Valuation Department at the Republic Geodetic Authority, speaking to Bloomberg Adria. She noted that a portion of Russian expatriates who relocated to Serbia opted to invest in purchasing apartments instead of renting, contributing to an increase in the share of foreign buyers, rising from three percent in 2022…