Investor Trip to Belgrade: How to Plan a Viewing Trip That Ends in a Purchase Decision
Guide

Investor Trip to Belgrade: How to Plan a Viewing Trip That Ends in a Purchase Decision

Guides · Exgentum · Serbia

Many prospective buyers fly to Belgrade, view eight apartments over a weekend and fly home with a pile of brochures and no decision. Others sign a reservation on day three because they were told the offer is only valid until tomorrow. Both can be avoided. A well-planned investor trip is not a holiday with a few viewings, but a working itinerary with a clear shortlist, fixed appointments and a list of things you can only check on site.

This article shows you how to build a viewing trip of three to four days. We do not repeat the individual purchase steps from the preliminary contract to the cadastre here; for those, see our guide Buying an Apartment in Belgrade: A Step-by-Step Guide.

Before the trip: the real work starts at home

Most trips do not fail in Belgrade, they fail in the preparation. Before you book, answer four questions for yourself, in writing:

  1. Goal: owner occupation, long-term letting, short-term letting or capital investment. Location, size and fit-out all depend on this.
  2. Budget: the total amount including purchase costs, furnishing and a reserve, not just the purchase price.
  3. Property type: a new build from a developer, an existing apartment or an apartment still under construction. Apartments that are not yet finished come with their own checkpoints, which you should know in advance.
  4. Exclusion criteria: what is out of the question, for example a ground floor, no lift or no use permit (upotrebna dozvola).

With these answers you can make a first selection from the listings. A proven approach is to collect 20 to 30 properties online and from two or three agents, and to narrow them down before the trip to the eight to twelve you really want to see. For each property, ask in advance for the floor plan, which floor it is on, the year of construction or completion date, information on the use permit and a current extract from the cadastre. Anyone who cannot or will not provide these documents is off the list.

What to look for when choosing an agent is summarised in Real Estate Agents in Belgrade: What First-Time Buyers Really Need to Watch For.

Group your viewings by district

Belgrade is bigger than it looks on the map, and traffic at rush hour is slow. Plan your viewings by district, not by when the agents happen to be available. Two districts a day is realistic; three quickly turns into a rush.

Useful groupings include:

An overview of the districts with their strengths and weaknesses is available in our article Districts of Belgrade (in German). Also take time to walk the surrounding streets: how far is the nearest supermarket, how loud is the street in the evening, where do residents park?

A sample four-day programme

DayMorningAfternoonEvening
1Arrival, explore a district on footFirst viewings in district group AReview notes, collect questions
2Viewings in district group BMeeting with the developer or project officeReduce the properties to a shortlist of three
3Second viewing of the shortlist at a different time of dayMeeting with an independent lawyerCalculate the full costs for each property
4Meeting with a bank, clarify open questionsPrepare the decision, sign nothingDeparture

The "sign nothing" on day four is deliberate. A decision you make calmly at home is almost always better than one made at the airport. If the property has been checked, you can also make a reservation remotely.

The meetings that are worth it

Developer or project office

You will learn more from the developer than from the sales brochure if you ask specific questions. Ask for the building permit (građevinska dozvola), the status of the use permit, the payment schedule and the specification with details of materials. Ask which projects the company has already completed, and if possible go and look at one of them. A finished building by the same developer tells you more about build quality than any show apartment.

Independent lawyer

Before the trip, book a meeting with a lawyer who was not referred by the agent or the developer. Bring the documents for your two or three favourites. The lawyer can assess which checks are still missing and how long they will take. One meeting in person saves a lot of emails later.

Bank

If you want to open an account in Serbia to handle the purchase price or, later, rental income, use the trip to do it. Which documents banks require from foreigners is explained in our article Opening a Bank Account in Serbia as a Foreigner (in German). Also ask the bank how an international transfer for the purchase price works and what proof of the source of funds they require.

What you can only check on site

Cadastre extracts and permits can be requested remotely. Much else you only see when you are standing in the building:

Write down your impressions right after each viewing and take photos labelled with the property number. After eight apartments, memories start to blur.

Plan the cost of the trip realistically

The trip itself is not expensive. Allow for flights, three to four hotel nights, taxis or a hire car and possibly professional fees:

ItemNote
FlightCheck which direct flights are available from your city
AccommodationIdeally central, so distances stay short
TransportBetween appointments, a taxi or driver service is often easier than a hire car
LawyerInitial consultation by arrangement, ask about the fee in advance
Interpreter or companionFor meetings without an English-speaking counterpart
SurveyorUseful for resale properties that need renovation

These costs are small compared with a bad purchase. Do not save on the lawyer or on the second viewing.

The most common mistakes on investor trips

Organised commission tours

Some "free" investor trips are organised by providers who only show their own projects or those of partners and earn money from them. That is not necessarily dubious, but you will only see a small part of the market. Ask openly who is paying for the trip and how the provider earns money.

Artificial time pressure

"Only two apartments left at this price" or "The discount is only valid until Friday" are part of the standard sales repertoire. A property you cannot check calmly is a property you should not buy. Only pay a reservation fee once you know under which conditions you get it back.

Too many properties

Anyone who views twenty apartments in three days ends up with no overview. Eight to twelve well-preselected properties are enough.

Only seeing show apartments

Show apartments are furnished and well lit. Ask to see an unfurnished unit or the construction site as well.

Not asking the exit question

Ask yourself for every property: who could I sell or let this apartment to in ten years? If you have no answer, you are buying out of enthusiasm rather than after careful thought.

Support on site

You can organise a viewing trip yourself. Many buyers, however, value having an English-speaking person on site who coordinates your appointments, interprets in meetings with developers and authorities, and requests missing documents after you have left. Exgentum supports English-speaking buyers in planning viewing days in Belgrade and, after the purchase, can also accompany the handover and management of the apartment if you wish.

Frequently asked questions

How long should an investor trip to Belgrade last?

Three to four days is about right. That is enough for viewings in several districts, a second viewing of your favourites and meetings with a lawyer and a bank.

How many apartments should I view?

Eight to twelve well-preselected properties. More tends to cause confusion rather than a better decision.

Should I sign anything during the trip?

Better not. Make the decision after you return, once the documents have been checked. A reservation can also be made remotely.

Can I open a bank account during the trip?

Often yes, provided you have the documents the bank requires with you. Requirements differ from bank to bank, so ask in advance.

Are free investor trips trustworthy?

Not necessarily dubious, but rarely neutral. Ask who is paying for the trip and which projects will be shown.

What should I request before the trip?

The floor plan, which floor it is on, information on the use permit and a current cadastre extract for every property on your list.

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