http://realestatebloginternational.com/2009/06/15/serbia-is-changing-its-property-practices-to-attract-new-investment/ Connecting the world, one post at a time. Sat, 10 Apr 2010 03:20:39 +0000 hourly 1 http://realestatebloginternational.com/2009/06/15/serbia-is-changing-its-property-practices-to-attract-new-investment/comment-page-1/#comment-32 Nancy Bowen Wiggins Wed, 17 Jun 2009 19:02:55 +0000 http://realestatebloginternational.com/?p=539#comment-32 Thank you for your interest,Alberto. The answer is a mixed one. Currently they are changing the registration of land and land tenancy to/from 99 year tenancies to fee simple ownership."Urban" land under the "Planning & Construction Act of 2003",may not be conveyed in fee simple but is conveyed via leasehold that has not a legal renewal provision. According to Serbian rules[that are undergoing radical change], private ownership entitles the owner of the structure a full range of rights where the rights to the land are not contingent upon the maintenance of the structure.Hope this helps. A more complete answer will probably require a Serbian real estate attorney which I can suggest.Real Property can be owned by foreign individuals. Most foreign ownership of property is via ownership of a Serbian Company that has a 10%corporate income tax rate.If the owner keeps account books the rate can be as low as 0.4%,if not it can go to a high of 3%. So there is incentive to invest in property via a corporation. Thank you for your interest,Alberto. The answer is a mixed one. Currently they are changing the registration of land and land tenancy to/from 99 year tenancies to fee simple ownership.”Urban” land under the “Planning & Construction Act of 2003″,may not be conveyed in fee simple but is conveyed via leasehold that has not a legal renewal provision. According to Serbian rules[that are undergoing radical change],
private ownership entitles the owner of the structure a full range of rights where the rights to the land are not contingent upon the maintenance of the structure.Hope this helps. A more complete answer will probably require a Serbian real estate attorney which I can suggest.Real Property can be owned by foreign individuals. Most foreign ownership of property is via ownership of a Serbian Company that has a 10%corporate income tax rate.If the owner keeps account books the rate can be as low as 0.4%,if not it can go to a high of 3%. So there is incentive to invest in property via a corporation.

]]> http://realestatebloginternational.com/2009/06/15/serbia-is-changing-its-property-practices-to-attract-new-investment/comment-page-1/#comment-31 Nancy Bowen Wiggins Wed, 17 Jun 2009 18:56:16 +0000 http://realestatebloginternational.com/?p=539#comment-31 Thank you for your interest,Alberto. The answer is a mixed one. Currently they are changing the registration of land and land tenancy to/from 99 year tenancies to fee simple ownership."Urban" land under the "Planning & Construction Act of 2003",may not be conveyed in fee simple but is conveyed via leasehold that has not a legal renewal provision. According to Serbian rules[that are undergoing radical change], private ownership entitles the owner of the structure a full range of rights where the rights to the land are not contingent upon the maintenance of the structure.Hope this helps. A more complete answer will probably require a Serbian real estate attorney which I can suggest. Thank you for your interest,Alberto. The answer is a mixed one. Currently they are changing the registration of land and land tenancy to/from 99 year tenancies to fee simple ownership.”Urban” land under the “Planning & Construction Act of 2003″,may not be conveyed in fee simple but is conveyed via leasehold that has not a legal renewal provision. According to Serbian rules[that are undergoing radical change],
private ownership entitles the owner of the structure a full range of rights where the rights to the land are not contingent upon the maintenance of the structure.Hope this helps. A more complete answer will probably require a Serbian real estate attorney which I can suggest.

]]> http://realestatebloginternational.com/2009/06/15/serbia-is-changing-its-property-practices-to-attract-new-investment/comment-page-1/#comment-30 admin Wed, 17 Jun 2009 17:43:07 +0000 http://realestatebloginternational.com/?p=539#comment-30 Alberto, that is a great question. David Segrest is the pro in Argentina and Nancy Wiggins is the pro. You can always visit their country profile to see their contact information. Alberto, that is a great question. David Segrest is the pro in Argentina and Nancy Wiggins is the pro. You can always visit their country profile to see their contact information.

]]> http://realestatebloginternational.com/2009/06/15/serbia-is-changing-its-property-practices-to-attract-new-investment/comment-page-1/#comment-29 Alberto Gutierrez Wed, 17 Jun 2009 17:37:42 +0000 http://realestatebloginternational.com/?p=539#comment-29 Its is the firs time that I visit this blog. I really enjoyed reading this article and the ones about Argentina. It is very interesting to learn how different (from what we are used to see in USA) the real estate business practices can be in other parts of the world. I have the following questions for Mrs. Wiggins: If “ownership or tenancy” is conveyed with ownership or tenant rights of the building or structure. What happens in Serbia to "ownership or tenancy" if the building is demolished? Second, are there any special incentives for foreign investors in Serbia? If so what are they? Its is the firs time that I visit this blog. I really enjoyed reading this article and the ones about Argentina. It is very interesting to learn how different (from what we are used to see in USA) the real estate business practices can be in other parts of the world.
I have the following questions for Mrs. Wiggins:
If “ownership or tenancy” is conveyed with ownership or tenant rights of the building or structure. What happens in Serbia to “ownership or tenancy” if the building is demolished?
Second, are there any special incentives for foreign investors in Serbia?
If so what are they?

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