Investment

The Novi Sad investment case: yields, tenants and exit

Kristina Gegić 14 July 2026 9 min

The Novi Sad investment case: yields, tenants and exit

A realistic model for a €268,000 Liman apartment — gross yield, running costs, vacancy and what net looks like after five years.

Investors ask about yield. The useful conversation is about the tenant, because the tenant drives yield, vacancy and ultimately the exit.

Who rents in Novi Sad

Three groups: IT and service professionals, families relocating from smaller towns, and foreigners on longer stays.

Net, not gross

From gross yield subtract building fees, tax, maintenance and empty months. Only then do you have a decision number.