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According to the Law of the Fundamentals of Ownership Relations, foreigners can acquire ownership rights to Real Estate in the Republic of Serbia, provided that there is reciprocity, that citizens of Serbia have similar rights in the country of origin of the foreign citizen. In practice, that means that foreigners can buy apartments and houses in Serbia in the same way as Serbian citizens, but with the condition that Serbian citizens can buy Real Estate in the foreigner’s country of origin.

However, there are certain exceptions to this rule. For example, foreigners cannot acquire property rights on agricultural land in Serbia, except in exceptional cases prescribed by law. Also, some laws in Serbia limit the rights of foreign nationals to acquire Real Estate in certain parts of the country, such as borders or areas of special interest for defense or national security.