BELGRADE – The residential and commercial property consultancy Knight Frank has put Belgrade on the list of locations with a potentially bright future that could become an ideal place for the world’s millionaires.

Photo: Vladimir Stoiljkovic / InSerbia
Photo: Vladimir Stoiljkovic / InSerbia

In its Wealth Report 2015, besides Belgrade, the consultancy lists Panama City, Addis Ababa and Yangon as the cities with rising millionaire populations, whose influence is growing strongly at a regional level.

While seeing only a steady 12 percent rise in the number of millionaires in the years from 2007 to 2014, the expectation is that this figure in Belgrade will jump markedly by 2024, with a forecast of 72 percent growth over the decade, reads the report.

The city acts as southeastern Europe’s financial and business center and is witnessing rising levels of foreign direct investment. Inward investment has been aided by tax incentives and grants and an increasingly competitive tax environment, which has attracted the likes of Fiat and Siemens, the report notes.

Lifestyle improvements over the past decade have been supercharged by a growing reputation as a tourist center – Lonely Planet describes Belgrade as “one of the most happening cities in Europe”, adds the report.


  1. Put on your walking shoes! Beograd is one of the most user-friendly cities I’ve ever visited anywhere in the world. From Tash Maydan park to Kalimegdan park, I have spent days hiking the streets of Beograd. When I got tired, there was always a café nearby where I could have a few cool beers…Beograd is almost impossible to get lost in. Just memorize where the hub of Beograd, Republic Square, is and all main routes radiate out from it. Everybody meets there. Even the dogs! The most scenic route takes you to Kalimegdan fortress which overlooks the confluence of the Sava & Danube rivers… WOW! High up on the fortress walls you can see the huge Pannonian plain roll out in front of you….I absolutely LOVE Beograd.

  2. Tourists complain about the trash, though, and all the gray.
    Serbia needs to power-wash and then repair or repaint the facades of many of its buildings, and then gradually tear down all that communist “architecture” and build more attractive replacements.

    • Tear down communist architecture? This is our history mate! Would you tear down the pyramids because they were built by slaves? pft

  3. Ownership of real estate in Beograd has not been clear since before WW2 Yugoslavia…In Tito’s Yugoslavia, the state owned most property & allowed squatters rights to stand. Now only wealthy foreign NGOs can afford to maintain their property.


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