Q:
A:
Law on mortgage kick-starts land reformation
Belgrade,
4 March 2006
Serbian Minister of International Economic Relations Milan Parivodic said today that the Law on mortgage represents only the beginning of land reforms in Serbia, since it will considerably shorten the procedure of collecting mortgage loans.
Milan Parivodic
At a seminar on application of the Law on mortgage organised by the Institute of Economic Diplomacy, Parivodic said that past laws were inadequate since they envisaged the possibility of mortgaging only registered real estates.
According to Parivodic, the new law, which has recently come into force, envisages the possibility of mortgaging unregistered immovables and buildings under construction.
The minister stressed that, according to expert predictions, the new Law on mortgage should reduce the cost of loans in Serbia and increase housing construction.
Parivodic said that so far mortgage loans in Serbia have been settled in two phases – through legal proceedings and execution of warrant, both of which were too long and too minutely regulated. The new law will change and speed up these processes.
Instead of lasting for years, the new Law on mortgage envisages selling of a mortgaged real estate to settle debt to a bank in only three to six months.
Another novelty in the Law on mortgage is formation of the Central register of mortgages, which will be managed by the Serbian Geodetic Institute. Central register will prevent putting several mortgages on one real estate.
According to Parivodic, the new law, which has recently come into force, envisages the possibility of mortgaging unregistered immovables and buildings under construction.
The minister stressed that, according to expert predictions, the new Law on mortgage should reduce the cost of loans in Serbia and increase housing construction.
Parivodic said that so far mortgage loans in Serbia have been settled in two phases – through legal proceedings and execution of warrant, both of which were too long and too minutely regulated. The new law will change and speed up these processes.
Instead of lasting for years, the new Law on mortgage envisages selling of a mortgaged real estate to settle debt to a bank in only three to six months.
Another novelty in the Law on mortgage is formation of the Central register of mortgages, which will be managed by the Serbian Geodetic Institute. Central register will prevent putting several mortgages on one real estate.
-
Belgrade/Istanbul, 23 January 2026Balkan Peace Platform aimed at strengthening ties in region
-
Belgrade, 23 January 2026EU enlargement policy should be based primarily on merits of candidate countries
-
Istanbul/Belgrade, 23 January 2026Improving overall cooperation between Serbia, Türkiye
-
Belgrade, 22 January 2026EU is Serbia’s reliable partner in public administration reform process
-
Belgrade, 22 January 2026State of emergency caused by adverse weather lifted in all municipalities, cities
-
Belgrade, 22 January 2026Electricity supply in Serbia stable
-
Belgrade/Budapest, 21 January 2026Belgrade-Budapest high-speed rail of strategic importance for region
-
Belgrade, 21 January 2026Further strengthening of economic relations with UAE
-
Belgrade, 20 January 2026Significance of return of Belgian armed forces to KFOR Mission in Kosovo and Metohija
-
Belgrade, 20 January 2026Continuation of cooperation with EU to strengthen democratic processes