Bosnia and Herzegovina
3,216,000 people
Population
Bosnian, Serbian, Croatian
Language
Currency
Convertible Marka (BAM)
Territory size
51,209 sq.km.
Main cities
Sarajevo
GDP
29,86 billion USD total,
~ 8,670 USD per capita
Housing
In 2024, Bosnia and Herzegovina's rental market experienced growth in market value and housing prices, with competitive rental yields and projected increases in lease revenues despite a fragmented market structure. Rental prices were 14% higher than in 2023. Nevertheless, tenants in Bosnia and Herzegovina were able to navigate the market more effectively, securing better deals and improving their living conditions. Tenants with existing leases enjoy greater stability, and landlords cherish their long-term renters.
Average monthly rates in Sarajevo
Studio
$500–$850
$1,100–$2,900
$1,600–$4,700
$2,100–$7,300
Two-bedroom
apartment
One-bedroom
apartment
$600–$1,700
Three-bedroom apartmen
Four-bedroom apartment
Key Trends:
  • Limited supply further drove up costs.
  • Rents remain 20% cheaper than in Serbia and Croatia.
  • In the suburbs of Sarajevo, rents have fallen by 30%.
Challenges:
  • More rental listings are now available online.
  • In central Sarajevo, Mejtaš and Bjelave, average monthly rents rose on average by 14%, while suburban areas experienced rents up to 30% lower.
  • Rising city rents pushed demand to lower-cost suburban areas.
  • October 2024 floods damaged housing and worsened market pressures.
Immigration

Bosnia and Herzegovina is not an EU member but aligns its visa policy with the EU, allowing visa-free entry for citizens of 101 countries for up to 90 days within a 180-day period. Holders of valid multiple-entry visas or residence permits from the EU, Schengen Area, and the U.S. can stay visa-free for up to 30 days. The country issues standard visas, including short-term Visa C for tourism or business, long-term Visa D for work or study (required for a residence permit), and transit Visa A.


Foreign nationals working in Bosnia and Herzegovina must obtain a work permit through their employer, issued by the regional Employment Service office. These permits are valid for up to 1 year and renewable, but employment is subject to an annual quota set by the Council of Ministers. Exemptions apply to highly qualified specialists, accredited teachers, professional athletes, and top executives. Certain foreign professionals, such as technicians, guest lecturers, and artists, can work for up to 90 days per year with a work registration certificate.


All foreign nationals must register with the local police within 48 hours of arrival. If staying in a hotel or registered accommodation, the hotel must report their stay within 12 hours.

Moving
Transportation: Bosnia and Herzegovina relies on neighboring countries' seaports for international trade. The
primary port is the Port of Ploče in Croatia. The Port of Rijeka in Croatia and the Port of Bar in Montenegro are also commonly used for shipping goods. The primary airport is Sarajevo International Airport (SJJ).

Customs Duties: all incoming shipments are subject to customs procedures, with a VAT of 17% on all imported goods. Returning citizens may qualify for duty exemptions if certain conditions are met. Diplomatic shipments are exempt from duties.

Customs clearance typically takes 3-7 business days.
Contacts
Instagram
Linkedin
YouTube
relo@intermarkrelocation.com