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Serbia to Subsidize First-Home Buyers to Boost Low Birth Rate

Serbia will partially cover the cost of acquiring a home by parents with newborns, the government’s latest measure to tackle a demographic decline.

Incentives of up to $22,700 are envisioned for couples and single parents purchasing a home in the Balkan nation whose population of just under 7 million is shrinking because of a low birth rate and migration. At the same time, property prices are increasing on the back of rising wages and economic output.