Abstract
A preliminary evaluation of the current urban land system is presented in the article together with the instruments of land policy in Serbia. It is concluded that due to the limitations of the current regulation it will be impossible in the future to apply market principles in the urban land policy (supply and demand of land, land capitalization, investment efficiency, et al.). Based on the estimation that the urban land system and land policy are key factors of competitiveness between regions and towns in Serbia, it is necessary to initiate changes in this field. A comparative analysis of the elements of the current urban land system in Serbia has been carried out in relation to two market systems: (a) with dominant private ownership of urban land (neoliberal approach) and (b) with dominant public ownership of urban land (Scandinavian approach) whose findings can be a basis for further study of the new system in Serbia. .
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