10,000 euro per square metre of new property in downtown Belgrade

In the first half of 2019, the most expensive property in Belgrade and in Serbia was sold in the exclusive location of Belgrade Waterfront at the price of 7,918 euro, according to the latest data of the National Geodetic Authority (RGZ).

However, real estate experts believe that this record will soon be broken, but in another location. Thanks to the construction of the Savska Promenada, the renovation of Savski Trg, the transformation of the former main railway station into a museum, and the completion of the Wilson Avenue, the city centre will expand from Kalemegdan and Knez Mihailova Street to Ada Ciganlija.

“Everything will change completely in the direction of Ada Ciganlija,” says Goran Rodic, one of the leaders of the Serbian Chamber of Construction.

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“In the so-called old Belgrade, there are plans to renovate the racecourse, as well as the former Jugopetrol location which belongs to the Belgrade Waterfront development,” Rodic revealed.

One side of Savska Street is completely demolished, there are no longer old factories there, but neither is the last pyramid of Belgrade, the railway terminal…  It has not been revealed as yet what will be built in this location, behind the future Belgrade Tower and the largest shopping centre in the capital.

On the other hand, the current Belgrade bus station (BAS) is about to be demolished and the stretch from Savski Trg to Brankov Most will be reconstructed.

“This will be the exclusive part of Belgrade. Those old buildings on Karadjordjeva Street have already been purchased and I think that the price of real estate here will go up to 10,000 euro per square metre. This will be one of the most beautiful residential quarters in Belgrade with many cafes and restaurants. The old buildings that will be renovated, but they will keep their current form and appearance,” Rodic concluded.

(Blic, 19.12.2019)



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