Apartment prices went up by 13.62% in Q1

In the first quarter of this year, apartment prices in Serbia went up by 13.62 percent compared to the same period last year, while compared to the fourth quarter of last year, the increase was 2.57 percent, the State Geodetic Institute (RGZ) has said.

RGZ also points out that although the growth trend continued, the prices of apartments in the first quarter increased slightly less compared to the end of last year, and the number of recorded sales also dropped.

This change, according to the RGZ assessment, was due to the fall in the share of apartment sales financed through housing loans, from 21 percent in the fourth quarter of 2022 to 18 percent of sold apartments in the first quarter of this year, which is a consequence of higher interest rates.

Looking at the regions, compared to the same period last year, apartment prices in Vojvodina went up by 14.89 percent, Belgrade by 13.27 percent, Šumadija and Western Serbia by 11.24 percent, and as in the previous few quarters, the highest price increase was recorded in Southern and Eastern Serbia – 15.74 percent.

The prices of apartments in new buildings increased by 10.48 percent compared to the same period last year, while the prices of apartments in old buildings had a higher year-on-year price growth, standing at 15.4 percent.

(Politika, 08.05.2023)

https://www.politika.rs/sr/clanak/551429/cene-stanovi-rgz

This post is also available in: Italiano

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