How much do apartments cost in Belgrade and the region?

Property prices in Serbia are steadily rising, and real estate agents do not think that the situation in the real estate market will stabilize in the near future.

When comparing real estate prices in Belgrade, the region and individual EU countries, by Serbian standards, Vienna is the most expensive to buy real estate while Bucharest is the cheapest.

According to data from the Cetiri Zida website, prices per square metre in new buildings in Belgrade range from 1,196 to 3,251 euros, while the average price is 2,223 euros. When it comes to old buildings, the average price per square meter is 2,102 euros.

Currently, one of the cheapest apartments in Belgrade, spanning 21 square metres, costs 17,000 euros, or less than 1,000 euros per square metre. However, there is a 24-square-metre-apartment that costs much more, i.e. 39,600 euros, so it is safe to say that prices vary a lot in the Serbian capital.

If you want to buy an apartment in the city centre you can pay as much as 117,000 euros for a 38-square-metre studio. The prices of two-bedroom apartments start at 49,500, while the most expensive apartment is in the Belgrade Waterfront neighbourhood, where 60 square meters requires 491,888 euros.

In the capital of neighbouring Bosnia and Herzegovina, Sarajevo, it is possible to find a two-bedroom apartment for just over 1,000 euros per square meter. For example, a 62-square-metr apartment in a 1935 building was advertised on one of the real estate sites, which cost 63,912 euros.

For a one-bedroom apartment in Podgorica, Montenegro, spanning 28 square meters, you will have to set aside 32,200 euros, or 1,150 euros per square metre.

In Zagreb, on the other hand, a square metre costs just over 2,500 euros. For example, to buy a one-bedroom apartment of 33 square metres in the Croatian capital, you need 83,675 euros. When it comes to studio apartments, a square metre costs about 1,600 euros, so 30,000 euros for an apartment of only 18 square meters.

In Budapest, prices are not so favourable. Namely, the average price of a square metre in this city is 2,515 euros.

In the Austrian capital, Vienna, the price of a square metre is rather high by Serbian standards. Thus, according to the ads, one can come across apartments that cost almost 6,500 euros per square metre. That is a two-room apartment of 70 square meters, costing 50,000 euros.

In Bucharest, one can find a 37-square-metre apartment for 56,500 euros, just over 1,500 euros per square metre. However, it is possible to find an even cheaper apartment. For instance, for 56,000 euros you can buy a 52-square-metre apartment. A square metre in a new building in Bucharest can be found for under 1,100 euros.

(Nova, 14.06.2022)


This post is also available in: Italiano

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