In Serbia, in the first half of 2018, a total of 48,000 apartments and houses were bought of the total cash value as high as 1.6 billion euro, which is 23% more compared to the same period last year when it was 1.3 billion.
The sales volume has increased by 15% relative to the same period last year when 41,500 real estate sales contracts were signed, while the growth of the real estate market in Serbia is accompanied by the growth of the real estate prices too – the State Geodetic Authority says.
More than half of that money is turned over in Belgrade, i.e. 830 million euro.
Novi Sad comes in second in terms of the real estate sales value with 185 million euro.
Real estate turnover is lower in the south of Serbia than in the rest of the country.
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Of the total real estate sales, as much as 60 percent took place in Vojvodina and Belgrade, although less than 50 percent of Serbia’s population inhabitants live in those two areas.
In Serbia, apartments are the most popular real estate to buy (33 percent), followed by houses (15 percent), while agricultural land accounts for 20 percent of total real estate turnover.
In the capital city, compared to the same period last year, the prices of a square metre in new buildings in Novi Beograd and Čukarica jumped by eight percent.
In Palilula, the price of an apartment new building fell by 10 percent, while at the same time the prices of apartments in older buildings rose by 8 percent.
The largest increase in the price of real estate in Serbia was recorded in the old buildings in Novi Pazar and Prokuplje, while the highest increase in the prices of apartments in new buildings was recorded in Vranje. The biggest drop in the price of newly built apartments was noted in Užice.
The most expensive square metre of real estate in Serbia and in 2018 was found in the residential development Belgrade Waterfront and it retailed at over 7,800 euro, while the total price of this apartment is over 1.12 million euros
In terms of the apartments in older buildings, the most expensive ones are still in Knez Mihailova Street, where the most expensive apartments retailed for over 4,300 euro per square.
Interestingly, the most expensive house in the first half of 2018 is not found in an exclusive location in the capital city, but is located in Beli Potok, in the municipality of Vozdovac, and its value is set to one million euro.
The most expensive real estate is in Belgrade, namely in the municipalities of Savski Venac, Stari Grad, Novi Beograd and Vračar, while the cheapest is in Bor and Kikinda.
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