According to data collated by the Geodetic Authority of Serbia, in February, real estate turnover in Serbia increased by 17.65% compared to January, and by 10.9% compared to last year.
Looking at the regions, the data show that the highest growth in real estate turnover was recorded in the Šumadija region and Western Serbia, a 23.1% increase compared to last year.
In March, April and May last year, the market was at the standstill but after the state of emergency was lifted, interest in buying a property in the countryside increased, and many buyers who, until then, wanted to sell their rural properties withdrew from the intent to sell.
Zlatibor district is developing its tourist offer year-on-year, thus attracting an increasing number of local and foreign buyers. Natural attractions, a good climate and numerous tourist facilities attract tourists and nature lovers to invest in this area. Here, real estate turnover increased both in January and February this year, compared to the same month last year, by 50%.
Prices of apartments in the towns of Western Serbia have increased – the price of a square metre in Užice ranges from 1,100 to 1,250 euro, while prices per square metre of older apartments range from 500 to 800 euro. In Zlatibor, the price per square metre is around 1,300 euro and it goes up 2,000 euro for hotel apartments. Užice has the highest demand and the lowest offer of apartments which size ranges from 35 to 40 square metres, while at the same time, there is a big offer of larger apartments.
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