Rising rental prices in Belgrade and beyond; Novi Sad the only exception

Rental prices for flats have increased in Belgrade after the pandemic measures were relaxed.

This upward trend has been going on since February this year. Real estate experts say that the demand for flats has increased with the easing of measures and the highest prices were recorded in March so far this year. Today, to rent a flat in Belgrade, you need to set aside between 200 and 1,000 euros.

The rent varies depending on which part of the city you want to live in. The closer you are to the city centre and the more urbanised places, the more expensive the rent. The price increase is higher if the part of town you want to live in has a children’s playground, a kindergarten, a market, a garage, a car park or other amenities.

A studio or one-bedroom flat in Zemun, Mirjevo, Voždovac and less attractive parts of Novi Beograd costs between 200 and 250 euros per month to rent. In Block A in Novi Beograd, the same size flat costs up to 100 euros more.

The most expensive to rent are definitely flats in the city centre, where you would have to put aside the average Serbian salary to pay the rent. A studio apartment in Belgrade Waterfront ranges from 450 to 500 euros per month to rent.

Larger flats cost two or three times as much. The rent for this type of flat in Zemun is around 500 euros and in Novi Beograd 600 euros, with the exception of Block A, where the price of rent ranges from 900 to 1,000 euros.

To rent a flat in an old building in Vracar costs between 600 and 700 euros, in the more developed part, 700 to 900 euros.

The increase in rental prices was certainly influenced by the revival of the economy and the improvement of the epidemiological situation in Serbia, considering that rental prices were twice as low in the middle of the coronavirus pandemic. This was mainly due to the fact that employees worked from home or went to the countryside, so they cancelled their rented flats.

The average salary in Serbia is around 60,000 dinars. A married couple with two incomes usually earn around 1,000 euros, and with bills and everything else, there is little left over.

In Novi Sad, rent is a little cheaper than in Belgrade while in Niš, it has risen from the previous 150-200 euros to 300-400. In this city, if you want to buy a flat, you will have to set aside between 900 to 1,000 euros per square metre, according to the latest data.

Real estate experts predict that the rental price for small flats will increase when students return to school from September, because there will be a higher demand which will determine rental prices.

(Mondo, 18.07.2021)





This post is also available in: Italiano

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