The value of the real estate market in Serbia constantly growing

In the first half of this year, the value of the real estate market in Serbia was 1.8 billion euro and about 47,000 properties were sold, according to the State Geodetic Survey Office (RGZ).

The total value of real estate sold is 12% higher than in the same period last year, when the market value was 1.6 billion euro.

“Although the volume of real estate sales has slightly decreased compared to the same period last year, when 48,000 purchase contracts were concluded, the trend shows that the price of real estate has increased, taking into account the increase in the total value of the amount traded which is 200 million,” said the RGZ. “This is due to a 13% increase in the sale of apartments in new buildings, and it is normal for new apartments to come with a higher price than old ones.”

In regional terms, 27% of total real estate sales took place in Belgrade and 36% in Vojvodina.

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In terms of housing structure, apartments in Serbia are more sought after (47%) with an increase of 14% compared to the same period last year, while their sales value reached 850 million, or 75 million more, relative to last year.

Houses, on the other hand, have a 13% share of the real estate market, while agricultural land accounts for 20% of the total property.

The most expensive apartment sold in Serbia in the first half of this year was in the Belgrade Waterfront development and it cost 7,918 euro per square metre (the total price of the apartment was 973.888 euro). The most expensive apartment in an older building was sold at 3,600 euro per square metre, and it is located in the Kralja Petra Street in Belgrade. The highest amount of money spent on an apartment in an old building in the Novi Beograd quarter was 870,000 euro.

The most expensive house sold, located on the territory of the municipality of Savski Venac, in Topcidersko Brdo in Belgrade, had the price of 2,988,000 euro, while the highest amount spent for an office spanning 1,600 square metres and located near the National Assembly building, was 2,680,000 euro.

(, 01.09.2019)

This post is also available in: Italiano

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