Real estate prices in Serbia have increased by around 20% in the past two years

According to official data, real estate prices in Serbia have increased by around 20% over the past two years.

The price increase was first recorded in large cities, but is now also noticeable in small towns. This is conditioned by the increase in demand and the changes brought by the pandemic in the global market.

One-bedroom apartments and studios are the most sought after, even if there are not enough of them on the real estate market.

The limited budget forces buyers to mainly look for apartments with a value of up to 70,000 euros. Apartments up to 50 square meters are the most popular, and due to limited availability studios of around 20 square meters are also in demand.

In Belgrade, the most popular apartments are located in Novi Beograd, Mirijevo, Zvezdara and Banovo Brdo.

Real estate agent Milić Djokovic says that the most popular apartments cost up to 70,000 euros, and when it comes to size, one-bedroom apartments, around 50 square meters, are in high demand.

As Mr. Djokovic points out, for 70,000 euros a person can buy an apartment of 25 square meters in an additional location in Belgrade, while for the same amount he can buy an apartment of 45 to 50 square meters in other cities.

He also points out that some areas of Belgrade have become very popular in recent years, such as Ledine and Mirijevo.

At the time, Mirijevo was too far for some, but now it has 100,000 inhabitants and a complete infrastructure, while a metro line was also supposed to cross it. Mirijevo also has schools, gymnasiums, churches, a health center and everything a small town should have, says Milić Djoković for Nova.

Real estate agent Katarina Lazarević points out that there are not enough small apartments on the real estate market and that they are the most in demand. People who don’t have a lot of money are mostly looking for apartments of 30 to 50 square meters, although the best-selling ones vary from 75 to 100 square meters.

“Small apartments are expensive. There is a 22 square meter apartment near Karadjordjev Park for sale at 60,000 euros. I think it’s a huge amount of money for such a small apartment. With this amount of money, you can buy a two-bedroom apartment in the suburbs, ”Ms. Lazarević explains.

(November, 25.10.2021)

This article is also available in: Italiano

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