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

Apartment rental prices have risen in Belgrade after the easing of pandemic measures.

This upward trend has continued since February of this year. Real estate experts say demand for apartments has increased with the easing of measures and the highest prices have been recorded in March so far this year. Today, to rent an apartment in Belgrade, you need between 200 and 1000 euros.

The rent varies depending on what part of the city you want to live in. The closer you are to the city center and the more urbanized the places, the more expensive the rent. The price increase is higher if the part of the city you want to live in has a children’s playground, kindergarten, market, garage, parking lot or other amenities.

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

The most expensive to rent are undoubtedly the apartments in the city center, where the average salary of Serbs should be set aside to pay the rent. A studio in Belgrade Waterfront ranges from 450 to 500 euros per month to rent.

Larger apartments cost two or three times as much. The rent for this type of apartment in Zemun is around 500 euros and in Novi Beograd 600 euros, with the exception of block A, where the rent price ranges from 900 to 1000 euros.

Renting an apartment in an old building in Vracar costs between 600 and 700 euros, in the most developed part, 700 to 900 euros.

The increase in rental prices was certainly influenced by the recovery of the economy and the improvement of the epidemiological situation in Serbia, considering that rental prices were twice as low in the midst of the coronavirus pandemic. This was mainly because the employees were working from home or traveling to the countryside, so they canceled their rented apartments.

The average salary in Serbia is around 60,000 dinars. A married couple with two incomes usually earns around $ 1,000, and with the bills and everything, there’s not much left.

In Novi Sad, the rent is a little cheaper than in Belgrade while in Niš, it has fallen from 150-200 euros to 300-400 euros. In this city, if you want to buy an apartment, you should expect between 900 and 1,000 euros per square meter, according to the latest data.

Real estate experts predict that the rental price of small apartments will increase when students return to school from September, as there will be higher demand which will determine rental prices.

(Mondo, 07/18.2021)


This article is also available in: Italiano

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