The prices of real estate in Belgrade have been growing rapidly since 2000, and they are currently at their all-time high.
Experts say that the main reason is that the demand far exceeds the supply. The dynamic growth is also apparent from the data of the Statistical Office of the Republic of Serbia.
The prices of apartments in new buildings increased by 12.8% in 2018 compared to 2017, whereas the prices in Belgrade increased by 14.7%.
Prices per square meter range from EUR 1,600 for old apartments, which require renovation, to EUR 4,500 for apartments in the city center. It’s similar in Dedinje and Senjak, where luxurious new apartments are sold for EUR 5,000 per square meter.
When it comes to the cities of the region, Belgrade has surpassed Sarajevo, Skopje and Zagreb and is getting closer to major world cities.
The growth of the GDP, affordable housing loans and an increasing influx of populace from other parts of Serbia have caused the prices to jump.
In addition to purchasers from Serbia, people from Bosnia and Herzegovina, Republika Srpska, China and Russia are also interested in apartments in Belgrade.