Real estate prices do not stand still, Belgrade “champion”

Real estate prices do not stand still, Belgrade “champion”

Real estate prices in Serbia have jumped this year from five to 20 percent, depending on the microlocation, and due to the general increase in prices, and Belgrade is the “champion” in terms of price per square meter.

That’s what the vice president of the expert council of the Real Estate Cluster of Serbia, Milić Đoković, said for Beta that he expects more intense buying and selling from September.

“In Serbia, apartment prices have risen compared to last year’s average, which was otherwise high compared to the year before. “The prices rose the most in Vojvodina, and Belgrade is the ‘champion’ in terms of the amount of money invested in the purchase and the price of square meters, because the most expensive square meters in Serbia are sold there,” said Đoković.

He estimated that real estate prices have risen due to the increase in the price of everything – Euroinflation, procurement of materials, wage growth, and that they will not calm down, but will go up, unless inflation “calms down”.

“We can’t pretend to be crazy, Euroinflation exists here and everywhere, 1,000 euros now and last year are not worth the same. Last year, the master’s daily wage was around 60-70 euros, and this year it is 80-90 euros,” said Đoković.

He pointed out that from this month he expects more intensive buying and selling in Belgrade, because students are coming, and apartments are being bought to be rented out to them.

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According to him, the prices of apartments in Mirijevo and Jakov rose the most compared to the average price. He said that it is necessary to look at the microlocation, not only by municipalities, but also by settlements.

“In the Old Town, the average price of apartments is between 4,000 and 5,000 euros, and there the price jumps by two or three percent, which is 100 or 200 euros more per square meter, and in Mirijevo, the square meter was around 1,800 euros, and now it is 2,500 euros, and that is a jump of 30 percent,” he explained.

Djokovic stated that in Belgrade you cannot buy an apartment below the price of 2,000 euros per square meter, and up to 10,000 euros.

He pointed out that there is no significant price difference between new construction and old construction, 10 and 20 percent. “The average price of a new building is around 3,000 euros per square meter in Belgrade, while the average price of an old building is 2,300 – 2,400 euros, and that’s 10 to 20 percent,” Djokovic said.

Source: Beta

Photo: Pixabay, BIZLife