Apartment prices are rising inexorably

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The housing price index in Serbia in the third quarter of 2022 is 138.08 and shows the growth in housing prices that has been going on for the whole year, the Republic Geodetic Institute announced.

The regions of Vojvodina and the city of Belgrade lead in terms of price growth, but as in the previous few quarters, the strongest price growth is in the region of southern and eastern Serbia.

The number of apartments sold in the third quarter of 2022 is 5.6 percent lower compared to the same period in 2021, which indicates a “calming down” of the market.

Apartment prices are rising

Considering that prices are still growing strongly, the total value of the market measured by the sum of realized sales of apartments is still increasing by 12 percent compared to the third quarter of 2021.

This picture represents a noticeable slowdown in market growth, given that the total value of apartment sales in the previous quarter was higher by as much as 26.1 percent compared to the same period last year.

The year-on-year decline in the number of sales of apartments financed by bank loans contributes to this trend.

In the previous period, in international comparisons, the housing price index in Serbia had an increasing trend, as did a large number of countries, BizLife reports.

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