For real estate purchases in Serbia in the fourth quarter of last year, 1.7 billion euros were spent, which is 40 percent more compared to the fourth quarter of 2019 (pre-pandemic) and 22 percent less compared to the same quarter of the previous year, announced the Republic Geodetic Institute on Thursday.
Out of the total of 1.7 billion euros, 534.1 million euros come from a partially regulated market, as reported by Beta.
The number of real estate transactions in the property market in the fourth quarter of 2023 amounted to 32,069, which is 6.7 percent higher compared to the same quarter in 2019 but 14.3 percent lower than in the fourth quarter of the previous year.
The largest share in the total real estate turnover is the sale of apartments (871.5 million euros), accounting for 51 percent of the total transaction value, which is four percentage points lower than in the fourth quarter of 2022.
For houses, 134.1 million euros were spent (eight percent of the total value), for building land 131 million euros (eight percent), for commercial spaces 100.7 million euros (six percent), and for agricultural land 80 million euros (five percent).
Of all sold properties, seven percent were paid through loans, which is two percentage points less than the previous year.
In Belgrade, 493.2 million euros were spent on apartments, and this corresponds to the majority of the 7,237 purchase and sale contracts.
The highest prices for apartments were achieved in Belgrade, where the most expensive apartment was sold in the municipality of Vračar for the price of 1,540,000 euros, making it also the most expensive per square meter in the fourth quarter.
The most expensive house was sold in the Belgrade municipality of Savski venac for 1,900,000 euros.
The highest-priced parking space in the fourth quarter was 63,000 euros in the Belgrade municipality of Stari grad, while the highest price for commercial space was 7,820,000 euros and was paid in the municipality of Palilula in Belgrade.
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