In Serbia, the second quarter of this year saw the highest apartment prices recorded in Belgrade, with the most expensive unit selling for €9,125 per square meter in the Belgrade Waterfront area. A 145-square-meter apartment at this location fetched a total of €955,000. Additionally, the priciest house was sold in the Savski Venac municipality for €1.5 million, while the most expensive parking space went for €60,000, as reported by the Republic Geodetic Institute.
During this quarter, 30,837 real estate sales contracts were recorded, marking a 0.6% increase compared to the same period last year, with a total turnover of €1.8 billion—an 8.2% rise from the second quarter of 2023. Out of this amount, €446.4 million came from the partially regulated market.
Apartments constituted the largest segment of the total turnover, accounting for €979.5 million, or 56% of the total value traded. The breakdown of the turnover includes:
- €150.2 million (9%) for houses
- €147.2 million (8%) for construction land
- €77 million (4%) for business premises
- €52.5 million (3%) for agricultural land
Interestingly, 10% of all real estate transactions were financed through loans, a three-percentage-point increase from the previous year. Specifically, 23% of apartment purchases were made using credit, up from 16.5% in the same period last year.
The report highlights significant increases in sales contracts in several cities compared to last year, including Novi Sad (22.5%), Kragujevac (22.9%) and Niš (15.6%). In Belgrade, however, there was a slight decline of 1.1%. Overall, €555.6 million was allocated for apartment purchases in the capital during the second quarter.
Notary Public Mirjana Simović Aleksić from Novi Sad submitted the highest number of sales contracts in this quarter, totaling 523 contracts worth €49.7 million. In contrast, Public Notary Srbislav Cvejić from Belgrade’s First Basic Court recorded the highest value with contracts amounting to €69 million through 459 transactions.
Regarding the partially regulated real estate market, Cvejić’s office again led with around €35.1 million in funds and the most submitted contracts—239 for the second quarter.
This report on the state of the real estate market by RGZ is based on data from the Real Estate Price Register and provides comprehensive insight into Serbia’s real estate landscape.
