The value of Serbia’s real estate market in 2024 reached €7.4 billion, marking a 15% increase compared to 2023, the Republic Geodetic Institute (RGZ) reported.
A total of 126,787 sales contracts were signed, 4.2% more than the previous year.
The regulated market dominated, accounting for 75% of the total sales value (€5.6 billion) and 86% of all contracts (109,444). Its turnover value increased by €1.2 billion from 2023, with its market share rising by 7%.
The Basic Court in Novi Sad recorded the highest number of contracts on the regulated market (9,208), while the First Basic Court in Belgrade had the highest sales value, approximately €965 million.
The partially regulated market represented 25% of total value (€1.8 billion) and 14% of contracts (17,385). However, this segment saw its first-ever decline, with turnover down 7% and contracts down 1% compared to 2023.
Within this segment, the First Basic Court in Belgrade led both in contract number (1,660) and value (€293 million), representing one-third of the partially regulated market.
The RGZ noted that the stable growth in the regulated segment reflects positive effects of measures enhancing legal security and transaction efficiency in Serbia’s real estate market.
