The real estate market in Serbia experienced significant growth in the fourth quarter of 2024 compared to the same period in 2023. The total market value increased by 26.7%, while the number of transactions rose by 8%.
A total of 34,834 sales contracts were signed, marking the highest quarterly activity in the past two years.
Apartments dominated the market, accounting for 57% of the total turnover, with sales valued at €1.3 billion. Other notable segments included houses (€167.9 million or 8%), construction land (€163 million or 7%), business premises (€108 million or 5%), and agricultural land (€73.4 million or 3%).
Regarding financing, 11% of real estate purchases were made through loans, up by 4 percentage points from the previous year. Loans were most commonly used for apartment purchases, representing 24% of such transactions, an increase from 17% in the same quarter last year.
The number of sales contracts grew significantly in several key cities: Niš (43.6%), Novi Sad (24.9%), Kragujevac (20.1%), and Belgrade (15.5%).
