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Serbia’s construction sector expands on public investment momentum, but execution risks and financing frictions reshape project economics

Serbia’s construction sector remains one of the central transmission mechanisms of economic growth, but the latest Q4 2025 insights from the Serbian Chamber of Commerce...

Construction sector accounts for 5% of GDP as pressure grows for green building transition

Serbia’s construction sector, accounting for roughly 5% of national GDP, has emerged as one of the most visible transmission channels through which macroeconomic policy, capital...

Cycle turns down: Financial performance of Serbia’s construction and real estate sector in 2025

Construction and real estate were the weakest-performing sectors in Serbia in 2025. After several years of expansion, activity contracted sharply as financing costs rose,...

Construction sector shifts from expansion to consolidation as higher interest rates reshape project economics

Serbia’s construction sector, which has been one of the economy’s most powerful engines for nearly a decade, is transitioning from an expansionary phase to...

Construction slowdown in Belgrade and Novi Sad: Investors pull back as costs rise

Serbia’s construction sector, long celebrated as one of the key drivers of the country’s growth narrative, is now showing signs of a pronounced slowdown....

Works oversight, compliance and conformity: How technical and financial governance, define sustainable project delivery

Construction is no longer judged only by the concrete poured or steel erected. It is now a multidisciplinary process of assurance, where every cubic meter,...

Serbia sees steady growth in construction sector, with Belgrade leading the way

Serbia's construction sector continues to thrive, with Belgrade remaining the largest construction hub in the country. Housing and infrastructure investments are increasing across the...

Labor shortage in construction sector likely to drive up housing prices in Serbia

The construction sector is facing a labor shortage, with high demand for craftsmen such as painters, insulators and those specializing in finishing works like...

Serbia’s economic growth and construction sector

Serbia's GDP has surged by 26.5% over recent years, significantly outpacing the EU's 10.2% increase. Projections for this year suggest Serbia’s GDP will grow...

May 2024 construction data: EU sector slows while Serbia’s market grows

In May 2024, seasonally adjusted construction production declined by 0.9 percent in the Eurozone and 1 percent in the EU, according to preliminary estimates...

Challenges in legalizing illegal buildings in Serbia: Progress and obstacles

Serbia has been grappling with the issue of illegal buildings for decades, with most of these structures concentrated in Belgrade. Legalizing these buildings requires...

Serbia sees 2.4% increase in construction permits in May 2024

In May 2024, Serbia issued 2,461 construction permits, marking a 2.4 percent increase compared to May 2023, according to the Republic Statistical Office (RZS). Of...

El Sevedi’s interest in Serbian investments signals potential economic boost

"El Sevedi Company, which has built the entire new Cairo, has expressed interest in significant investments in Serbia and partnerships with companies in the...

Foreign investments reshape Serbia’s economic landscape: Focus on industry, construction and real estate

Foreign investment trends in Serbia have undergone notable shifts, primarily favoring sectors like processing industries, construction, real estate and mining over recent years. This...
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