The price of a square meter of an apartment in the region – Serbia, Bosnia and Herzegovina and Croatia – ranges from 221 euros, which is recorded in the undeveloped municipality of Bojnik in the south of Serbia, to 12,000 euros, which is requested for a square meter of an apartment in a Zagreb classifieds.
The most expensive square meter in Serbia this year was sold in a new building, in the location Belgrade Waterfront at a price of 11,474 euros. However, such apartments are hard to find in real estate ads.
Usual prices in the Serbian capital range from around 1,300 euros to around 3,619 euros, according to data from the online classifieds website 4zida.rs.
But let’s go in order.
Prices in the main cities
According to ads from the region, the most expensive square footage of an apartment is in the capital of Croatia – prices in Zagreb range up to 12,000 euros.
It is followed by Bosnia and Herzegovina, where the price per square meter in Sarajevo is 4,690.2 euros, and then Serbia, with the price per square meter in Belgrade reaching 3,619 euros (according to the advertisement, although there were also more expensive sales where the square meter is still cheaper than Zagreb’s 12,000 euros).
The second largest city
When it comes to the prices of a square meter in the second largest city in the country, Croatia leads the price here as well – a square meter in a new building in Split goes up to 7,900 euros.
It Is followed by Serbia, where prices in Novi Sad go up to 3,556 euros, and then BiH, where a square meter apartment in Banja Luka costs 3,257.40 euros.
The municipality of Bojnik is one of a total of 19 least developed municipalities in Serbia, which according to official statistics has the lowest average salary in the whole country (467 euros).
In this city, during 2023, only one purchase and sale of an apartment was recorded, according to the register of the Republic Geodetic Institute – it is a 43-square-meter apartment that changed hands at a price of 9,500 euros, which means that the value of a square meter was only – 221 euros.
When it comes to Bosnia and Herzegovina, the city of Stolac belongs to the less developed part of the country. According to the ads, one two-room apartment of 70 square meters is for sale, for which the seller is asking 71,866.04 euros, which is 1,026 euros per square meter.
Out of 21 counties in Croatia, Vukovarsko-Sremska, where the town of Vinkovci is located, is among the last in terms of average salary. The price per square meter of an apartment in Vinkovci is 1,700 euros.
How much are the rents?
When it comes to renting an apartment, data on renting real estate in cities in underdeveloped areas is almost non-existent – neither for Bojnik, nor for Stolac, while in Vinkovci one apartment of 62 square meters is offered for rent at a price of – 300 euros.
Data by country
SERBIA
The capital – BELGRADE
Average salary: 102,707 dinars – 876 euros
Price per square meter of the apartment according to ads:
In old buildings from €1,493 / m2 to €3,382 / m2
In new construction from €1,305 / m2 to €3,619 / m2
Apartment rental price:
Studio apartment €281
One and a half bedroom apartment €463
Two-room apartment €704
Two-and-a-half-bedroom apartment €671
The second largest city – NOVI SAD
Average salary: 97,511 dinars – 832 euros
Price per square meter of the apartment according to ads:
In old buildings from €1,620 / m2 to €2,846 / m2
In new buildings from €837 / m2 to €3,556 / m2
Apartment rental price:
Studio apartment €254
One bedroom apartment €288
One and a half bedroom apartment €416
Two-room apartment €445
Two-and-a-half-bedroom apartment €575
Undeveloped part of the country – BOJNIK
Average salary: 54,729 dinars – 467 euros
Price per square meter of an apartment: only one apartment traded this year, according to the RGZ register, of 43 square meters at a price of 9,500 euros, which gives a price per square meter of 221 euros.
Croatia
The capital – ZAGREB
Average net salary: 1,256 euros
Price per square meter of the apartment according to ads:
In old buildings from €1,750 / m2 to €4,900 / m2
In new buildings from €2,200 / m2 to €12,000 / m2
Apartment rental price:
Studio apartment €450
One bedroom apartment €550
Two-room apartment €670
Three-room apartment €750
The second largest city – SPLIT
Average salary in Split-Dalmatia County for 2021: 852 euros
Price per square meter of the apartment according to ads:
In old buildings from €1,900 / m2 to €4,900 / m2
In new buildings from 3,100 / m2 to 7,900 € / m2
Apartment rental price:
Studio apartment €460
One bedroom apartment €700
Two-room apartment €850
Three-room apartment €1,000
A less developed part of the country – VINKOVCI
Average salary in Vukovar-Srem County for 2021: 814 euros
Price per square meter of the apartment: from €714 / m2 to €1,700 / m2
Apartment rental price: only one apartment is rented through the Njuškalo.hr website in Vinkovci, and it is a 62-square-meter apartment that is rented at a price of 300 euros.
(Source of data for Croatia: advertising portal Njuskalo.hr, DZS, official website of the City of Zagreb)
BiH
The capital city – SARAJEVO
Average salary in FBiH: 1,193 KM – 611.68 euros
Price per square meter of the apartment according to ads:
In old buildings from 1,445 KM – 740.37 EUR / m2 to 9,154 KM – 4,690.20 EUR / m2
In new construction from 2,150 KM – 1,102.21 EUR / m2 to 7,000 KM – 3,588.60 / m2
Apartment rental price:
Studio apartment 542 KM – 277.86 EUR
One and a half bedroom apartment 613 KM – 314.26 EUR
Two-room apartment 847 KM – 434.22 EUR
Three-room apartment 1,406 – 720.80 EUR
The second largest city – BANJA LUKA
Average salary: 1,258 KM – 644.92 EUR
Price per square meter of the apartment according to ads:
In old buildings from 769 KM – 394.23 EUR / m2 to 5.217 KM – 2.675.36 EUR / m2
In new construction from 1,609 KM – 825.12 EUR / m2 to 6,352 KM – 3,257.40 EUR / m2
Apartment rental price:
Studio apartment 413 KM – 211.79 EUR
One-room apartment 610 KM – 312.82 EUR
Two-room apartment 651 KM – 334.18 EUR
Two-and-a-half-bedroom apartment 806 KM – 413.74 EUR
Undeveloped part of the country – STOLAC
One two-room apartment of 70 m2 is for sale, at a price of 140,000 KM – 71,866.04 EUR.
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