Property Abroad
Blog
€80,000 for real estate in Belgrade? The family raised the money, but no one even knocked down the price by a euro.

€80,000 for real estate in Belgrade? The family raised the money, but no one even knocked down the price by a euro.

€80,000 for real estate in Belgrade? The family raised the money, but no one even knocked down the price by a euro.

In the New Belgrade group on Facebook, there was a post: "Maybe someone is selling an apartment or knows someone who is selling an apartment in the area of 45/44/70/70a for 80,000 euros for a young family of four with infants." However, the responses they received were not encouraging for them.

As the author of the ad, who wishes to remain anonymous, says, they earned their money "honestly, on their own, without inheritances, selling land, or legacies. They would buy an apartment on credit."

However, as the commentator points out, they couldn't find anything at a reasonable price: "I tried to buy the smallest apartment in a four-story building last year; the apartment needed a complete renovation and cost 120,000 euros, but no one wanted to lower the price even by a euro. I know a lot of people in these areas and couldn't find anything at a reasonable price. So the answer to your question is - no."

Other comments were also not encouraging, indicating that it's hard to find real estate in these areas for that kind of money, and that apartments are more expensive. One commenter points out that the nearest areas where you can find something for that price are Ledine, but there’s nothing available in the blocks since they are mostly bought for rental purposes.

Thus, the journalists of Telegraf Biznis tried to find at least one such apartment and conducted their own research. The search was limited to finding a three-room apartment in Belgrade for no more than 80,000 euros.

Recommended real estate
Buy in Serbia for 119664£

Sale house in Kragujevac 150 776,00 $

4 Bedrooms

2 Bathrooms

162 м²

Rent in Serbia for 800€

Rent flat in Belgrade 840,00 $

3 Bedrooms

2 Bathrooms

122 м²

Rent in Serbia for 200€

Rent flat in Belgrade 210,00 $

3 Bedrooms

2 Bathrooms

64 м²

Rent in Serbia for 500€

Rent flat in Belgrade 525,00 $

3 Bedrooms

2 Bathrooms

84 м²

Buy in Serbia for 162708£

Sale flat in Belgrade 205 012,00 $

3 Bedrooms

1 Bathroom

85 м²

Buy in Serbia for 900€

Sale flat in Belgrade 945,00 $

2 Bedrooms

1 Bathroom

62 м²

On one real estate sales portal, 75 listings were found. Although they are not located in the city center, apartments can be found in Rakovica, Barajevo, Palilula, and Zemun. Most of these are renovated or well-maintained apartments. For example, for 79,000 euros, you can buy a three-room apartment with an area of 60 square meters in Višnjica. Or for the same price, but with an area of 20 square meters more, in Kalugerica. In Zemun, on Retenzija Street, a three-room apartment with an area of 44 square meters is for sale for 79,000 euros.

Experts claim that there is finally a "cooling" of prices in the real estate market in Serbia. Time will tell how true this is.

Comment