Analysis of apartment prices in the capitals of the former Yugoslavia

In previous years, real estate prices rose in all countries of the region. Despite the rise in real estate prices in Sarajevo, they are still much more favorable than in most other capitals of the former Yugoslavia. The average price per square meter in Sarajevo in 2021 was about 1,250 euros, while the most expensive square meter cost about 3,065 euros. With these prices, Sarajevo has earned the "title" of the most expensive city in Bosnia and Herzegovina (BiH), and according to Sarajevo real estate agents, buyers primarily choose new buildings, and the factors influencing the choice of apartment are location, the number of floors in the building, and the availability of parking.

Belgrade: 2 500 euros per square meter.

In Serbia, you need to allocate significant amounts of money if you want to become a real estate owner in Belgrade. According to a report by the Serbian Geodesic Institute, the most expensive square meters are sold in the municipality of Savski Venac Belgrade, where the average price per square meter is 3,328 euros.

Montenegro: 1,219 euros per square meter.

Montenegro is another of the countries that could not resist the trend of rising real estate prices. According to the Statistical Office of Montenegro (MONSTAT), the average price per square meter in Montenegro in the first quarter of 2021 was 1,219 euros, an increase of 29.7 percent compared to the beginning of the previous year.

Zagreb: 1,886 euros per square meter.

The average price of apartments in new buildings in Zagreb in the first half of 2021 was 1,886 euros per square meter, while in other parts of the country the price was slightly lower at 1,648 euros, according to the Croatian Statistical Office. In addition to location, appearance and quality of construction, many other factors influence the difference in apartment prices, such as the state of the labor market, the level of interest rates on loans, the ratio of supply and demand, and the general economy of the country.

Ljubljana: €3,000.

Slovenia has had a real estate shortage problem for decades, and according to Slovenian real estate agents, there is a shortage of more affordable apartments - with prices around 3,000 euros - that more citizens would be able to afford. According to the Statistical Office of the Republic of Slovenia (SURS), real estate prices in Slovenia "soared" by 4.5 percent in the second quarter of 2020 compared to the first quarter. According to SURS, the price per square meter exceeded €2,900 for the first time in 2020. In contrast to Ljubljana, prices in other, smaller places are more favorable and average around 2,000 euros per square meter.