Apartment prices in Serbia: published data on the current situation

In the fourth quarter of 2023, the annual growth rate of housing prices for the Republic of Serbia amounted to 5.75%. Looking at the quarterly growth rates, price stabilization was noted, i.e. a slight increase. Despite the slowdown in activity, the real estate market in Serbia shows signs of stability, indicating a gradual stabilization of real estate prices.

Based on the RGZ house price index for the fourth quarter of 2023, the old residential sector in Serbia marks an annual price increase of 5.93%, while the new-build sector (purchase from a developer) shows an annual price increase of 5.41%.

After a significant post-pandemic increase in the number of transactions, there is a downward trend in condo transactions in 2023 compared to the previous two years.

The total value of apartments sold in the fourth quarter of 2023 amounted to €870 million, compared to €1,219 million in the same period of 2022.

According to the indices published by Eurostat for the third quarter of 2023, 10 out of 27 European countries saw a decrease in real estate prices compared to a year earlier (maximum decrease of -13.63% in Luxembourg, followed by -10.23% in Germany, -6.98% in Finland, -4.23% in Sweden and -3.77% in the Netherlands). The European Union Price Index, which includes 27 countries, recorded a slight decrease in prices for the second consecutive quarter.

Croatia had the highest price growth in the EU and marks a double-digit annual growth of 10.87%, but it is still lower compared to previous quarters. In the region, the third quarter also saw annual price increases in Bulgaria at 9.20%, Slovenia at 5.71%, Romania at 4.76% and Hungary at 1.48%.

This is an archived version of the original page. We apologize if, due to technical limitations, the page and its content do not match the original version.