What is the diaspora buying in Serbia?

Perhaps this explains why global turmoil in recent years has failed to affect the domestic real estate market. In recent months, anxiety about the economic crisis has emerged in some European countries, but the domestic real estate market is not giving up.

Agencies say that a significant part of sales in recent months has been made by the foreign diaspora. Usually these are our people who decide to invest their hard earned money abroad in new buildings in Belgrade or buy apartments in Kopaonik, Žlatiboru or in one of the Serbian resorts to be rented out. Real estate is the best investment

Apart from these destinations, our people living abroad are interested in investing in real estate in Fruska Gora, as well as in Požarevac, Šabac and Smederevo. These are mostly localities from which many people left to work abroad, and now the first generation of retirees are returning to their homeland. "The diaspora used to buy mostly in Belgrade on Voda as an investment for renting out, now it is not done in as large a number as it used to be. It is mostly individual cases, there is no mass buying. There are two options: come back here to live in retirement, or buyreal estate to rent out. Most of them are from Canada," says real estate agent Katarina Lazarevic. She notes that those who want to invest their surplus money are looking at what they can rent out at a good price, and mostly choose Belgrade on Voda or apartments in new buildings in Belgrade, as well as apartments in Kopaonik or properties in Žlatibor, where they can hire an agency to handle the renting instead. "They mostly want an apartment in a new building that is furnished, and they don't have a lot of time to look. It is important for them that the apartment has a garage, they are even willing to buy back the furniture if someone has already lived in the apartment. They choose apartments from 70 to 100 square meters.

She notes that those who come from Austria, Germany and other European countries mostly choose Šabac, Smederevo and Požarevac and the surrounding areas from which they left, while those who return to Vojvodina usually already have inherited houses that they renovate and rarely buy new properties.

How much does it cost per square meter in tourist spots?

According to the data of the 4zida portal, the most sought-after apartments in new construction and apartments in the mountains are on Žlatibor and Kopaonik, for which there are also the most advertisements. In addition to these two mountains, potential buyers are also increasingly interested in apartments on Divčibaram and this type of property is also sold on Vrnjačka Baњi. "Divčibare have become in demand in recent years, and the average price of apartments in a new building on this mountain is 1.915 euros per square meter. Exclusive apartments of 26 square meters on Divcibare mountain near the ski slope and the center are sold at a price of 2.259 euros per square meter or about 58.000 euros for these apartments. A new apartment with an area of 54.40 square meters, located on a beautiful location with all infrastructural amenities and consisting of two floors, the so-called duplex apartment, requires an expenditure of 81,600 euros," says Aleksandra Mihajlovic, PR 4zida.

According to this website, the average price of a square meter in new buildings in Žlatibor is 2.040 euros, while in Kopaonik the price is about 1.982 euros per square meter. On Goča a square meter can be bought for half the money. "On Tara, in the village of Vilino sito, an apartment of 42 square meters with two parking spaces is for sale for 40,000 euros. In the center of Mokre Gora you can buy an apartment of 30 square meters for 70.000 euros. In Vrnjacka Baњi the average price per square meter in new buildings is 1.894 euros," says Aleksandra Mihajlović.

Many Serbian citizens living abroad come home to visit relatives and friends during the New Year and Christmas holidays, and often take this opportunity to buy new real estate. Agencies say they do not expect much interest this year, but hope sales will be on par with previous years. This is an archived version of the original page. We apologize if due to technical limitations the page and its contents do not match the original version.