Where to buy square meters up to 2,000 euros in Belgrade: affordable options for an economical purchase

The periphery of Belgrade has always been considered a more affordable option for buying apartments, and although even here prices have increased significantly compared to a few years ago, in the outskirts of the city it is still possible to find properties below 2,000 euros per square meter in both old and new buildings.

Prices per square meter on the outskirts and in more remote areas have remained virtually unchanged this year, while last year prices rose by 10 percent on average.

The most attractive places to buy apartments in the suburbs:

• Mirievo
• Surchin
• Vozhdovtsa
• Krniacha

After receiving candidacy for Expo 2027 and plans to build a national stadium in Surcin, the demand for apartments has soared at some points, as prices per square meter are expected to rise in this part of Belgrade, says Miloš Mitic, executive director of the agency City Expert.

In Surčin, prices per square meter in new buildings range from 1,500 to 1,700 euros, while apartments in old buildings are currently cheaper by 100-200 euros. A square meter in the more remote areas of Surcin is 200 euros cheaper than the average.

Besides Surcin, Mirijevo is very popular, as well as Krnjača and Borca. In Mirijevo, the price per square meter in new buildings varies from 1,600 to 1,850 euros, depending on the material of the building and additional amenities in the buildings, while a square meter is cheaper by about 100 euros in older buildings.

"Krnjača and Borča are also very popular because of the low cost per square meter. In Krnjača, prices per square meter in new buildings that are closer to the Pančevac Bridge are between 1,500 and 1,600 euros, while in Borča, which now has all the necessary infrastructure, a square meter costs between 1,500 and 1,600, sometimes even 1,650 euros," Mitić said.

He said that the price per square meter in areas closer to the city depends from district to district and starts from 2,200 euros and higher.

"If we talk about the outskirts of the city, these are credit buyers who have been most affected by the current economic situation because of the euroboro and rising interest rates, so the demand has dropped a lot because they are mostly financed with mortgages," Mitic said.

In connection with a study that was recently published on the portal Nekretnine. rs that Belgrade recorded the biggest decrease in prices per square meter of 7.7 percent in the Palilula district, while on New Belgrade a square meter is cheaper by 2.27 percent, and when asked what the decrease in prices per square meter in any part of the city depends on, real estate appraiser Milic Djokovic says for Euronews Serbia that on Palilula the prices per square meter decreased due to the consideration of the left part of Palilula specifically.

"This is Borca and Krnjača. It's not very nice there in the spring because of the various floods, mosquitoes and decreased demand for apartments in that part. Therefore, statistics show a decrease in the price of Palilule. However, the price of an older development on Palilula has increased by 12 percent. The price of new buildings has fallen, the price of old buildings has risen," Djokovic said.

He also said that the real estate market in Serbia is stabilizing, but property prices are not falling.

"Supply is gradually meeting demand, as there are still more buyers than real estate. The latest data from the real estate market shows stagnation or slight decrease in the price per square meter in some cities in Serbia.

Prices per square meter in other districts:

In Vishnicka Banja, the price per square meter is around 1,600 in new buildings, while parts of the area closer to the city require an allocation of 1,800 to 1,900 euros in some premium standard buildings.

In Zheleznik and more remote parts of Zharkov, the price per square meter ranges from 1,700 to 1,800 euros.

Zheleznik is cheaper, the price per square meter is at the level of Mirievo. While in Mirijevo the average price is 1,700 and 1,800 euros, in Železnik the price per square meter is 100-200 euros lower, depending on the building, material and additional amenities," Mitic said.

In Rakovica, the price per square meter in new buildings can range from 1,800 to 1,900 euros.

"The price per square meter in Batajnica has been increasing in the last couple of years, and there prices can reach 1,800 euros, while the average price is slightly lower," Mitic said.

The price per square meter in the more remote parts of Vojdovac is around 1,900, while in Jajinci from 1,700 to 1,800 euros plus VAT.

"Location itself limits the price per square meter. "Mitic said that this year there has been a 20-25 percent drop in the number of sales transactions.

"This year prices have been mostly stagnant, there was an increase last year and before, so on average the price per square meter increased by 10 percent last year compared to the previous period. There has been stagnation this year, there are exceptions where certain buildings are more expensive and above average market prices, but I would say that this year the prices per square meter on the outskirts of the city have not increased," says Mitic.

The price per square meter can also increase due to the appearance of the building, choice of materials, facade, additional amenities, and Mitic explains that the price per square meter is also influenced by the presence of stores around the building and the presence of a swimming pool.

"Some popular residential complexes contain all this, which increases the price significantly. It also depends on the location. We can look at Mirijevo as part of Zvezdara, and then we can look at Mirijevo into new microlocations, where is the building, is there a kindergarten, a school, a store, all the things that are necessary for daily activities. This additionally increases the price of the building itself, all of which are factors that, when considered together, strongly influence the price," Mitić said and added that buildings up to six floors are mostly built on the outskirts.

He explained that the location itself limits the price per square meter, and even in the same building not all apartments have the same price.

"I think that until the end of the year the market will remain stagnant, there will be no significant decline or growth. Given the decline in demand for some time, I expect some stagnation in prices this year, even some slight decline during this year, and starting from next spring a gradual economic recovery will begin, which in turn will lead to an increase in demand for real estate, and the curve will start to recover," Mitic concluded.