How are real estate prices changing in Europe and in Belgrade?

In Munich, one of the most popular cities in Germany, buyers of new buildings paid an average of 10,500 euros per square meter last year, while in the French capital Paris, one of the most romantic cities, the price was 13,000 euros.

Buying real estate is a real challenge for everyone, especially due to the prices that have fluctuated significantly in recent years, and in some countries, have even risen sharply. According to the latest data, in one of the European capitals, you now need to pay up to 13,000 euros for real estate, while in Belgrade, the prices are lower than these values.

In Munich, one of the most popular cities in Germany, buyers of new properties paid an average of 10,500 euros per square meter last year, while in the French capital, Paris, the price was 13,000 euros. London, Oslo, and Frankfurt are slightly cheaper, with an average price of 8,400 euros per square meter. In Amsterdam, a city that is becoming increasingly popular for living, the price per square meter is 7,600 euros, and in Copenhagen, it is 7,300 euros. In Hamburg, the sixth largest city in the European Union, buyers paid 6,900 euros, while in Berlin, it was 400 euros less, at 6,500 euros per square meter of living space.

On the other hand, Bulgaria is attracting more and more foreign investors and real estate buyers due to its affordability, natural beauty, and diverse opportunities. Therefore, in the Bulgarian cities of Varna and Burgas, real estate is the most affordable, where a new apartment can be purchased for an average of 900 euros per square meter.

What is the situation in Belgrade?

Data from the Republican Geodetic Authority (RGZ) regarding the real estate market for the third quarter of 2023 shows that the market in the Republic of Serbia continues to stabilize and decline after two years of sharp growth that followed the outbreak of the coronavirus pandemic. The city of Belgrade recorded the highest number of transactions - 6,316 sales.