An unfortunate match in the real estate market.

The real estate prices are now unrealistic, the offers are becoming more and more, while the demand is decreasing. Therefore, experts predict a significant drop in real estate prices next year. Real estate is becoming increasingly unaffordable for a large number of citizens, especially young ones. The reasons for this are unrealistic prices, high interest rates, increasingly difficult and strict conditions for obtaining credit, as well as the demand from foreign citizens (diaspora) for real estate in our country.

According to experts, prices cannot rise forever. The market moves in cycles that last about seven to eight years, and sooner or later there must be a decline for the market to continue''function. According to some reports, almost half of the demand for real estate is from the diaspora, but it seems to be gradually declining as well. Sellers are still holding prices, and this is evident in the price per square meter, which remains unchanged, and it will take at least six months for it to visibly drop.

There are tens of thousands of empty apartments in Bosnia and Herzegovina, especially in the big cities (Sarajevo, Banja Luka, Mostar, Zenica, Tuzla...).

Thereby, real estate buyers are becoming fewer and fewer, experts in the field say, and, accordingly, the decline in prices per square meter in 2024 is almost inevitable. Its first signs we can see in 3-6 months. I remind you that in the first half of this year the number of purchase and sale agreements in the real estate market