'Real estate prices rise by up to 27%: cost per square meter in the EU and Serbia. Price to earnings ratio.'

The real estate prices in Serbia continue to rise despite the wage situation in the country. In the first half of 2022, the price per square meter of housing in new buildings reached an average value of 1.713 euros, which is 11.7% higher than in the first half of 2021.

The most expensive apartments are in Belgrade, where the average price per square meter is 2.475 euros.

According to Eurostat, house prices in the European Union are also rising. In the second quarter of 2022, apartment prices increased by an average of 9.9% year-on-year. However, analysts predict a slowdown in growth and even a fall in real estate prices due to rising interest rates and economic recession.

Citizens of Serbia also''it is difficult to buy housing, despite its lower cost compared to other European countries.

The study of the housing market also showed that the most expensive cities in Europe are Paris, Munich and London, while the cheapest are Bosnia and Herzegovina. There is speculation of a decline in real estate prices in Europe in the coming years due to rising interest rates and inflation. Serbia has also seen a slowdown in house price growth, although they still increased by 13% year-over-year in the third quarter of 2022.