Rising real estate prices noted in New Garden.

The real estate prices in Serbia are rising again. Despite the fact that everyone talks about stabilization, the figures say the opposite. Experts say that sales have slowed down considerably recently, while global sources say that the price decrease will not happen anytime soon, on the contrary, price increases are very likely and expected, reports Blic.

The report for August from nekretnine.rs shows that real estate prices in Belgrade, Novi Sad, Nišu and Kragujevac are rising, while prices in Pančevo and several small towns remain lower. "After 2022, which was an explosive year for the market, followed by 2023, which we can characterize as a challenging year, given all the factors at the global level, primarily the tightening of the''monetary conditions, which has led to an increase in base interest rates, the rise of which affects the economy and the population,' Jelena Davidoviћ, head of the commercial team of the classifieds portal Nekretnine.rs, told Blitz.

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As she explained, market conditions are changing and the ratio of supply and demand is also changing, which leads to certain changes in prices per square meter.

Price per square meter in Novy Sad

The increase in prices per square meter is observed in two areas of our city.

Nový Naselje has registered a slight drop in prices, while prices in Grbavica remain at the same level. The most expensive apartment costs 2,682 euros, which is an increase of 2.48 percent compared to the previous month, and is located in''city center. Podbaru also shows an increase in the average price per square meter by more than 2 percent, and the price was 2.498 euros. Grbavica keeps the price at the same level as in the previous month and the price per square meter is 2.603 euros, while in Novi Naselje the price was 2.075 euros.