Russians in Serbia invested 180 million euros in purchasing apartments.

In recent months, there has been a significant increase in interest from foreign investors in the real estate market in Serbia, which is clearly evidenced by data showing that the share of buyers from abroad has risen to 5%. The purchase of apartments by Russian citizens in the capital has become particularly noticeable, and there is also activity in the real estate market in Niš. Over the past five weeks, the number of signed purchase and sale contracts has consistently grown, highlighting the attractiveness of the Serbian market for foreign clients.

Despite the common trends of falling housing prices in European Union countries, the situation in Serbia looks completely different. By the end of 2023, property prices in the eurozone decreased by 1.1%, while the EU itself saw a slight increase of 0.2% compared to the same period last year.

Moreover, there is no slowdown in the trend of rising real estate prices in the country, and even in the last months of the previous year, an increase was recorded. As of the beginning of 2023, housing in Serbia continues to be a sought-after and valuable asset.

Housing rental in Belgrade

When it comes to renting housing in Belgrade, tenants often choose between two main options: long-term rental or short-term rental, for which many turn to various platforms and agencies. These two methods of renting are the most popular among those looking for accommodation in the capital.

New project in the real estate sector

Against this backdrop, the entrepreneur, son of Ivica Todorić, recently announced the launch of a new real estate project in Belgrade, which involves the sale of land along the Sava River.

Export of textile products

In another area of the economy, Serbia has demonstrated significant growth in textile exports, which reached 9.7 billion euros in the first four months of this year, an increase of 1.4% compared to the same period in 2023. These figures confirm the country's positive achievements in international trade.

Inflation and the Economic Future

Inflation, which had been putting pressure on the economy for a long time, finally returned to acceptable levels in May 2024, standing at 4.5% year-on-year, the best figure since 2021. This gives hope for a more stable economic future.

Competition and technology

On the other hand, many are wondering whether the innovations introduced by companies like OpenAI and Apple could signal the beginning of problems for Google. After Apple's annual conference, there was a small but still positive reaction from investors regarding the changes in the company.

The situation in the European stock markets after the recent election results is also quite intriguing. Although the outcomes were not a surprise to experts, the stock indices are responding to this political instability with caution and ambiguity.

Moreover, more and more experts are stating that the Adriatic region has a high level of competitiveness in the development of blockchain technologies, which offer unique solutions. With the help of smart contracts, it is possible to significantly reduce costs, speed up transactions, and minimize risks.

At the moment, it is clear that the Serbian real estate market and other sectors of the economy continue to develop, despite fluctuations in international markets and changes in the overall economic situation in Europe.