The most expensive apartment in Serbia sold for 2 million euros, and a house for 4.8 million New RGS report: 1.7 billion euros spent on real estate in the second quarter.

In the second quarter of this year, 30,548 properties were bought in Serbia. 1.7 billion euros were spent on their purchase, with apartments accounting for the largest share of total real estate transactions, 962.3 million euros, at 58 percent of total transactions. The most expensive house in the second quarter of this year was sold for 4.8 million euros and an apartment for around 2 million euros.

In the second quarter of this year, 127.3 million euros was spent on houses, representing 8.0 percent of the total value of real estate, 113.5 million euros or 7.0 percent on building plots, 94.1 million euros or 6.0 percent on commercial property and 54.4 million euros or 3.0 percent of the total value on agricultural land.

The highest price was set for apartments in Belgrade, where the most expensive square meter was sold at a price of 9,495 euros in the Belgrade on the Water district, while the highest amount spent on an apartment with a total area of 344 square meters was 2,011,273 euros in New Belgrade. The most expensive house in Serbia was sold for 4.8 million euros! The most expensive parking space cost 58,400 euros.

In Belgrade, 871 million euros were spent on real estate in the second quarter, of which 596 million were spent on apartments.

The capital had the most sales transactions - 7,548.

Report of the State Geodetic Institute (RGZ)

he real estate market for this period indicates the stabilization of the real estate market in Serbia after two years of very dynamic growth, which started after the outbreak of the coronavirus pandemic. RGZ notes that inflationary pressures in Serbia and the European Union (EU) are easing, which is also reflected in the real estate market in Serbia. They also point out that the share of the partially regulated market, i.e. real estate transactions that are not registered in the cadastre, continues to grow and accounts for 34 percent of total transactions. In addition to stabilization and reduced activity on the real estate market in Serbia, a moderate increase in apartment prices was recorded in the second quarter of 2023, the State Geodetic Institute reported.

(Source: RGZ, Tanjug)