According to the data of the Republic Institute of Statistics, turnover apartments in the third quarter of this year, it was a total of 1,1 billion euros, i.e. 11,4 percent more than in the same period last year.
The largest growth in apartment sales in the third quarter was achieved in the region of Southern and Eastern Serbia, where trade grew by 6,9 percent. Right behind is the City Beograd with a growth of 1,4 percent, with the fact that the value of sales in the capital is higher by 9,8 percent compared to the same period last year.
In the region of Vojvodina, there was a decrease in the sale of apartments by 2 percent, but also an increase in the value of turnover by 9,1 percent.
Šumadija and Western Serbia recorded a decrease in apartment sales of 1,3 percent and an increase in the value of sales by 12,1 percent, RGZ announced.
Prices continue to rise.
When it comes to apartment prices, compared to the third quarter of 2024, they increased in the region of the City of Belgrade by 6,55 percent (which is also the highest compared to other regions in Serbia) and in Vojvodina by 6,26 percent.
In the region of South and East Serbia, according to the data of RGZ, the year-on-year rate of price growth slowed to 5,49 percent, and in Šumadija and West Serbia by 4,62 percent.
At the level of Serbia, year-on-year prices of apartments in "old construction" increased by 6,04 percent, while "new construction", i.e., purchases from investors, had a year-on-year growth of 5,92 percent.
Where do people get their money from?
The average salary in Serbia for October 2025 was only 110.670 dinars, according to the data of the Republic Institute of Statistics.
The overwhelmingly dominant form of payment on the real estate market in Serbia is cash payment. According to the RGZ Regulated Market Report for 2024, as much as 90 percent of total transactions were made with cash, which indicates that real estate trading is often done outside of regulations.