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Halo effect of "Expa 2027": The price of a square meter in Surčin has already jumped up to 15 percent

February 20, 2024, 10:05 am Euronews
Photo: Wikipedia.org
Should you buy real estate and lots in Surčin now?
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Due to the announcement of the "Expo 2027" project, the prices of square meters in Surcin have already jumped up to 15 percent, but experts predict a weaker growth in the next three years.

Since the "Expo 2027" program appeared, the prices of square meters in Sručin have jumped from seven to 15 percent. Experts say that after that it will grow slowly, one to two percent per year.

"Now the halo effect appears on the market - when something new is announced, people try to sell unrealistically." Until it really starts, until people see that it's being done, there won't be that much demand, there will be more supply," real estate appraiser Milić Đoković told Euronews Serbia.

As an example, he states that the price of a square meter in Jakov is 1.200-1.300 euros, depending on whether the property is close to the highway and the highway, and that it goes up to 1.450 euros.

More business and less residential buildings are in demand.

What are the prices of square meters and plots

On the website 4 walls there are currently close to 500 types of different properties advertised - apartments, houses and lots. Of the total number of advertisements, half refer to the sale of plots in Surčin and the prices range from 2.500 to 20.000 euros per acre.

The average advertised price per square meter of apartments in Surčin on that website is currently 1.722 euros.

In Boljevci, you can buy a duplex in a new building at a price of 1.500 euros per square meter. According to the data 4 walls, one-and-a-half-bedroom and two-and-a-half-bedroom apartments are offered at a price of 1.599 euros per square meter, and a free parking space is provided with the apartment.

The average price of a square meter in Surčin in 2019 was 1.350 euros, in the third quarter of 2020 there was a decline, and the average advertised price then was 1.098 euros.

At the end of 2021, the price of real estate is increasing and the square footage was around 1800 euros, and in 2022, prices have mostly stagnated. In the last quarter of 2023, the average price was 1.790 euros.

Tags:

Real estate market EXPO 2027 Surcin
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