Photo: Sava Radovanović/TanjugPrices for renting garages and parking lots in Belgrade range from 50 to 250 euros per month, depending on the location. In Novi Sad, private garages are rented by the hour or by the day
"Garages cost as much as studio apartments", "These 18 square meters are more expensive than studio apartments", are just some of the headlines that explain the data of the Republic Geodetic Institute that in Serbia, one garage in Belgrade on the water was paid as much as 48.000 euros.
Real estate experts say that garages have become a very profitable investment. The first reason is that due to the chronic lack of parking spaces, especially in larger cities, the demand for renting garages is high.
Another reason is that, unlike apartments, garages do not require additional investments. There is no whitewashing, fear of breakdowns, furniture wear and the like. That's why many, especially those who have a certain amount of money, but not enough to buy real estate, decide to invest in buying garages or parking spaces.
Hourly garage
According to "Vreme" from the specialized real estate advertising site "4zida", the largest number of ads for renting out garages and parking lots refers to Belgrade and Novi Sad.
"Currently advertised prices for renting a garage and a parking lot in Belgrade start from 50 euros, which is the amount you need to allocate per month for a garage in Mirijevo, Karaburma, Žarkovo, Vožodovac, for a garage of about 15 square meters. Similar square footage in some locations in New Belgrade ranges from 80 to 100 euros. Prices of course depend on the location. A larger sum should be allocated for a garage in the most attractive locations such as Old Town and Vračar. For example, a garage of 16 square meters is currently being rented out in Strahinjića Bana on Dorćol for 250 euros per month. However, in central city areas, garages are more easily rented out. It's the same with bigger cities as opposed to smaller ones," they say from this website.
The trend of renting out apartments by the day has long been present in Serbia, but now that trend has spread to garages and parking spaces as well.
"It is interesting that in Novi Sad, garages can be rented by the hour or by the day to those who, for example, go to the gym or to a meeting and do not want to waste time looking for a parking space." At the price of 10 euros per day, a garage is rented out at the Telep location in Novi Sad. This indicates that the problems with parking will not be solved so quickly, especially in Belgrade and Novi Sad, which is why it is predicted that the prices of garages and parking spaces will continue to rise. It is assumed that the demand for garages will continue to increase in the coming years, as well as that their values will increase," the 4.zida website explains.
Garage prices in Belgrade range from 800 euros per square meter to more than 2000 euros, depending on the location. The prices are similar in Novi Sad.
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