The most expensive apartment in Serbia in the first quarter of this year was sold in the municipality of Vračar for 1.226.888 euros. It was also achieved in that municipality the highest price per square meter – 10.350 euros, while the most expensive house was sold in the municipality of Savski venac for 3.182.000 euros, according to the data of the Republic Geodetic Institute.
The most expensive paid garage space in the first quarter of this year was paid for 73.000 euros, again in Vračar, and the most expensive price for office space was 3.098.790 euros and was paid in the municipality of Savski venac in Belgrade.
Partially regulated market
The total amount of money used for the purchase of real estate in Serbia in the first quarter of 2024 was 1,5 billion euros, which is 2,6 percent less than in the same period last year, and of that sum, 456 million euros came from "partially regulated markets".
In the same period, the share of the partially regulated market, i.e. the turnover of real estate not registered in the real estate cadastre, in total value decreased by five percent compared to the same period last year, but it still amounts to 30 percent of the total turnover in the first quarter.
The total number of sales on the real estate market in the first quarter of 2024 was 29.108, which is one percent less than last year.
The largest share in the total turnover of real estate is occupied by the sale of apartments, in the amount of 834 million euros, with a share of 56 percent of the total value traded.
It is bought for cash
122,5 million euros were allocated for houses, 114,6 million euros for construction land, 72,6 million euros for business premises, and 64,6 million euros for agricultural land.
When it comes to the method of payment, seven percent of all traded real estate was paid from a loan, which is one percentage point less than last year.
Apartments were mostly paid for from loan funds, a total of 18 percent.
Source: FoNet