New gradation in the Serbian language: Expensive, more expensive, Belgrade Waterfront

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    New gradation in the Serbian language: Expensive, more expensive, Belgrade Waterfront

    In the first half of this year, 48,000 properties in Serbia got new owners, and the total value of sales contracts is 1.6 billion euros.

    The most expensive square metre in Serbia in 2018 was sold at the exclusive location of Belgrade Waterfront and it cost more than 7,800 euros, while the price of the apartment exceeded 1.12 million euros. In the old part of the city, the most expensive apartments are those near Knez Mihailova Street, where the most expensive square metre was paid more than 4,300 euros.

    The most expensive house in the first half of 2018 is located in the Belgrade suburban area in the municipality of Vozdovac, in Beli Potok, with a large garden, and it reached the price of 1.5 million euros.

    This value is 23% higher than in the same period last year, the Republic Geodetic Authority announced. As they say, the volume of sales increased by 15 percent, compared to the same period last year when 41,500 sales contracts were concluded.

    “The trend shows that with the growth of the real estate market in Serbia, the price of the real estate itself is also growing,” the statement says. As they add, real estate in Belgrade accounts for more than half of the sum, 830 million euros.

    In terms of turnover, the first after Belgrade is Novi Sad, and the market value is 185 million euros. Out of the total real estate trading, as much as 60 percent takes place in Vojvodina and Belgrade. In Serbia, apartments are in the highest demand (33%), and they account for half of the total transactions, i.e. 775 million euros.

    The demand for houses in Serbia is half lower than for apartments and they account for 15% of the market share, while agricultural land accounts for 20% of total real estate trading.

    In Serbia, the highest growth in the price of real estate per square metre was recorded in the old part of the town in Novi Pazar and in Prokuplje, by 15%, while the highest increase in the price of recently built apartments is recorded in Vranje – by 13%.

    The biggest drop in the price of recently built apartments occurred in Uzice, by eight percent, followed by Kikinda and Kraljevo, by seven percent.

    Izvor: Beta

    Foto: Promo

    Piše: B. M.

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