Real estate market and current trends
The real estate market experienced a real „boom“ over the past year, and such a trend continues this year, despite the fact that prices seem to have peaked at certain locations.
More than 70 percent of apartments in Serbia were purchased in cash during the previous year, and City Expert agency says that there are currently a lot of investment buyers, who buy mostly for cash and thus want to increase their savings, because they see real estate as one of the best ways to increase capital, which the market has proven in the past period.
There are also a lot of young couples or employees who choose to make purchases with housing loans due to low interest rates.
The current situation and crisis in Ukraine somewhat increase the precaution of buyers, but those who buy in cash still decide to buy quickly when they find real estate according to their preferences, as further growth of real estate prices is expected. Those who buy on credit are not lagging behind either, because bank interest rates are still low, so the turnover of apartments that have a realistic price-quality ratio is taking place regularly and quickly.
Izvor: BIZLife
Foto: Pixabay
