The apartment that you bought in Belgrade in 2019 in an old building for 100.000 euros, today you could sell it for as much as 187.000 euros, according to a calculation made by the Republic Geodetic Institute. Citizens can try to calculate for themselves each individual sale, depending on the year of purchase, type of apartment and location, i.e. the place where it is located.
It turned out that the old buildings became especially expensive compared to the new buildings. People's mistrust of today's investors, who often build buildings without the necessary building permits or with permits that they underpay, probably contributed to this. A great example of such scams is i the case of the Stajić brothers, who became the kings of illegal construction in Belgrade. It is interesting that Nemanja Stajić is the former head of the Secretariat for Legalization of Buildings in Belgrade.
Although the large increase in housing prices over six years is good news for people who want to sell their square meters, it is not at all in favor of those who have to take out a loan in order to even get to the first property they own. So people who are before coronavirus planned to buy an apartment, but the epidemic prevented them and they waited a few years, now they have a much more difficult situation. This was additionally contributed by a large increase in interest on loans in the period from war in Ukraine.
The incredible turbulence in the prices of square meters in Serbia was influenced by the arrival of foreigners due to the war in Ukraine and the chaos in Russia, with the forced sending of people to the front. However, the huge increase in housing prices was also due to the specific economic policy that the state is leading, which refers to the increase in the prices of all goods and services, including construction materials. All prices have skyrocketed, and citizens' salaries can't keep up with it.
The value of apartments continued to grow in 2025. Thus, in 2025, it was even 6,55 percent more expensive to buy square meters compared to the third quarter of 2024.
We are still moving in more.
According to the data of the Republic Institute of Statistics, turnover apartments in the third quarter of this year, it was a total of 1,1 billion euros, or 11,4 percent more than was the case in the same period last year.
The largest growth in apartment sales in the third quarter was achieved in the region of Southern and Eastern Serbia, where trade grew by 6,9 percent. Right behind is the City Beograd with a growth of 1,4 percent, with the fact that the value of sales in the capital is higher by 9,8 percent compared to the same period last year.
In the region of Vojvodina, a decrease in apartment sales of 2 percent was recorded, but also an increase in the value of turnover of 9,1 percent. Šumadija and Western Serbia recorded a decrease in apartment sales of 1,3 percent and an increase in the value of sales by 12,1 percent, announced RGZ.
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