After several years of constant growth, the real estate market recorded a drop in sales in the first three months of this year compared to the same period last year, according to data from the Republic Geodetic Institute.
The total number of sales on the real estate market in the first quarter of 2023 was 29.275, which is 9,5 percent less than in the first quarter of 2022.
On the other hand, more money was spent for the purchase of real estate in this period than in the same period last year, a total of 1.642.369.253 euros, which represents a growth of 2,6 percent.
Most real estate was sold in Belgrade, where 6.924 sales contracts were signed.
According to the data of the Republic Geodetic Institute, seven percent of real estate was paid for from credit funds, which is five percentage points less compared to the same period of the previous year.
Apartments in Belgrade on the water reached the highest prices, where the most expensive square meter was sold for 11.474 euros. The most expensive apartment, with an area of 383 square meters, was paid 2.601.888 euros.
For an apartment, 20 years of age.
Buying an apartment for citizens with average incomes has become almost impossible. How is it "Time" was written, with the average salary, as it is currently in Belgrade, it is necessary to work as much as 19.6 years
As Marko Aksentijević from the Ministry of Space stated, according to the latest analytical documents published by the Ministry of Construction, only ten percent of the richest can participate in the real estate market.
According to writing Free Europe, prices generally start from 2.000 euros and up per square meter of living space. Below 2.000 can be found only on the outskirts of the city, which is a dozen or more kilometers from the center.
The closer you move to the city center, this figure increases.
Thus, in Vračar, one of the central Belgrade municipalities, according to the ads, a square meter ranges from 2.425 to even 5.500 euros.
As "Vreme" wrote in an article about real estate prices and apartment rentals "The Billion Dollar Question", in order to fully understand the real estate market in Serbia, i.e. the explosion of construction and the value of square meters, and even look into the future, we have to go back a few steps.
Real estate here is an extremely good business primarily for the owners of our lives.
Our economy is largely based on the construction and investment industry. It is an interesting area because huge amounts of money can be traced there, of course illegally or semi-illegally acquired.
BG/Free Europe
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