In the third quarter of this year, land in Serbia was traded the most in Vojvodina, and the price of a hectare ranged from 1,250 euros in Banat to 27,800 euros, which was paid for a hectare in Srijem, according to the report of the Republic Geodetic Institute.
A decrease in the number of sold plots was recorded, but an increase in prices, although the real estate market continued to stabilize and calm down after two years of extremely dynamic growth, which followed the outbreak of the corona virus pandemic.
Traditionally, the highest prices are held by Srijemski and Juznobački districts, where the average value of a hectare is from 13,500 to 14,400 euros, and the maximum price is from 25,600 to 27,800. The minimum price in Srijem Circle is 2,600, and in Juznobacki 3,150. The maximum price of a hectare in Zapadnobački district is 24,300, and the minimum is 1,950, while in Južnobanatski, the most expensive hectare was sold for 24,250 euros, and the cheapest for 1,300.
In other parts of Banat, the most expensive hectare cost 19,450, and the cheapest 1,250. In Sjeverbački district, the maximum price reached is 21,200, and the minimum price is 3,400 euros per hectare. In Šumadija and Western Serbia, where more plots were sold compared to the same period last year, the most expensive hectare found a new buyer for 29,950, while the minimum price was 775 euros.
