In the first half of the year, Russians invested a total of 85 million euros in Serbian real estate, with half of that amount spent in Belgrade. The trend shows a growing preference for the Vojvodina region, especially in Novi Sad and Subotica, where many Russians are choosing to purchase property. Ivana Štrbac, head of the Real Estate Appraisal Department at the Republic Geodetic Institute, noted that the number of Russian buyers has increased by over 10% compared to last year. While the total turnover is slightly lower than in the same period last year, the significant investments highlight the appeal of Serbian real estate.
In Belgrade, the average price for new apartments has reached about 2,000 euros per square meter, with some areas seeing prices rise to 6,000-7,000 euros. On average, buyers need two and a half net salaries in Serbia to afford one square meter. Russians primarily focus on apartments, houses and garages, with Belgrade attracting a considerable share of their investments due to higher property values.
