In the first quarter of 2024, the total amount spent on real estate purchases in Serbia was 1.5 billion EUR, reflecting a 2.6% decrease compared to the same period last year, according to the Republic Geodetic Authority (RGZ). Notably, 7% of these transactions were financed through loans, a decrease of one percentage point from the previous year, with the majority of loans being used for apartment purchases, accounting for 18% of the total loan-based transactions.
The total number of real estate transactions in the first quarter of 2024 was 29,108, marking a 1% decline compared to the previous year.
The most expensive apartment and the highest price per square meter were recorded in the Belgrade Waterfront complex, located in the Savski Venac municipality. The apartment was sold for 1,226,888 EUR, and the highest price per square meter in this area reached 10,350 EUR.
The highest-priced house transaction occurred in the Savski Venac municipality in Belgrade, with a sale price of 3,182,000 EUR.
The priciest garage space during this period was sold for 73,000 EUR in the Vračar municipality of Belgrade. Meanwhile, the most expensive commercial property was sold for 3,098,790 EUR, also in the Savski Venac municipality.
Of the total 1.5 billion EUR, 456 million EUR, nearly one-third, came from the partially regulated market.
Apartment sales dominated the total real estate market, accounting for 834 million EUR, which represents 56% of the total transaction value.
Houses contributed to 122.5 million EUR, which is 8% of the total value, while building land accounted for 114.6 million EUR, also 8%. Commercial spaces represented 72.6 million EUR or 5% of the total, and agricultural land accounted for 64.6 million EUR, making up 4% of the total value.
