It has turned out that the crisis has not affected the real estate market in Serbia. There is more construction activity than a year ago, additional square meters are sought in both the segment of residential real estate and the segment of commercial and industrial real estate. The prices are growing, new projects are being agreed. In the second quarter of 2021, in the real estate market, the transactions amounted to EUR 1.6 billion, which is twice as much compared to the same trimester in 2020 and 1.6 times more than in 2019.
Participants in the real estate market emphasize that the demand is still higher than the supply, which certainly has an impact on the prices not going down.
A large number of building permits issued in the first nine months of this year, especially for residential facilities, shows us that there will be even more construction activities in bigger cities. Based on this, but also the increase in the prices of building materials, we can say that the prices will not be dropping in the upcoming period.
Changes have also taken place in the market of construction materials and equipment. Materials are becoming recyclable, natural and energy efficient. Protection from noise, pollution, heat and cold is inevitable in both homes and offices. The manner in which real estate is heated and cooled is upgraded.
We discuss these topics in the special edition newsletter that is before you and we hope that we have managed to provide answers to at least some of the questions that interest investors, purchasers, producers and builders.
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