Source: Tanjug | Wednesday, 20.01.2021.| 10:40
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Real Estate Market in Serbia Worth EUR 1.3 Billion – Most Expensive Complex Sold for EUR 3 Million

Illustration (Photo: Nomad_Soul/
In the final quarter of 2020, the real estate market in Serbia was worth EUR 1.329 billion, there were 14.9 thousand transaction contracts and the most expensive house sold was a house in Belgrade that went for EUR 1.85 million, whereas a complex in Sopot went for EUR 3 million, according to the quarterly report of the Republic Geodetic Authority.

Dragana Milicevic Sekulic of the RGA said on TV Pink that, in said period, the most sold properties had been apartments, accounting for 29% of the total amount of the transactions, whereas in the third quarter they had been at 28%, followed by construction land at 19%, agricultural land at 16%, residential facilities at 14% and garages at 8%.

In the final three months of 2020, the real estate market in Serbia was worth EUR 1.329 billion, which is an increase compared to EUR 1.2 billion in the third quarter, she said and added that the largest turnover since the RGA had started collecting the data had been recorded in that period.

The trade of apartments was at 54%, residential facilities were at 10%, and building land stopped at 8%.

– In general, real estate was paid for in cash more, with 86% sold for cash and 14% through credit financing. As for apartments, credits account for around 32% – she said.

The 13 most expensive new apartments sold in the fourth quarter are located at the Belgrade Waterfront, whereas the most expensive old apartments are in Gospodar Jovanova Street in the Belgrade municipality of Stari Grad, where the highest prices for offices and garages were realized as well.

The most expensive house went for EUR 1.85 million and is located in the Belgrade municipality of Savski Venac, whereas a complex in Sopot, with two vacation houses, auxiliary buildings, several parcels of land and a pool, went for EUR 3 million.

In 2020, there was an increase in the number of vacation houses sold compared to 2019, but there was still a decrease in the fourth quarter.
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