Photo: PixabayNew official reports on the situation on the real estate market in Serbia have once again shown that the most construction works are done in Belgrade. Such trend was expected, but the real surprise are the municipalities that took very high positions after the capital city in terms of the number of new squares and construction plans.
As the global economic conditions become more difficult, the real estate market is being analyzed more and more, especially in those parts of the world where, as in Serbia, it is used as an alternative to the capital market, Blic writes.
We are often surprised to see official reports when smaller environments turn out to be as interesting to investors as big cities. Thus, according to the report on construction permits for February of the Statistical Office of the Republic of Serbia, the largest construction activity, after Belgrade, is expected in the Raška area, where Kopaonik is also located.
Practically, Belgrade is on the first place, and Raška on the second. They are followed by the region of Mačva (9.5 percent), region of Srem (7.8 percent) and the region Južna Bačka (6.8 percent).
There are five municipalities in the Raška district: Kraljevo, Novi Pazar, Raška, Tutin and Vrnjačka Banja.
Of the slightly more than 12 billion dinars of the expected value of works in Raška, about 66 percent of the value will be obtained from new builds (about 7.92 billion dinars), while the remaining 33 percent is reserved for other types of work.
According to the Statistical Office of the Republic of Serbia report, 1,995 building permits were issued in Serbia in February. Many would say it is a rapid rise, bearing in mind that this is a growth of as much as 31.6 percent compared to last year.
Most permits have been issued for residential buildings, and the data show that larger apartments are the most desirable. Of the total number of apartments in new residential buildings, 8.4 percent of apartments will be built in single-apartment buildings, with an average area of 144.2 square meters, and 90.4 percent of apartments will be built in buildings with three or more apartments. Their average area will be significantly smaller and will amount to 60.6 square meters. According to the issued permits, the construction of 3,434 apartments was reported, with an average area of about 70 square meters.
Prices per square meter in Serbia do not stop rising. According to the latest data from the advertising portal Nekretnine.rs, in February, the prices of square meters rose the most in the settlement of Pantelej in Nis. There, the price of a square meter rose by 5.99 percent in February, and the average price rose to 1,097 euros.
The second largest increase in average prices per square meter was recorded in Novi Sad, in the city center, by 4.29 percent, and there the average price per square meter rose to 1,896 euros. The only drop in average prices, of 1.5 percent, was recorded in Belgrade in the municipality of Palilula, where the square in February was estimated at 1,970 euros on average.
The highest price of the average square meter in Serbia is still in the center of Belgrade, which increased by 1.75 percent in February and thus rose to the level of 2,679 euros. In second place in Belgrade, in terms of average prices, but also in Serbia, is Vracar, where prices rose by 1.07 percent and currently amount to 2,551 euros.
According to the latest Eurostat report, square meters in Europe have risen in price by 42 percent in the last 11 years. Also, house prices have more than doubled in seven EU countries since 2010: Estonia, Hungary, Luxembourg, Latvia, the Czech Republic, Austria and Lithuania.
When comparing the fourth quarters of 2021 and 2010, house prices rose more than rents in 19 EU member states, while real estate prices fell in only three countries during that time - Greece, Italy and Cyprus.
The largest increase in house prices in this period was in Estonia, by 156 percent, Hungary 128 percent and Luxembourg 124 percent.
Source: blic.rs
