Most expensive house in Serbia sold in Dedinje for EUR 4.5 million – Price of square meter in Belgrade apartments up to EUR 8,683

The most expensive piece of real estate in Serbia sold last year was a house in Uzicka Street in Dedinje, Belgrade, for which the new owner paid EUR 4.4 million, as shown by the data of the Republic Geodetic Authority (RGA).

– This street, which has been a symbol of power, wealth and influence for decades now, is obviously still one of the most attractive locations in Belgrade – the RGA believes.

Along with Dedinje, as a traditionally attractive location, they say, Belgrade Waterfront is becoming popular. The most expensive apartment in Serbia was sold here, at the price of EUR 1,319,888, and one square meter cost EUR 8,683.

– That there are people in Serbia who can afford such expensive apartments is shown by the RGA data, among which are several contracts with prices in that range – the RGA says.

Although new buildings have their advantages, the city center, they say, around the Republic Square and Kneza Mihaila Street, still features high prices. An old apartment in Obilicev Venac Street was purchased at a price exceeding EUR 6,000 per square meter.

In around 70% of the cases, real estate in Serbia is bought with cash, whereas only 30% are bought through credits.

Good agricultural land is also in demand in Serbia. The largest area up for sale, with slightly over 559 hectares of agricultural land, was paid EUR 4,800,000, in the territory of the municipality of Novi Becej.

As for the price of a hectare, the highest one was recorded in Gunaros, Backa Topola, North Backa District, where EUR 100,000 was paid per hectare.

Most money was spent in the real estate market in Belgrade, close to EUR 2.2 billion, followed by Novi Sad with close to EUR 470 million, Nis with EUR 111 million, Subotica with EUR 78 million, Kragujevac with EUR 65 million, Pancevo with EUR 54 million and Zrenjanin and Novi Pazar, each with around EUR 38 million.