Apartment prices in Belgrade break RECORDS: Will the bubble BURST?
Since 2000, realestate prices in Belgrade have recorded a steep spike, and they have now brokenall previous records. Despite some forecasts that the prices are unrealisticand that they will drop, the prices in the capital have reached the maximum.Experts say that the underlying reason is the fact that demand forapartments is much higher than the supply and that this economic rulemainly dictates astronomical prices. The dynamics of growth on the turbulentmarket is also shown in the data of the Statistical Office of the Republicof Serbia. During 2018, compared to the previous year, the prices of apartmentsin new buildings in Serbia increased by 12.8 percent, while in Belgrade theyincreased by 14.7 percent. Compared to the prices of apartments in the region,Belgrade has surpassed Sarajevo, Skopje and Zagreb, and it is getting closer tothe metropolises across the world. He points out that the market is notstagnating, that apartments are sold, and that there is the highest demand forapartments in new buildings that are sold almost as soon as their foundationsare built. Stojanovic says it is very difficult to predict whether prices willcontinue to rise or if they will drop. “I think that such prices will bestable in the upcoming period, unless something happens on the global market, amajor economic crisis that would disturb the market.