Property for sale in Serbia
The construction market, together with the infrastructure market, abandoned for years due to the war, is now rapidly developing with the help of international organizations, and especially the EU.
Serbia, located at the crossroads of three important pan European corridors in South-Eastern Europe represents a country of considerable interest for the potential of the infrastructure sector but also for properties for sale in Serbia, not only for the its central position in the Balkan region, but also as a transit country for the transport of goods and people from Asia to Europe.
The importance of the country in the links between the countries of the region has been recognized by the EU, which through the Berlin Process on the Western Balkans and the Balkan Connectivity Agenda (BCA), has included Serbia in a series of projects aimed at strengthening the economic development and stability of the entire area through better infrastructural connectivity between countries (Investment Plan).
The real estate market in Belgrade continues to grow slowly. Yields currently stand at 8.50% for offices, 8.00% for shopping centers and 9.75% for industrial assets.
An increase in loans has opened up the market to an ever-increasing number of buyers interested in properties for sale in Serbia and this trend will prevail throughout 2018. The total volume of real estate transactions increased by 8.4% in 2017. As of 2019 it can be expected a slightly better market balance.
In 2017 a strong wave of demand for properties for sale in Serbia was recorded in areas offering a solid offer of new apartments, such as the municipalities of Vracar (+ 75%) and Savski Venac (+ 67%), while a decrease was recorded in areas such as Stari Grad (-30%) and New Belgrade (-19%).
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