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Yes, the analysis of Belgrade's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Dorćol? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other neighborhoods like Vračar or Novi Beograd where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Belgrade Property Pack.
Will property prices increase in Belgrade in 2025?
Yes, property prices in Belgrade are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Belgrade remains an attractive city for both domestic and international investors.
While there are some economic challenges like inflation and rising interest rates, the main drivers behind Belgrade’s price growth remain strong.
Demand, especially in the central areas, continues to outpace supply, making significant price drops unlikely. Additionally, Belgrade's growing reputation as a cultural and economic hub in the Balkans continues to attract buyers.
Signals pointing to a property price increase in Belgrade
Here are some factors suggesting prices could increase:
The ongoing urban development projects in Belgrade, including the Belgrade Waterfront, are expected to enhance the city's infrastructure and appeal, driving up property values in the surrounding areas.
Belgrade's strategic location and improving transport links, such as the expansion of the metro system, are likely to increase the city's attractiveness to both local and foreign buyers, boosting demand and prices.
The Serbian government's incentives for foreign investment in real estate are expected to continue, attracting more international buyers and investors to the Belgrade market.
A growing tech and startup scene in Belgrade is drawing young professionals to the city, increasing demand for residential properties, particularly in trendy neighborhoods.
The limited availability of new housing developments in central Belgrade is expected to keep supply tight, pushing prices upward as demand remains strong.
Belgrade's cultural and historical significance, along with its vibrant lifestyle, continues to attract expatriates and tourists, increasing demand for both short-term and long-term rental properties.
The stabilization of the Serbian dinar and a relatively stable economic outlook for Serbia in 2025 are expected to support continued investment in the real estate market.
Signals pointing to a property price decrease in Belgrade
Here are some factors suggesting prices could fall:
Rising inflation and living costs in Serbia could reduce the purchasing power of local buyers, potentially dampening demand for properties in Belgrade.
Higher interest rates may make it more difficult for potential buyers to secure affordable mortgages, which could slow down the real estate market.
Economic uncertainties in the broader European region could impact investor confidence, leading to a potential slowdown in foreign investment in Belgrade's property market.
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If property prices go up in Belgrade, how much would they increase by?
If real estate prices in Belgrade were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like Belgrade appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as location, economic conditions, and property type.
It means that, if you spot a charming 2-bedroom apartment in Dorćol for 150,000 euros today, don't be surprised if it's priced between 154,500 and 160,500 euros this time next year.
To give you a better understanding, here is a table that shows 7 types of Belgrade real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (€) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Apartment in Vračar (60 sqm / 646 sqft) | €120,000 | €123,600 | €126,000 | €128,400 |
| Modern Apartment in New Belgrade (75 sqm / 807 sqft) | €180,000 | €185,400 | €189,000 | €192,600 |
| Luxury Penthouse in Savski Venac (100 sqm / 1,076 sqft) | €400,000 | €412,000 | €420,000 | €428,000 |
| Studio in Zemun (30 sqm / 323 sqft) | €60,000 | €61,800 | €63,000 | €64,200 |
| Loft in Savamala (80 sqm / 861 sqft) | €240,000 | €247,200 | €252,000 | €256,800 |
| Townhouse in Dedinje (150 sqm / 1,615 sqft) | €500,000 | €515,000 | €525,000 | €535,000 |
| Investment Property in Palilula (50 sqm / 538 sqft) | €100,000 | €103,000 | €105,000 | €107,000 |
Everything you need to know is included in our Property Pack for Belgrade
If real estate prices go up in Belgrade, which areas are likely to see the biggest increases?
Today, people who want to move to Belgrade seek the charm of its historic architecture, but they also desire modern conveniences and vibrant social scenes, which Skadarlija delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Savamala has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Belgrade market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Skadarlija | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Dorćol | High | Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Belgrade. |
| Vračar | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| New Belgrade | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Zemun | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Kalemegdan | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| Savamala | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Dedinje | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Ada Ciganlija | Medium-High | Its proximity to recreational areas, along with new residential developments, makes it increasingly attractive to professionals seeking more space. |
| Palilula | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
-The best areas to buy a property in Belgrade
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Belgrade?
In 2025, Belgrade real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Apartments in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Belgrade are seeing increased interest. Proximity to green spaces and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense cities like Belgrade, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Belgrade's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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