Authored by the expert who managed and guided the team behind the Serbia Property Pack
Yes, the analysis of Belgrade's property market is included in our pack
Where are the best places to invest in Belgrade right now? Is the city center still the top pick, or are neighborhoods like Dorćol, Vračar, and New Belgrade gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Belgrade and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) New Belgrade is popular for its modern infrastructure and business district, attracting commercial and residential investors
New Belgrade is a prime spot for investors, thanks to its modern infrastructure and bustling business district.
In recent years, the area has seen a vacancy rate of just 3% for grade A office buildings, indicating a strong demand for office space. This surge is largely fueled by the IT sector and shared service centers, with big names like Nordeus snapping up large spaces.
Property prices in New Belgrade are climbing, driven by the growth of new office buildings and the renovation of older ones into sleek business complexes. This has made the area pricier than other parts of Belgrade. Foreign investors are also keen, pouring money into projects like Airport City Belgrade and the AFI Zmaj business park expansion.
On the residential front, New Belgrade is buzzing with new developments like Wellport and The One. These modern complexes, coupled with better transportation links and infrastructure projects like the Belgrade Waterfront, are making the area even more appealing.
The presence of multinational companies is boosting the area’s profile, and rising rental yields for residential properties are catching the eye of investors. This combination of factors underscores New Belgrade's growing allure.
Sources: BNP Paribas Real Estate, Belgrade Property Market Report, West Properties
2) Palilula is gaining interest for its affordable property prices and growth potential with expanding infrastructure projects
Palilula is quickly becoming a go-to spot for those seeking affordable property prices and promising future growth.
In recent years, property prices in Palilula have risen by 28%, now at €2,553 per square meter, which is still a bargain compared to other Belgrade districts like Stari Grad and Savski Venac, where prices often exceed €3,000 per square meter.
One of the main attractions of Palilula is its infrastructure projects. The BeoGrid 2025 project is set to upgrade the transmission grid, including in Palilula, to support more renewable energy sources, making the area ripe for future growth. The Serbian government is also investing heavily in infrastructure, with plans for a "small metro" tunnel to improve connectivity in Palilula.
Real estate investors are increasingly eyeing Palilula, drawn by the demand for tech-smart, energy-efficient apartments and larger suburban homes. This trend is gaining momentum, with media outlets highlighting Palilula as an emerging real estate hotspot.
Locals and newcomers alike are noticing the buzz around Palilula, as the area offers a unique blend of urban and suburban living. The ongoing infrastructure developments are expected to further enhance the quality of life, making it an attractive option for families and young professionals.
With its strategic location and ongoing projects, Palilula is poised to become a key player in Belgrade's real estate market, offering both affordability and growth potential.
Sources: Balkan Green Energy News, Aparthotel, IntelliNews
We have made this infographic to give you a quick and clear snapshot of the property market in Serbia. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Vračar is in demand for its high rental yields, attracting young professionals and families seeking a central location
Vračar is a hotspot for rental investments in Belgrade.
With rental yields ranging from 5.36% to 6.32%, Vračar stands out as a top choice for investors. This area consistently attracts interest, thanks to its central location and vibrant lifestyle.
Young professionals and families are particularly drawn to Vračar. They love its multicultural and family-friendly environment, making it a perfect fit for those seeking a lively yet comfortable place to live.
The demand for rental properties here is stable, bolstered by a steady stream of tourists. This ongoing interest ensures that investors enjoy attractive yields in the rental market.
Vračar's appeal lies in its ability to offer a central location with a vibrant lifestyle. This combination makes it a magnet for those looking to enjoy the best of city living.
For anyone considering a property investment in Belgrade, Vračar's high rental yields and strong demand make it a compelling option.
Sources: Global Property Guide, Nomad Capitalist
4) Karaburma is gaining interest with its redevelopment projects and better transport links, attracting first-time buyers
Karaburma is quickly becoming a hotspot for first-time homebuyers due to its ongoing redevelopment and improved transport links.
In recent years, the area has seen a surge in infrastructure investment, making it more accessible and convenient for residents. The Belgrade Metro project is a game-changer, with a new line extending to Karaburma, significantly enhancing public transport options. This development is a big draw for those who rely on public transit for their daily commute.
The Serbian government is actively backing urban redevelopment, pouring funds into projects that breathe new life into areas like Karaburma. This has sparked a wave of new residential and commercial developments, attracting young professionals and families eager for better job opportunities and a vibrant lifestyle. The construction sector in Serbia is booming, with infrastructure investments playing a key role in revitalizing neighborhoods.
Property prices in Belgrade are on the rise, and Karaburma is no exception. This trend makes it an appealing option for first-time buyers looking to invest in a promising area. The combination of improved transport links, government support, and rising property values is contributing to Karaburma's rise as an attractive neighborhood.
For those considering a move, Karaburma offers a unique blend of modern living and convenience. The ongoing redevelopment projects are not just about new buildings; they are about creating a community where people want to live and work. This focus on community development is a key factor in the area's growing popularity.
With its strategic location and ongoing improvements, Karaburma is poised to become one of Belgrade's most sought-after neighborhoods. The area's transformation is a testament to the power of strategic investment and urban planning, making it a smart choice for those entering the property market.
Sources: Ekapija, Wikipedia, Roncucci & Partners, Trade.gov
5) Mirijevo is gaining interest with its new residential projects and competitive pricing, promising future growth
Mirijevo is catching eyes with its fresh residential projects and competitive prices.
In Serbia, the real estate market has been on a steady rise, thanks to a stabilizing economy. Mirijevo is now a hotspot for both local and foreign buyers. The area is buzzing with new developments, making it a key player in the market.
The Green Palace project is a prime example of Mirijevo's growth. It offers 130 apartments with modern designs and SMART technology. Set to finish its second phase by June 2025, this project showcases the area's commitment to modern living. These developments are turning heads with their sleek amenities.
Families find Mirijevo appealing due to its competitive pricing compared to other Belgrade neighborhoods. Surrounded by essential amenities like schools and retail stores, it’s a convenient choice. The upcoming Belgrade Metro line, connecting Makiš to Mirijevo, promises to boost public transport, drawing in more young professionals and families.
With its strategic location and modern projects, Mirijevo is shaping up to be a promising area for future growth. The combination of affordability and convenience is hard to beat, making it a top choice for potential buyers.
Sources: Wikipedia, City Expert
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6) Dorćol is thriving with its historic charm and modern amenities, attracting investors and renters seeking a vibrant urban lifestyle
Dorćol is a hot spot in the real estate market thanks to its mix of historic charm and modern amenities.
Picture this: beautiful heritage buildings, many lovingly renovated, line the streets of Dorćol. These efforts not only boost the area's charm but also draw in renters and investors who value its historical significance. It's a place where the past meets the present, creating a unique vibe.
Property prices here have been climbing steadily, fueled by high demand and limited housing options. This trend is likely to keep going as more people are attracted to Dorćol's vibrant lifestyle. Imagine living in a neighborhood brimming with cafes, restaurants, and cultural spots—it's lively and full of life.
One of Dorćol's biggest perks is its central location, offering easy access to key city attractions and public transport. This is a major plus for young professionals and anyone craving a convenient urban lifestyle. The high occupancy rates for rentals in Belgrade, especially in central areas like Dorćol, show just how strong the demand is, making it a prime spot for real estate investment.
For those in the know, Dorćol is more than just a place to live; it's a lifestyle. The area is a magnet for those seeking a blend of history and modernity, with a community that thrives on its vibrant energy. It's no wonder that investors and renters alike are flocking to this part of the city.
With its unique blend of old-world charm and contemporary living, Dorćol is a neighborhood that continues to captivate. Whether you're looking to invest or find a new home, this area offers something special that keeps people coming back for more.
Sources: Airbtics, Real Estate Magazine
7) Savski Venac is gaining attention for its luxury developments and closeness to cultural and governmental institutions
Savski Venac is buzzing with luxury real estate interest, attracting both local and international buyers.
One major attraction is the Belgrade Waterfront project, a stunning blend of commercial, residential, and cultural spaces. This development boasts the region's largest shopping center and Belgrade's tallest building, making it a must-see landmark. These features have driven up demand for high-end apartments, offering residents a taste of luxury and modern living.
Another reason for Savski Venac's popularity is its proximity to key cultural and governmental institutions. Living near the National Museum and the Serbian Parliament is perfect for those who appreciate culture and political significance. The area’s improved infrastructure and transportation links make it even more appealing, providing easy access to all parts of Belgrade.
For those considering a move, Savski Venac offers a unique blend of luxury, culture, and convenience. The neighborhood's strategic location and ambitious real estate projects have transformed it into a desirable destination. With its modern amenities and vibrant atmosphere, it's no wonder this area is on the radar of savvy property buyers.
Whether you're drawn by the allure of the Belgrade Waterfront or the cultural richness of the area, Savski Venac has something for everyone. Its blend of luxury and accessibility makes it a standout choice for those looking to invest in property. The neighborhood's ongoing development ensures it remains a top contender in the real estate market.
Sources: City Expert, City Expert
8) Voždovac is popular for its urban-suburban balance, offering good value and appreciation potential
Voždovac is gaining popularity for its perfect mix of city and suburban life.
In 2023 and 2024, property prices in Voždovac held steady at 2,500 euros per square meter, making it a more affordable choice compared to pricier districts like Novi Beograd. This price point offers great value for money for potential buyers looking for a smart investment.
The area is seeing a boost from Belgrade's urban development projects, including the expansion of the metro system. These infrastructure upgrades are set to make Voždovac even more appealing, likely pushing property values higher. The neighborhood is also attracting young professionals and families, thanks to Belgrade's booming tech industry, which is increasing demand for homes in suburban spots like Voždovac.
Real estate market reports are starting to spotlight Voždovac as an up-and-coming area, bolstered by a positive economic outlook for Serbia in 2025. Its closeness to key amenities and efficient transport links, with intercity lines every 15 minutes, makes it a convenient choice for both residents and commuters.
Voždovac offers a balanced lifestyle, combining the buzz of urban living with the tranquility of the suburbs. This balance, along with its affordability, is drawing more interest from those looking to invest in property with potential for appreciation.
Sources: Welcome to Serbia, City Expert
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.