PROPERTY PRICES IN SERBIA IN 2020
MARKET, TRENDS AND YIELDS ON INVESTMENTS IN REAL ESTATE
Despite Covid -19, the real estate market in Serbia in 2020 continued to grow for the fourth consecutive year since 2016. After some confusion and complete denial of the existence of Covid -19 at the end of February 2020, the Serbian Government declared a state of emergency on March 16 2020, which it relaxed at the end of May 2020. During this period, real estate transactions fell to a record low, but recovered rapidly thereafter, especially in the fourth quarter of 2020, when asset transactions reached a historically high level.
However, Covid 19 left its mark on the habits and needs of real estate buyers in Serbia, which was reflected in the upward price movements and further market segmentation. We have analysed and illustrated the market trends in numerous tables and comparative data from previous years to understand where the real estate market is moving. We provide a summary analyses and presentation of the relevant data. These data are important for both investors and buyers of residential or users/tenants of commercial real estate. In this report we focus on the real estate market in the Serbian capital city Belgrade since it is in focus of foreign property investors...