Sales of new apartments in Serbia 12 percent lower than last year

The Geodetic authority registered 40,884 contracts on the sale of real estate. Figures for the first half of 2020 show that the number of trades fell by 14 percent, and the number of traded real estate fell by 13 percent. The figures also show that real estate was more expensive in circulation, as the amount of money in the real estate market fell by 8 percent to 1.7 billion euros. The most active month on the market was June with 10,288 sales. The average price of housing in Serbia in the first half of 2020 for old buildings was 997 euros per square meter, and new buildings 1,337 euros per square meter, while last year for this period should have set aside 950 euros per square meter for old buildings and 1,320 euros per square meter. square for new construction. According to the analysis of the RGA, in the first half of 2020, the share of foreign nationals in real estate sales is close to 1%. Compared to previous periods from 2017, that percentage is the same, with the exception of 2019, when foreign nationals participated with 2%.