The current 2018 has been the best year for property developers and investors in Serbia since the financial crisis of 2008. In the first half of 2018 the property market grew by value and by number of transactions. Although there is a record number of new developments, the prices of residential properties increased by 7,7% y-o-y on the national level. The investors and developers also poured money in office developments, shopping centres and logistic and industrial properties. The healthy demand keeps the yields from commercial properties on high level, one of the highest in Europe outside Russia.
The cause of such healthy property market are the fall in the unemployment rate and the GDP growth. More details about the property market in H1 2018 are packed in tables and charts you will find in our information “H1 2018 property prices in Serbia” if you click on the „READ MORE…“ button bellow.
Balkan Architectural Biennial –BAB is a cross border platform for cooperation between architects and real estate designers in South East Europe. At the 44th International Construction Fair SEEBBE held in Belgrade, Serbia form 18th-21st April 2018, BAB organised a conference Arena of Investments in Architecture and Urbanism–AIA. The main topic of the conference was investments in real estate and architectural developments of modern cities.
Participants of the conference were cities, municipalities, architectural and design companies, banks, real estate developers and investors as well as individuals from different professions who take part in the development of cities and territories...
ISouth-East Europe as well as Serbia are very rich with mineral waters used for convalescence from various illnesses, for health enhancement and for pleasure and joy. Some of them have been used as spa centres since Roman Times. Serbia alone has over 300 registered spa centres.
Wellness is a global tourism phenomenon that grows on average 10% per annum. There is ever increasing awareness that holiday time should be active and fulfilling (full of activities and health benefits) instead of passive lying on the beach, particularly for the middle aged well-funded population with a larger than average disposable income to spend on relaxation and health enhancement...
The Serbian leading business portal eGate (eKapija) published a Special Edition on 26th April “Real estate-The new investment cycle” with various articles about the current state of affairs of the Serbian real estate market. We have contributed with a piece “Real estate finance in Serbia post financial crisis”. Our article is in Serbian and is focused mainly on the local readership. Subsequently, we were asked by the editor to produce the same article for an international audience.
The article provides some interesting observations about the financial aspects of the Serbian RE market, prices and yield movements throughout the financial crisis since 2008 to 2016. The reported statistical data clearly shows the prices and yields are stable now or are showing improvements. Our observation is the dynamism of the market is increasing, there are more projects and more transactions. Investors’ confidence is growing.
In a nutshell, Serbia is an attractive investment destination for several reasons.
GROOMING FOR SALE
INITIAL RESEARCH & SCREENING
FDETERMINE NEED OR CAPITAL
Serbia got a new Government on 27th April 2014. Following the landslide victory at the early general elections held on 17th March 2014 when the Serbian Progressive Party won 168 out of 250 seats in the Parliament, SPP/SNS formed a coalition government with another two parties so that the Government now holds a very comfortable majority of over 200 seats in the Parliament. The now Prime Minister Aleksandar Vucic had called for the early general election seeking a mandate to carry out deep structural (and probably painful) economic reforms to turn Serbian sluggish economy to faster growth, increase efficiency, cut down on red tape, suppress corruption in the public sector, reduce the public deficit. Mandate he got and at a 3 hour long inaugural speech in the Serbian Parliament on 27th April the new Prime Minister presented the program of his Government, which is very likely to remain in power for the full 4 year term.