Last month, the trend did go in the opposite direction, and now in some cities we again have a monthly price increase per square meter of as much as six percent.
In September, faced with the average prices per square meter that month, we see that the price growth trend continued, mostly in Novi Sad, where the price per square meter grew by around 6 percent. A similar growth was recorded in many other cities, which means that the price increase per 1,000 euros in just one month was 60 euros.
INCREASE IN PRICE ON PALILULA, VOŽDOVAC, FALL ON MIRIJEVO
The capital is still the undisputed champion in terms of the price per square meter. In September, the average price of a square meter in the city center grew by 0.96 percent, and amounted to 2,619 euros. In second place in terms of the price per square meter is Vracar, where the prices per square meter rose by 0.88 percent in September, which raised the average price per square meter to 2,411 euros per square meter.
The average price per square meter in Palilula was around 2,000 euros in September, which means that it grew by 2.2 percent in September. Behind Palilula is Voždovac, where the average price per square meter grew by 0.53 percent and it amounted to 1,897 euros in September.
In the capital, two municipalities, in which nekretnine.rs monitors average prices per square meter, recorded a decline. In New Belgrade, the average price per square meter fell by 0.1 percent and in September it was 1,966 euros. On Mirijevo, the price per square meter fell to 1,252 euros, ie it fell by 1.34 percent.
The most expensive squares in September were in the center of Novi Sad - 1,756 euros, which means that the price increased by 0.53 percent in September. In terms of the average price per square meter, the settlement of Grbavica came in second place in Novi Sad, where the price rose as much as 6 percent in September, and where the average price per square meter rose to 1,750 euros in September.
A drop in prices in September was recorded in Novi Naselje (1.94 percent), where the average price was 1,414 euros, and Podbari (a drop of 0.79 percent), where the price fell to 1,635 euros in September.
In Nis, it is necessary to point out, no decrease in the average price per square meter was recorded. The highest growth was recorded in the settlement of Durlan, of 5.49 percent, which climbed the average price to 980 euros per square meter. In the settlement of Pantelej, prices rose by 1.9 percent in September, to 1,019 euros.
In third place in terms of growth rate in Nis in September is the settlement of Palilula, where the prices per square meter grew by 0.76 percent and raised the average price per square meter to 1,060 euros.
In the center of Nis, on Nemanjic Boulevard, the average price per square meter in September remained the same 1,443 euros.
IN PANČEVO GROWTH MORE THAN 4 PERCENT
In Kragujevac, the price per square meter grew by 2.22 percent, and the average price per square meter in this city in September was 828 euros.
In Pancevo, the average price per square meter in September was 1,013 euros, which means that it increased by as much as 4.22 percent compared to the month before.
WHEN WILL THE PRICE FALL?
As Goran Rodić from the Construction Chamber of Serbia told "Blic Biznis", only in the case that the supply is higher than the demand, and in larger cities, we can expect a significant drop in real estate prices.
- Also, at the moment when citizens stop buying apartments for cash, when that line of financing ends, we can expect that prices will fall - says Rodić.
According to the data, as much as 80 percent of the apartments bought this year were just bought with cash.
- Another factor, which is crucial for the reduction in prices, are the prices of construction materials, and at the moment when it stops becoming more expensive, we can expect that the growth of prices per square meter will stop - Rodić continues.