The Most Expensive Apartment in Serbia Sold for €1.4 Million in the First Quarter

The most expensive house was sold in the Belgrade municipality of Vračar for €2.2 million. The most expensive garage space in the first quarter of 2025 was sold for €66,000 in the Belgrade municipality of Savski Venac.

The total value of real estate transactions in Serbia in the first quarter of 2025 amounted to €1.7 billion, which is 9.3 percent more than in the same period in 2024.

The number of purchase agreements was 28,705 and was 2.4 percent lower than during the same period last year.

Apartments dominate the market
The highest share in the total value of real estate transactions was accounted for by apartment sales, with just over €1 billion, making up 59 percent of the total transaction value.

Out of the €1.7 billion, €376.2 million came from the partially regulated market.

For houses, €142.7 million was allocated (eight percent of the total value), for construction land €119.1 million (seven percent), for commercial spaces €76.8 million (four percent), and for agricultural land €55.6 million (three percent).

According to the Statistical Office of the Republic of Serbia, 11 percent of all real estate transactions were financed through loans. This represents an increase of four percentage points compared to the same period of the previous year.

Loans were mostly used for purchasing apartments. In fact, 25 percent of all apartment purchases were financed this way, which is 18 percent more than in the same period last year.

In the first quarter, the number of purchase agreements increased compared to the same period last year in Niš (24.2 percent), Kragujevac (2.9 percent), and Novi Sad (1.3 percent). In Belgrade, however, a decrease of 1.6 percent was recorded.

In Belgrade, a total of €536.9 million was spent on apartments.

The public notary office of Dragina Divac, under the jurisdiction of the Second Basic Court in Belgrade, submitted 425 purchase agreements totaling €65.1 million.

This represented the highest number of purchase agreements, as well as the office with the highest transaction volume in the first quarter of 2025.

The public notary office of Dragina Divac also recorded the highest transaction volume in the partially regulated real estate market, amounting to around €27.1 million.

It was also the office with the highest number of submitted agreements in the partially regulated real estate market — 183 agreements in the first quarter of 2025.