RGZ points out that the real estate market in Serbia is completely transparent because all data on real estate transactions are publicly published in the Register of Real Estate Prices (RCN), which is available on the RGZ website and on the digital platform GeoSrbija, writes N1.
"During the third quarter of 2020, notaries and basic courts submitted 43,535 contracts to the Republic Geodetic Authority. The number of registered real estate transactions for the third quarter of 2020 was 29,130, and for the third quarter of 2019 it was 28,478, so there is a noticeable increase in real estate transactions compared to the same period last year, "said RGZ.
Highest prices in the third quarter of 2020.
The most expensive square in Serbia in the third quarter of 2020 is on the exclusive location Belgrade on the water and cost 9,019 euros per square meter, and the most money was set aside for the same apartment, 883,888 euros. The first seven most expensive apartments, at a unit price, were sold in Belgrade on the water, according to RGZ
When it comes to old buildings, the highest price per square meter was paid 4,301 euros for an apartment in Vracar, and the most money in the amount of 1,461,000 euros was set aside for an apartment in the Old Town.
The most expensive square meter of office space was traded on Kopaonik, while the highest contract price of office space was realized in Vracar, adds RGZ.
Among the land intended for industrial construction, Šimanovci in the municipality of Pećinci and Novi Sad are in the first place.
In the turnover of houses, the highest contract price was realized on the territory of the municipality of Savski venac.
The highest price per square meter of agricultural land was achieved in Novi Sad, and the highest contract price in Kula.
Cash payment in 9 out of 10 sales
In the third quarter of 2020, real estate was paid for in 87 percent of the turnover in cash, and in 13 percent from credit funds, according to RGZ.
Observed by types of real estate, the land was paid the most in cash - in 99% of the land turnover.
The purchase of apartments was mostly financed from credit funds, 28 percent, while 72 percent of sold apartments were sold for beef.
Based on the registered contracts in RCN, the total volume of funds on the real estate market in the third quarter of 2020 amounted to more than one billion euros. The largest share in the total funds referred to the turnover of apartments - 57 percent.
Of all types of real estate, apartments are most often traded in Serbia, and yet the share in the third quarter of 2020 was 28 percent and decreased by 4 percent compared to the same quarter in 2019.
Residential real estate
The share of residential real estate in the total turnover is also increasing, according to the RGA. Compared to the third quarter of 2019, the share of residential real estate turnover in the total turnover is higher by 1 percent and increased in all cities - in Belgrade by 21 percent, Nis by 22 percent, Kragujevac by 20 percent and Novi Sad by 40 percent.
Compared to the third quarter of 2019, an increase in the number of cottages in traffic was recorded. The number of cottages sold on the territory of the Republic of Serbia in the third quarter of 2020, compared to the same period last year, doubled - from 225 to 454 turnover, according to RGZ.
It is interesting that the jump in the increase in the turnover of cottages was recorded during the second quarter of 2020, and this trend continued in the third quarter as well. Although it is expected that the number of sold cottages will be higher in tourist places - spas and mountains, an increase in the number of sold cottages near the place of residence has been noticed.
The biggest jump in the number of sold cottages compared to the third quarter of 2019 was recorded in Novi Sad - from 8 to 35 cottages, or 4.5 times.
In the third quarter of 2020, the share of agricultural land in the total real estate turnover was 15 percent.
In the third quarter of 2020, there was an increase in the turnover of construction land compared to the same period last year by almost 2,000 turnover, or an increase in the share of turnover of construction land in total turnover by 1 percent, according to RGZ.
The turnover of construction land in relation to the third quarter of 2019 increased in all cities, in: Belgrade by 60 percent, Nis 28 percent, Kragujevac 51 percent and Novi Sad by 75 percent.
"The reasons for that should be sought in the implementation of public policy measures that influenced the change of legislation in the field of planning and construction, transparency of procedures before state and other bodies, introduction of electronic procedures, acceleration of construction permits and other parameters. the position of our country on the international list of the World Bank, which measures the ease of doing business (Doing Business) ", said the RGA.