Real estate prices in Bosnia and Herzegovina (BiH) are constantly rising, and apartments are reaching astronomical figures. Despite the increase in prices, the statistics show that the number of sold apartments is almost not decreasing, and this especially refers to Sarajevo, Banja Luka, Tuzla, but also Neum.
In Sarajevo, the price of one square meter in the city center is 5 to 6 thousand, and on the outskirts about 2.500 BAM. According to real estate agencies, apartments are more in demand and there is no need to advertise apartments. The demand is huge, but the supply is decreasing, which is why prices do not stop rising.
”Apartments in Neum are in demand like never before, but the offer is very small because there is simply no construction. The price of apartments in Neum depends on the location, that is whether it is in the first row to the sea, near the sea, or across the highway. By the sea, a square costs 3.000 euros, a little further from the sea about 2.200, and around the highway 1.500 euros. Of course, the price also depends on the condition of the property. Neum has been extremely desirable in recent years. There are plenty of luxury villas, some for sale and some not. All of them are over a million BAM. Villa Gabriel is one of the best in Neum, located in a great location and has a private beach. It is newly built and decorated with great style. Villa Gabriel costs more than a million euros. There are other good properties for which there is great interest,” they say from the real estate agency ‘Adria Nekretnine’ in Neum.
The Sarajevo real estate agency Sigenx also points out that there is great interest in buying in Neum.
”A few days ago, we sold a business space in Neum at a price of 2.000 euros per square meter. Also, there is a great demand for apartments. The new road, which should open soon, will raise the price even more. Prices have gone up due to demand, but also higher prices for construction materials because less is being built now. A square meter in Neum, depending on the location, ranges from 1.500 euros per square meter (above the highway), up to 3.000 – 3.300 euros for apartments that are in the first row and overlooking the sea. All this affects the cost of renting apartments, which has risen this year. In the future, the price of real estate at sea will grow even more,” says Spaho Ljajic from the Sigenx agency, Biznis Info writes.
E.Dz.
