In previous years, real estate prices increased in all countries of the region. Despite the increase in real estate prices in Sarajevo, they are still much more favorable than most other capital cities of the former Yugoslavia.
The average price of a square meter in Sarajevo during 2021 was around 1.250 euros, while the most expensive square meter was around 3.065 euros.
With these prices, Sarajevo has acquired the ”title” of the most expensive city in Bosnia and Herzegovina (BiH), and as Sarajevo real estate agents say, buyers first choose new buildings, and the factors that influence the choice of an apartment are the location, the number of floors in the building, as well as parking.
Belgrade: 2.500 euros per square meter
By far the most money in Serbia needs to be allocated if you want to become the owner of real estate in Belgrade. According to the report of the Serbian Republic Geodetic Institute, the most expensive square meters are sold in the Belgrade municipality of Savski Venac, where the average price of a square meter is 3.328 euros.
Montenegro: 1.219 euros per square meter
Montenegro is just another of the countries that failed to resist the trend of rising real estate prices. According to the data of the Statistical Office of Montenegro (MONSTAT), in Montenegro in the first quarter of 2021, the average price per square meter was 1.219 euros, which is 29.7 percent more compared to the beginning of the previous year.
The highest price per square meter was recorded in the coastal regions, where the average real estate price was 1.298 euros, which is interestingly higher than in Podgorica.
Zagreb: 1.886 euros per square meter
The average price of apartments in new construction in Zagreb in the first half of 2021 was 1.886 euros per square meter, while in other parts of the country, the price was slightly lower – 1.648 euros, according to data from the Croatian Bureau of Statistics.
In addition to the location, appearance, and quality of construction, the difference in apartment prices is influenced by many other factors, such as the state of the labor market, the level of loan interest rates, the relationship between supply and demand, as well as the overall economy of the country.
Ljubljana: 3.000 euros
In Slovenia, there has been a problem of lack of real estate for decades, and according to Slovenian real estate agents, there is a lack of more affordable apartments – with a price of around 3.000 euros, which a larger number of citizens could afford.
According to data from the Statistical Office of the Republic of Slovenia (SURS), real estate prices in Slovenia ”jumped” by 4.5 percent in the second quarter of 2020, compared to the first quarter. According to SURS, the price per square meter exceeded 2.900 euros for the first time in 2020. In contrast to Ljubljana, prices in other, smaller places are more favorable and range around the average price of 2.000 euros per square meter.
