With a 4% mortgage in Serbia, demand for real estate is declining.
Demand for housing in Serbia this year has declined significantly, noted in local real estate agencies. It happens that in Belgrade, where about 1.5 million people live, a dozen apartments are sold per month. Market experts note that the main reasons for the fall in demand for housing are low people’s salaries and additional costs associated with servicing housing loans.
Quarter Stepa Stepanovic in Belgrade. Photo: Kurir.rs.
This year, demand for housing in Serbia has declined significantly, noted in local real estate agencies. It happens that in Belgrade, where about 1.5 million people live, hardly a dozen apartments are sold per month. Market experts emphasize that the main reasons for the drop in demand for housing are low people’s salaries and additional costs associated with servicing housing loans. Citizens are increasingly abandoning mortgages despite low interest rates. Over the past month in Serbia, approved housing loans worth 120 million dinars (1 euro – 121 dinars).
Currently, the minimum level of interest rates in the country is less than 4%. Nevertheless, the Association of Real Estate Agencies of Serbia, uniting 127 companies, calls on the People’s Bank of Serbia (central bank) to reduce the level of the initial installment when buying an apartment from 20% to 10%. At present, buying a house worth 50 thousand euros, you must immediately pay 10 thousand euros.
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Serbian news on the topic.
Prices for apartments in Novi Sad vary from 600 euro per square meter. m on the outskirts of up to 1300 euros per square meter. m in the city center, noted in local real estate agencies.
New housing in Zrenjanin costs from 750 to 800 euros per square meter. m, said the owner of the local construction company Bio-Elektrik Dragan Bozhyak.
Mayor of Belgrade Sinisa Mali said that he issued the first building permits in electronic form.
News of Montenegro on the topic.
For 10 months of 2017 in the real estate of Montenegro invested 120.7 million euros, which is 17% more than a year earlier. This is reported by the central bank of the country.
For 9 months of this year, 106.7 million euros were invested in real estate in Montenegro, which is 21.3% more than a year ago, the Central Bank of Montenegro reports.
Residents of Russia are the leaders in real estate investment in Montenegro, the Central Bank of Montenegro reports on the results of data processing for 10 months of 2017.
Croatian news on the topic.
In most areas of Zagreb, real estate in October rose slightly in annual terms, Crozilla.com reported.
In September, 767 building permits were issued in Croatia, which is 30.2% more than a year earlier, according to the State Bureau of Statistics.
In October, compared with the previous month, property prices in Croatia declined by an average of 0.1%, according to the portal Crozilla.com.
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Price � / sq.m. Monstat data for the first quarter. 2017