Real Estate Market Shock: Apartment Prices Skyrocket, Square Meter Ranging from 4,000 to 15,000 Euros

February 16, 2026

TL;DR

Serbia saw a 10.8% rise in construction permits in December 2025 compared to the previous year.
Residential construction accounts for 83.7% of all building permits issued.
5,705 new apartments were planned, with new construction making up 90.4% of the total value of works.
Belgrade leads in construction activity, accounting for 42.5% of new construction value.
Experts predict the full market impact of increased permits will be seen in 1.5 to 2 years.
Real estate prices are expected to continue increasing due to inflation and demand, with no price drop anticipated.
The price per square meter in Belgrade ranges from 3,000 to 4,000 euros, with luxury locations reaching 10,000 to 15,000 euros.

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