Real estate in Belgrade makes this city one of the best places to live in. Whether you want to rent or buy a property, you stand to benefit from the low prices of properties when you choose a property in this city. When compared to the previous years, prices of houses, large and luxurious apartments in Belgrade have continued to drop making this city one of the cheapest cities in the region in terms of buying and renting properties. Belgrade is also famous for great leisureliness and hospitality which tourists and residents find fascinating.
Ups and downs of Belgrade real estate industry
Just like other cities, there are ups and downs of buying or renting a property in Belgrade. For instance, political and economic issues have been major worries among Belgrade residents. Unemployment rate has been very high in the past and this has affected rental income for property owners in the city and the lifestyle of residents. However, Belgrade is overcoming this past. In fact, Belgrade is among the fastest growing cities with inflation being under control. Serbia is now a very low cost country that is attracting several western manufacturers such as Fiat. These manufacturers have created employment and increased exports from Serbia. Thus, renting or buying a property in Belgrade is a wise move due to the promising economy of this city.
Rental income
Although yields from Belgrade apartments for rent have somewhat fallen, rental yields from expensive districts like Savski Venac have improved. This district as well as Novi Beograd has the best rental yields. The price of a square metre in prime areas like Savski Venac ranges between €1,582 and €2,050. Some of the cheapest apartments in the city include those in Zvezdara and Vozdovac. The average price per square metre of these apartments is €1,320.
Best neighbourhoods for buying or renting house or apartments
If you are planning to move to Belgrade, you should look for the best neighbourhood to buy or rent a house or apartment. Apart from prices, it is important to consider other factors as well. For instance, Senjak, Novi Beograd, Vracar, Stari Grad and Dedinje are the best neighbourhoods to buy or rent a house or apartment if you want to live in the most beautiful and luxurious houses and apartments in Belgrade. These have the most astonishing architecture.
Most sought-after properties
Lakefront properties in Belgrade Lakes are among the most sought-after properties. The rural population and tourists flock to the lakeside during summer. This is because Belgrade has been a favourite getaway destination for many people who have always come from near and far over the years. As such, lakefront properties have always been the most sought-after properties in Belgrade.
Generally, Belgrade is an energetic city with a great potential. The real estate industry is among the sectors that will continue to benefit from foreign companies that are expanding locally, advances of this city and the Serbian Diaspora community that is venturing back from overseas. If you are looking for a house or apartment to rent or buy, choose Belgrade as your destination.
