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Last Updated: Mar. 28, 2013 |
| NOVI BEOGRAD - Apartments |
COST (€) |
YIELD (p.a.) |
PRICE/SQ.M. (€) |
| TO BUY |
MONTHLY RENT |
TO BUY |
MONTHLY RENT |
| 50 sq. m. |
81,400 |
429 |
6.32% |
1,628 |
8.58 |
| 65 sq. m. |
107,510 |
529 |
5.91% |
1,654 |
8.14 |
| 80 sq. m. |
137,920 |
721 |
6.27% |
1,724 |
9.01 |
| 120 sq. m. |
225,240 |
1,138 |
6.06% |
1,877 |
9.48 |
| SAVSKI VENAC - Apartments |
|
| 50 sq. m. |
82,750 |
398 |
5.76% |
1,655 |
7.95 |
| 85 sq. m. |
151,555 |
910 |
7.20% |
1,783 |
10.70 |
| 120 sq. m. |
264,600 |
1,511 |
6.40% |
2,205 |
11.76 |
| 200 sq. m. |
483,000 |
2,242 |
5.57% |
2,415 |
11.21 |
| STARI GRAD - Apartments |
|
| 40 sq. m. |
79,920 |
331 |
4.97% |
1,998 |
8.27 |
| 75 sq. m. |
149,625 |
597 |
4.79% |
1,995 |
7.96 |
| 120 sq. m. |
268,680 |
994 |
4.44% |
2,239 |
8.28 |
| VRACAR - Apartments |
|
| 35 sq. m. |
72,765 |
314 |
5.18% |
2,079 |
8.98 |
| 60 sq. m. |
106,740 |
476 |
5.36% |
1,779 |
7.94 |
| 80 sq. m. |
144,320 |
620 |
5.16% |
1,804 |
7.75 |
| 120 sq. m. |
285,600 |
1,115 |
4.68% |
2,380 |
9.29 |
| 200 sq. m. |
497,600 |
n.a. |
n.a. |
2,488 |
n.a. |
ZVEZDARA & VOZODOVAC - Apartments |
|
| 30 sq. m. |
52,740 |
229 |
5.22% |
1,758 |
7.64 |
| 60 sq. m. |
97,860 |
398 |
4.88% |
1,631 |
6.63 |
| 80 sq. m. |
131,600 |
476 |
4.34% |
1,645 |
5.95 |
| 120 sq. m. |
208,680 |
808 |
4.64% |
1,739 |
6.73 |
Districts researched:
Novi Beograd: NBGD - Arena, NBGD - Fontana, NBGD - opština, NBGD - Sava centar, NBGD - Fontana, Hotel Jugoslavija
Savski Venac: Dedinje, Senjak, Beli dvor - RTV Pink, Banjički venac, Savski trg - Pristanište, Klinički centar, Banjički venac Stari Grad: Centar, Dorcol, Kalemegdan, Terazije, Tasmadjan
Vracar: Vračar - Kalenić pijaca, Vračar - Hram, Slavija
Zvezdara & Vozdovac: Dušanovac, Lekino brdo, Lion, Đeram pijaca, Denkova bašta, Vukov Spomenik
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
It is a mixed picture for property in Belgrade. Square metre prices of apartments in Belgrade have continued to fall. But there has been a recovery in rents and rental yields of apartments all throughout Belgrade, in comparison with the previous year.
Compared with last year’s data, apartment prices experienced an average price drop of 8%, with Vracar experiencing the highest price falls of 13%, while New Belgrade experienced the least, at 4%.
Rental returns however showed the opposite trend. Real estate investors in Belgrade have enjoyed an average 27% increase in rental yields compared with last year, and an average increase of 36% in rental income.
Investment apartments in Vracar and Stari Grad showed the most dramatic increase in rental income, earning as much as 44% more than last year’s rental income.
Dedinje and Senjak remain as the most expensive neighborhoods in Belgrade, with apartments selling from €1,900 to €2,300. This is followed closely by neighborhoods in Vracar and Stari Grad with average square metre prices of €2,064 and €2,030 respectively.
New Belgrade apartments achieved the highest rental return, reaching 6.79%. Square metre prices in New Belgrade range from €1,635 to €1,918, an average drop of 4% from last year’s €1,735 to €2,022. Average rental yields are moderately good, at 6.40%.
The cheapest apartments remain those in Vozdovac and Zvezdara, with average square metre prices of €1,654.