|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.|
VOZODOVAC - Apartments
|30 sq. m.||52,740||229||5.22%||1,758||
|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.
Be the first to comment on this article!
Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.
Fortnightly updates from the global property arena directly to your inbox.
Connect to professional advice in Serbia
Which parts of the world are most attractive for property investment today?