|Last Updated: Mar. 29, 2014|
|NOVI BEOGRAD - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|35 sq. m.||73,605||358||5.84%||2,103||10.24|
|60 sq. m.||115,800||537||5.56%||1,930||8.95|
|80 sq. m.||148,480||682||5.51%||1,856||8.52|
|120 sq. m.||249,840||1,249||6.00%||2,082||10.41|
|SAVSKI VENAC - Apartments|
|40 sq. m.||87,000||446||6.16%||2,175||11.16|
|75 sq. m.||172,875||822||5.70%||2,305||10.96|
|120 sq. m.||338,040||1,475||5.23%||2,817||12.29|
|STARI GRAD - Apartments|
|35 sq. m.||91,455||394||5.17%||2,613||11.27|
|60 sq. m.||140,280||631||5.40%||2,338||10.52|
|80 sq. m.||182,560||777||5.11%||2,282||9.71|
|120 sq. m.||332,640||1,244||4.49%||2,772||10.37|
|VRACAR - Apartments|
|35 sq. m.||87,920||389||5.31%||2,512||11.12|
|60 sq. m.||144,240||613||5.10%||2,404||10.22|
|80 sq. m.||197,840||699||4.24%||2,473||8.74|
|120 sq. m.||350,880||1,229||4.20%||2,924||10.24|
VOZODOVAC - Apartments
|35 sq. m.||65,100||336||6.19%||1,860||
|55 sq. m.||99,110||391||4.73%||1,802||7.11|
|75 sq. m.||140,400||539||4.60%||1,872||7.18|
|120 sq. m.||246,240||930||4.53%||2,052||7.75|
| 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
Property prices in Belgrade have continued their downward momentum, which we noted last year. Square metre prices of apartments in Belgrade, particularly smaller apartments, have continued to fall, except in the lowest-cost areas we surveyed, Vozdovac and Zvezdara. Rents have also fallen throughout Belgrade.
Rental yields of apartments have fallen somewhat, except in the most expensive district (Savski Venac), where yields have improved. This district, and Novi Beograd, now have the best yields in Belgrade (rental yields are a measure of the rent obtained by letting the property, divided by the current cost of buying the property).
Square metre prices in the prime area of Savski Venad range from €1,655 to €2,414 - compare this with two years ago, when they ranged from €2,067 to €2,612. So there has been a significant fall. Average rental yields are moderately good, at 6.23%.
Square metre prices in New Belgrade range from €1,628 to €1,877 - compare this again to two years ago, when square metre prices here ranged from €1,735 to €2,022. Average rental yields are also moderately good here, at 6.14%.
The cheapest apartments remain those in Vozdovac and Zvezdara, with average square metre prices of €1,693. The values of these apartments have fallen compared to two years ago, but they seem to have risen slightly compared to last year. Yields here are moderate, with an average yield of 0.48%
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