Niš Takes Over! While Belgrade still holds the title of the most expensive real estate market in Serbia, Niš has shown in the last quarter of the previous year that it is the new king of apartment sales growth. With an astonishing 43.6% increase in real estate sales, Niš has surpassed Novi Sad and Kragujevac, which also recorded solid growth of around 20%. During the pandemic, weekend houses were hot, then garages, and now apartments are at the top of the list, with sales growing by 13% compared to the previous year.
Prices in Niš: Stability or Opportunity? The average price per square meter of an apartment in Niš is currently around 1,100 euros, a slight correction compared to the previous year, but still significantly lower than Belgrade. The most sought-after are two- and three-bedroom apartments between 50 and 70 square meters, ideal for young couples and families. Foreign buyers increasingly look at one-bedroom apartments as a first investment or for renting out.
Why Niš? The expansion of Niš is no accident. The city has experienced significant economic development, infrastructure projects, and investments that attracted buyers and investors. People are turning to markets where prices are still affordable and the potential for growth is huge. New modern residential complexes are popping up like mushrooms after rain, and migration to southern Serbia further fuels demand.
Cash Purchases and Market Caution Interestingly, about 80% of real estate purchases in Niš are made in cash, with only one in four apartments bought on credit. Buyers today are much more cautious, seeking quality and realistic prices, while sellers must adjust their offers to remain competitive. Experts predict the market will remain stable, with possible minor corrections due to economic factors.
Belgrade Still on Top, But… Belgrade still has the highest number of sold apartments, but the market growth pace has slowed. Prices have reached high levels, so investors and buyers are looking for alternatives. Niš, Novi Sad, and Kragujevac are now setting the growth pace.
Conclusion: Niš is the New Star on Serbia’s Real Estate Map! If you thought Belgrade was the only option for buying an apartment, think again. Niš has proven it can compete with the big players and might be a better opportunity for those seeking quality at an affordable price.
So, what about you? Would you dare to invest in Niš or are you loyal to Belgrade? Share your thoughts, maybe your story will change someone’s view on the real estate market!
