The trend of rising prices on the real estate market has been present during the last 12 months. Despite the popular opinion, the biggest price increase was not achieved by Belgrade, but by Nis in which the price per square meter in some locations has risen by over 400 euros.
Real estate price growth trend continues (Photo: Pixabay)
According to the advertising portal Nekretnine.rs in Bulevar Nemanjića in Niš, the price of the average square meter jumped by about 34.64 percent in one year ie 413 euros, reports Blic.
Prices have risen in other locations in Nis, the higher the percentage, the higher the growth. That’s right in Pantelej, the price of the average square meter increased by 46.39 percent from April last year to April this year that is, it was increased by 405 euros. In the last year, the average square meter in Durlan has risen by 216 euros, and in Palilula by 352 euros.
Still, these are average advertised pricesif we look at the RGZ report for last year, the average price of old buildings in the entire city of Nis was 895 euros. The cheapest apartment in the old building was sold for 320 euros, and the most expensive for 1,560 euros per square meter. In the case of new construction, the average price was 1,010 euros. The lowest paid square meter of new construction was only 380 euros, while the most expensive was 1,595 euros.
Real estate prices are rising because there is still not enough supply in the whole market to cover the demand for real estate, either as housing or as a “safe oasis” for capital, which was confirmed to Blic by experts and experts in the real estate market.
– The law of supply and demand also applies to real estate markets, and considering that the current offer does not meet the needs, the conclusion is that it is still the main factor in price growth, says for “Blic Biznis” the leader of the sales team of the advertising portal, Jelena Davidovic.
Source: Gradjevinarstvo.rs – VESTI by www.gradjevinarstvo.rs.
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