Republika Srpska has been one big construction site for a long time and the buildings are springing up almost overnight. In the area of Banja Luka alone, 110 construction sites are currently active, and no less in number in Doboj, Trebinje, Bijeljina or East Sarajevo. The reason for the general demand for apartments in Srpska is, above all, in larger centers, that citizens are increasingly turning to investing in real estate and not in banks, say the interlocutors. News.
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They say that lately, citizens from the diaspora, as well as the local population, have been buying apartments in Srpska.
Zoran Pavlović, an economic analyst, says that smaller apartments are bought by locals, and larger apartments by people from the diaspora.
– Both are running away from “cash”. How is it due to the rise in price of construction materials, the price of real estate has increased, citizens now have the attitude that the money invested in real estate will not lose, but that the value of real estate will grow. And they are right there. The math for the citizens is simple, because by renting the purchased apartment they paid, for example for 100,000 marks, they earn more money on an annual level than if they keep that money in a bank in savings – Pavlović explains.
Marko Đogo, professor Faculty of Economics The University of East Sarajevo says that low interest rates on savings in banks are one of the reasons why citizens are buying apartments en masse and that housing construction has flourished in Srpska.
– The mass construction of buildings is also a consequence of the strengthening of tourism, which attracts more and more visitors to Srpska. Citizens see a chance that if they have a property, they can rent it, especially now that you have the popular “apartment for a day” options. Real estate in Banja Luka or Trebinje is now an excellent investment and a good source of secure income. That is the reason for the mass sale of apartments – Djogo points out.
Sasa Kondic, owner of the company Hydropower which is building facilities with 500 apartments in the Banja Luka settlement of Ada, says that regardless of the fact that apartments are being built en masse, the demand is still higher than the supply.
– There is a great demand for apartments. The price per square meter of the apartment will definitely only grow and it will be difficult to buy an apartment in Banja Luka next year at this year’s prices – Kondic points out and explains that in the last two years, the price of a square meter of an apartment in Banja Luka has increased by 30 percent.
According to the official data of investors in RS, the price per square meter of an apartment is the highest in Banja Luka, where the price ranges from 2,200 to 3,200 KM, depending on the location. Investors estimate that by the end of the year, the square of the apartment in the center in Banja Luka will be up to a record 4,000 marks.
In Doboj, which has dozens of active construction sites, the price per square meter ranges from 1,400 marks to 1,800 KM. Trebinje, which has been one of the top destinations for real estate investment in recent years, has a large range in prices. Thus, the square meter of an apartment in the largest city in Herzegovina ranges from 1,600 to 2,700 KM. About 1,000 apartments are currently being built in Trebinje, and the plan is to start building as many more.
Saša Đogo says that real estate in RS, especially Banja Luka, Trebinje or East Sarajevo, is tempting to buy because of Jahorina because they offer good income from renting, and they are cheaper than real estate in Belgrade, Zagreb or Split …
Source: Gradjevinarstvo.rs – VESTI by www.gradjevinarstvo.rs.
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