ARTICLES LABELLED WITH TAG Belgrade

The real estate market in Southeast Europe has been influenced by various crises in recent years, leading to lower investment levels. However, in 2025, a growth in investment activities is expected as a result of lower interest rates. Investors are particularly interested in the Balkans region, especially in Serbia, with the highest demand anticipated for investments in the hotel and residential sectors, while demand for office space is somewhat lower. These are some of the conclusions drawn by participants at the 8th edition of Balkans Property Forum 2024, organized in Belgrade by Property Forum.

Sirius Offices, the 30,000 sqm office complex based in Belgrade’s business district, has reached 100% occupancy with a mixed roster of tenants from finance, IT & telecoms, and construction. 

The first larger building that is only intended for rental was opened within the Belgrade-based Skyline project in April and is already over 30% rented, which is a good rate of rental for buildings of this type, according to an opinion of Cordon consultants. 

Belgradee’s residential market recorded transactions worth €479.6 million during Q1 2024, down by around 11% compared to the same period of 2023, but the overall amount spent is still high, according to a report by real estate agency Cordon.

The development of a new industrial building with a leasable area of 27,500 sqm has kicked off at BHM Industrial Park Belgrade (IPB), with completion expected by the end of 2024.

Radisson Hotel Group has opened in Belgrade its first hotel under the RED brand, marking its expansion in Southeast Europe.

CBRE South Eastern Europe (SEE) has advised Diófa Fund Management on acquiring Indotek’s Belgrade office portfolio. 

Total transaction volume in Q3 2023 in Belgrade was €456 million, which represents a decrease of around 21% year-on-year, according to real estate agency Cordon’s report for Q3 2023.

Brno-based Domoplan from the Fipox Group continues its expansion into Southern Europe. At the beginning of the year, it announced the construction of apartments worth hundreds of millions of crowns in Zagreb, Croatia, and now it is also entering the Serbian market. At the beginning of next year it will start construction in Belgrade, where it is planning a luxury residential project worth €20 million, reports e15.cz.

iO Partners, JLL’s preferred partner, has opened a new office in Belgrade, Serbia. From this location, the real estate consultancy will also cover neighboring countries including Croatia, Slovenia and Montenegro.