ARTICLES LABELLED WITH TAG Cordon

Belgrade's real estate market is showing signs of a mild recovery this year, though significant changes are not expected in the short term, according to a Cordon report.

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.

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.

Belgrade’s residential market is not cooling down with demand remaining strong and price growth continuing, according to real estate agency Cordon’s report for Q2 2023.

Total transaction volume in the first quarter in Belgrade was €537 million, which represents a decrease of around 5 % compared to the overall amount of €563 million which was registered in the first quarter of 2022, but the overall amount spent is still extremely high, real estate agency Cordon reports.

The total transaction volume for last year in Belgrade's residential market was €2.67 billion, which represents an increase of around 28% compared to the overall amount of €2.06 billion which was registered in the year 2021. This also represents the largest year-on-year increase in recent years, which was caused by the rise in transactions in Q2 when the Ukrainian war broke out, and the rise in transactions in Q4 when it became evident that rents in Belgrade doubled in certain parts of the city as a result of the influx of population from Ukraine and Russia, real estate agency Cordon reports.

Real estate consultancy Cordon has published its monthly reports based on 500 ads for apartments that were available for lease for Belgrade in February of 2023.

Belgrade’s residential market recorded a quarterly transaction volume of €826.4 million in Q4 2022, the highest on record, local real estate consultancy Cordon reports.

Prices in Belgrade’s residential market are still showing double-digit increases compared to the previous year. Local real estate consultancy Cordon published a report summarising the key trends driving Belgrade’s residential market in Q2 2022.