Belgrade's 'Salonski Stanovi' Command Premium Prices as Valued Investments

Pre-war apartment buildings in Belgrade, known as 'salonski stanovi,' are fetching higher prices than newer constructions, driven by buyer confidence in their superior quality and stable value, even during market downturns. Nemanja Miljković, sales director at the real estate agency "Divis," told N1 that these apartments can even surpass the cost of good new builds.

Buyers recognize that buildings constructed nearly a century ago often exhibit better quality than many later developments. "Salonski stanovi" are typically more comfortable, featuring high ceilings and large, airy rooms. Their layout enhances the sense of space and allows for flexible adaptation to owners' needs. Many are situated in central, traditionally sought-after city areas that consistently retain their value.

Some buildings offer additional value through shared courtyards, usable for relaxation or resident parking. Fully renovated "salonski stanovi" that preserve their original characteristics are among the most sought-after and expensive older properties in their locations. Miljković considers them a sound long-term investment.

On central Belgrade municipalities like Stari Grad, Vračar, and Savski Venac, prices for "salonski stanovi" needing renovation or with drawbacks like upper floors without elevators range from 3,500 to 4,000 euros per square meter. Fully renovated apartments in prime spots can cost up to 5,500 or 6,000 euros per square meter. The total size of an apartment also influences the price per square meter; very large units over 200 square meters sometimes have a slightly lower rate because their high total price limits the buyer pool, potentially extending sales time.