Kosmaj Real Estate Boom: Houses with Pools Now Cheaper Than Belgrade Apartments

The real estate market in Kosmaj, Serbia, has experienced a significant boom in recent years, transforming it into a highly sought-after location. Families are increasingly relocating to this area, attracted by its peaceful environment and the prestige associated with its modern, well-designed residential complexes. These developments often include luxurious homes equipped with sports facilities and other amenities, offering a lifestyle that rivals that of more established upscale areas.

Currently, the cost of an average 70-square-meter apartment in Belgrade can purchase a house with a pool in Kosmaj, situated just a 45-minute drive from the capital's center. However, the market also features high-end properties, with some exclusive villas priced comparably to luxury residences in Belgrade's affluent Dedinje and Senjak neighborhoods, fetching millions of euros, according to the real estate portal 4.zida.rs.

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Modern new construction with a pool, summer house, and landscaped yard is most often around 2,200 euros per square meter today, with certain deviations depending on the quality of construction and location.

Nenad Zorić, founder and director of "Meta Real Estate," notes a shift in buyer demand over the past two years. While interest in weekend homes remains strong, there's a growing preference for houses suitable for permanent residency, creating a relatively balanced market between the two categories. New construction projects are concentrated in the Rogača, Nemenikuće, and Drlupa settlements, with Babe and Dučina also showing significant growth potential despite lower current supply.

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At the top of the market are exclusive villas whose value reaches up to 2.6 million euros, although such properties are generally not subject to public advertising.

Prices for houses in Kosmaj range from 710 to 3,700 euros per square meter. Zorić emphasizes that the price per square meter alone isn't the sole indicator of value; factors like location, land size, plot condition, additional features such as pools and sports courts, and the quality of the house's interior significantly influence the final price. Modern new builds with pools and landscaped yards typically cost around 2,200 euros per square meter. The market also presents more affordable options, like a 77-square-meter wooden house on a large plot for 140,000 euros, and a well-equipped 223-square-meter home with a pool for 240,000 euros.

At the upper end of the market, exclusive villas can reach up to 2.6 million euros, though these are rarely advertised publicly. Zorić points out that luxury properties valued up to 1.6 million euros are currently available, characterized by superior architecture and prime locations, indicating a continuous development in Kosmaj's luxury real estate segment. While the majority of buyers are Serbian nationals, Zorić observes a decline in interest from foreign buyers, particularly Russians, compared to the period immediately following the war in Ukraine.

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The largest number of buyers come from Serbia, while the interest of foreign citizens, especially buyers from Russia, is less than in the period immediately after the start of the war in Ukraine.