Most expensive apartment in Belgrade’s Stari Grad sold for €2.6 million

Serbia’s real estate market reached a value of €4.2 billion in the first half of 2026, rising 10.1% from the same period a year earlier, the Republic Geodetic Authority said.

The country’s most expensive apartment sold for €2.6 million in Belgrade’s Stari Grad municipality. It also set the highest recorded price per square metre, at €12,000. The most expensive house changed hands in Savski Venac for €2.1 million, while a garage space in Stari Grad sold for €77,000.

The average apartment price stood at €100,157, compared with €39,334 for houses. The market recorded 61,343 sale contracts, a marginal increase of 0.2%. Apartment market value rose 11.4%, although the number of contracts fell 1.9%. Commercial property value increased 30%, alongside a 6.4% rise in contracts. Garage property value grew 16.8%, with contracts up 9.6%.

Construction land recorded a 3.2% increase in value and a 14.9% rise in contracts. House values increased 7.5%, while house contracts fell 2.2%. Agricultural land contracts dropped 14.1%, but its market value rose 18.8%.

Apartments generated €2.5 billion, or 61% of total turnover. Houses accounted for €328 million, construction land for €282.8 million, commercial premises for €212.9 million and agricultural land for €125.6 million. Belgrade held the largest share of apartment turnover, at 55%, and also led garage, commercial property and construction land values. Vojvodina dominated agricultural land turnover at 69%, as well as house and holiday-home transactions. Mortgage financing appeared in 14% of real estate contracts, one percentage point higher than a year earlier.