Belgrade Real Estate Market
Official RGZ data and expert analysis — Q4 2025.
Updated: March 2026 · Source: Republic Geodetic AuthorityKey Market Indicators
€2,4 mlrd
Market value in Serbia — record level
37,386
Purchase agreements (+6.9% YoY)
€2,763/m²
Average apartment price in Belgrade (resale)
31,8%
Apartments purchased with mortgage (+7pp YoY)
Apartment Prices by Municipality — Belgrade Q4 2025
Average prices per m² based on actual purchase agreements (RGZ data)
| Municipality | Resale €/m²↓ | Trend | New-build €/m² | Trend |
|---|---|---|---|---|
| Stari Grad | €3,832 | +12% | €3,648 | -14% |
| Vračar | €3,542 | +9% | €3,670 | +7% |
| Savski Venac | €3,370 | +12% | €4,792 | 0% |
| Novi Beograd | €3,158 | +18% | €3,520 | +7% |
| Zvezdara | €3,026 | +21% | €2,819 | +10% |
| Zemun | €2,892 | +22% | €2,604 | +11% |
| Voždovac | €2,694 | +17% | €2,900 | +4% |
| Palilula | €2,685 | +11% | €2,560 | -5% |
| Čukarica | €2,621 | +18% | €3,003 | +3% |
| Rakovica | €2,291 | +23% | €2,692 | +16% |
Source: Republic Geodetic Authority — Report on the real estate market in Q4 2025. Prices are averages and may vary depending on exact location, condition and floor level.
Q4 2025 Records
Most impressive transactions recorded in official registers
Most Expensive Apartment
€1,376,602
90m², Savski Venac
Most Expensive m²
€15,298/m²
Savski Venac
Most Expensive House
€1,000,000
Savski Venac
Most Expensive Garage
€60,000
Savski Venac
Apartment Prices in Residential Complexes — Belgrade Q4 2025
Average new-build prices in Belgrade's most prominent residential complexes
Beograd na vodi
Savski Venac
€4,685/m²
3,014 – 6,030
SAVA RESIDENCE
Voždovac
€3,954/m²
3,755 – 4,341
SOUL 64
Novi Beograd
€3,885/m²
2,959 – 5,461
The One
€3,847/m²
2,985 – 4,720
Wellport
€3,615/m²
2,672 – 4,075
KVART 64
€3,545/m²
3,039 – 3,959
Banovo Brdo Residences
€3,393/m²
3,154 – 3,821
Airport Garden
€3,282/m²
2,179 – 4,179
LUX 51
€3,103/m²
2,444 – 3,629
Victory Gardens
€3,053/m²
2,552 – 3,692
Price Comparison Across Major Serbian Cities
Average apartment prices in Q4 2025 — official RGZ data
Beograd
Resale
€2,763/m²
+20%New-build
€2,717/m²
+10%Market Value
€1,17 mlrd
Novi Sad
Resale
€2,325/m²
+11%New-build
€2,312/m²
+12%Market Value
€262 mil
Niš
Resale
€1,637/m²
+20%New-build
€1,753/m²
-1%Market Value
€108 mil
Kragujevac
Resale
€1,477/m²
+30%New-build
€1,555/m²
+9%Market Value
€50 mil
Mortgage Calculator
Calculate your estimated monthly payment for your future apartment
Monthly Payment
€601
Loan Amount
€120,000
Total Paid
€180,224
Total Interest
€60,224
* This is an approximate calculation. Actual terms depend on your bank and creditworthiness. Contact your bank for a precise offer.
Download Market Reports
Free PDF reports with detailed real estate market analysis
Apartment Prices — Quick Overview
Average prices by municipality, trends, records. 4 pages.
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Complete RGZ data, tables, charts. 15 pages.
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Frequently Asked Questions
What is the average apartment price in Belgrade in 2025?+
The average apartment price in Belgrade in Q4 2025 is €2,763/m² for resale and €2,717/m² for new-build properties, according to official data from the Republic Geodetic Authority.
Which is the most expensive municipality in Belgrade for buying an apartment?+
The most expensive municipality is Savski Venac with an average new-build price of €4,792/m², which includes projects like Belgrade Waterfront. For resale, Stari Grad is the most expensive at €3,832/m².
Are apartment prices in Belgrade rising?+
Yes, in Q4 2025 all Belgrade municipalities recorded resale price growth ranging from 9% to 23% year-over-year. The highest growth was recorded in Rakovica (+23%) and Zemun (+22%).
How many apartments in Belgrade are purchased with a mortgage?+
In Q4 2025, 39.8% of apartments in Belgrade were purchased with mortgage financing, a significant increase from 29.7% in the same period of the previous year.
How does the free property valuation work?+
Our expert agents analyze your property based on location, condition, floor level, and current market data. The valuation is completely free and without obligation — you receive the result within 24 hours. Request a valuation on our website or call us at +381 63 867 3560.
What are the most popular locations for buying an apartment in Belgrade?+
According to Q4 2025 data, the highest number of transactions were recorded in Novi Beograd, Voždovac, and Zvezdara. For luxury properties, Savski Venac (Belgrade Waterfront, Dedinje) and Vračar dominate. Browse our listings by municipality for current prices and available apartments.