Serbia’s real estate market started 2026 with noticeable growth. In the first quarter, the total value of transactions reached nearly €2 billion, up 13.9% compared with the same period last year. The number of purchase agreements also increased, rising by 6.2% year-on-year to 30,795 transactions.

🏙️ This dynamic shows that the market is not growing only because of higher prices. The increase in the number of agreements points to sustained buyer activity, especially in the country’s largest cities. For investors, this is an important signal: Serbia remains one of the most active real estate markets in Southeast Europe.

🏘️ Apartments remain the main market segment. In the first quarter, they accounted for around €1.2 billion, or 62% of the total transaction value. More than half of this amount was concentrated in Belgrade, where apartment purchases totalled around €643 million.

📌 The market structure in the first quarter was as follows:

— apartments: around €1.2 billion;
— houses: €152 million;
— construction land: €122 million;
— commercial premises: €92 million;
— agricultural land: €49 million.

🌆 Belgrade remains the key centre of demand. The capital recorded 7,343 purchase agreements, up 9.5% compared with the same period last year. Novi Sad also posted growth, with the number of transactions increasing by 6.1% to 2,246 agreements.

📉 At the same time, the regional picture remains uneven. In Niš, the number of transactions fell by 4.6% to 1,059 agreements. In Kragujevac, the decline reached 6.1%, with 678 transactions recorded. This shows that Serbia’s market cannot be assessed only through national-level statistics. Belgrade and Novi Sad continue to drive the overall figures upward, while some regional markets are already facing more moderate demand.

💶 Another important signal is linked to mortgage financing. In the first quarter of 2026, 14% of all real estate transactions were financed through loans. This is 3 percentage points higher than a year earlier. In the apartment segment, the share of mortgage-financed transactions rose even more sharply, from 25% to 33%.

🏦 The return of mortgage buyers shows that bank financing is gradually becoming a demand factor again. At the same time, the market still relies heavily on buyers using their own funds, which helps support price stability even during periods of more expensive borrowing.

💎 The upper price segment is once again concentrated in Belgrade. The most expensive apartment of the quarter was sold in the Stari Grad municipality for €2.6 million. The same area also recorded the highest price per square metre, around €12,000 per m². The most expensive house was sold in Savski Venac for €2.1 million, while the most expensive garage space in Stari Grad cost €77,000.

📊 These transactions show that Belgrade’s high-end segment is strengthening amid limited supply. Buyers are willing to pay more for central locations, new projects, views, infrastructure, and strong property liquidity.

📍 For buyers and investors, the key takeaway is that Serbia is entering 2026 with a strong demand base. Growth of 13.9% in transaction value and 6.2% in the number of agreements shows that the market remains active, rather than simply becoming more expensive on paper.

🔎 Belgrade and Novi Sad remain the most resilient destinations. Current property offers in these and other regions of Serbia are available on our website.