Rough estimates for orientation — not official RGZ realized prices.
Petrovaradin estimate
€1.950/m²
Resale
€0/m²New build
Sremska Kamenica estimate
€1.850/m²
Resale
€0/m²New build
Zlatibor estimate
€1.800/m²
Resale
€2.100/m²New build
Vrnjačka Banja estimate
€1.500/m²
Resale
€1.700/m²New build
Pančevo estimate
€1.450/m²
Resale
€1.600/m²New build
Užice estimate
€1.200/m²
Resale
€1.350/m²New build
Subotica estimate
€1.200/m²
Resale
€1.350/m²New build
Stara Pazova estimate
€1.200/m²
Resale
€1.350/m²New build
Aranđelovac estimate
€1.150/m²
Resale
€1.300/m²New build
Čačak estimate
€1.150/m²
Resale
€1.300/m²New build
Inđija estimate
€1.100/m²
Resale
€1.250/m²New build
Kraljevo estimate
€1.100/m²
Resale
€1.250/m²New build
Smederevo estimate
€1.050/m²
Resale
€1.200/m²New build
Zrenjanin estimate
€1.050/m²
Resale
€1.200/m²New build
Valjevo estimate
€1.050/m²
Resale
€1.200/m²New build
Ruma estimate
€950/m²
Resale
€1.100/m²New build
Sremska Mitrovica estimate
€950/m²
Resale
€1.100/m²New build
Kruševac estimate
€950/m²
Resale
€1.100/m²New build
Jagodina estimate
€950/m²
Resale
€1.100/m²New build
Leskovac estimate
€900/m²
Resale
€1.050/m²New build
Sombor estimate
€850/m²
Resale
€1.000/m²New build
Kikinda estimate
€700/m²
Resale
€850/m²New build
Average price per m² — Rent
Active listings on kaza.rs, monthly prices.
Serbia's housing stock
Apartments and buildings per city — from the national cadastre, with population and average age from the 2022 Census.
920.187Apartments
61.291Buildings
120Cities
City
Apartments
Buildings
Population
Avg. age
Beograd
399.027
27.682
1.681.405
42,7
Novi Sad
165.563
9.447
368.967
40,8
Niš
40.022
1.872
249.501
43,4
Kragujevac
25.217
1.137
171.186
43,5
Subotica
21.245
878
123.952
43,9
Čačak
19.677
656
105.612
44,5
Kraljevo
17.109
657
110.196
44,8
Pančevo
14.561
1.171
115.454
43,6
Valjevo
14.089
736
82.169
44,9
Jagodina
11.897
635
64.644
44,7
Zrenjanin
11.599
546
105.722
44,8
Loznica
9.676
471
72.062
44,1
Bor
8.884
809
40.845
44,8
Smederevo
7.193
430
97.930
43,2
Sremska Mitrovica
6.796
502
72.580
44,6
Šabac
6.407
519
105.432
43,7
Sombor
6.090
480
70.818
46,0
Leskovac
5.681
444
123.950
44,4
Source: RGZ cadastre; SORS — 2022 Census.
How property prices have grown
Average price per m² from 2008 to present — Srbija (BIS property price index)
+49.5%
Price growth in Serbia since 2019. (Beograd, 2019–2025)
+8.1%
Annual growth in Serbia (2023 — 2024)
€1.675/m²
Serbia average (Q3 2025)
Real estate as an investment
What would your money be worth today if you'd put it into a Serbian apartment — versus gold, the S&P 500, and famous stocks?
Logarithmic scale — the gap between the top stocks and the rest is enormous, so the axis is logarithmic.
This is historical data, not a forecast. The stocks shown are among the most famous companies and historical winners — past returns don't guarantee future ones. Not investment advice. Real-estate return is price growth (BIS/NBS index); optionally plus estimated net rent (~3.5%/year).
Sources: real estate — BIS / NBS (residential property price index); stocks and gold — Alpha Vantage (total return, dividend-adjusted); EUR/USD — ECB.
Logos are the property of their respective companies. Kaza.rs is not affiliated with or endorsed by them.
How much would your property be worth today?
Calculate your monthly payment, total interest, and the full cost of buying a property in Serbia.
Serbia average
Serbia average
Beograd
Novi Sad
Niš
Kragujevac
Zlatibor
Ruma
Pančevo
Vrnjačka Banja
Smederevo
Leskovac
Inđija
Mladenovac
Kraljevo
Obrenovac
Sombor
2019
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
What the data says
Analysis of 1.463 sale listings — prices are adjusted to market growth
Most popular apartment sizes
Studio (<35m²)
7.1%
1 bedroom (35-50m²)
16.1%
2 bedrooms (50-65m²)
17.2%
3 bedrooms (65-80m²)
13%
4 bedrooms (80-100m²)
10.7%
Large (100m²+)
36%
What price range are most properties in
up to €50.000
20.2%
€50.000 — €100.000
28.9%
€100.000 — €150.000
17.9%
€150.000 — €200.000
8%
€200.000 — €300.000
6.4%
€300.000+
18.6%
Most expensive neighborhoods — Beograd
Source: RGZ Price Register
1.Senjak€4.000/m²
2.Dedinje€3.800/m²
3.Stari grad€3.629/m²
4.Diplomatsko naselje€3.500/m²
5.Kosančićev venac€3.500/m²
6.Diplomatska kolonija€3.500/m²
7.Vračar€3.493/m²
8.Čubura€3.300/m²
9.Savski venac€3.268/m²
10.Dorćol€3.200/m²
11.Neimar€3.200/m²
12.Slavija€3.000/m²
13.Belvil€3.000/m²
14.Profesorska kolonija€3.000/m²
15.Novi Beograd€2.970/m²
Most expensive neighborhoods — Novi Sad
Source: RGZ Price Register
1.Stari Grad€2.850/m²
2.Liman 1€2.750/m²
3.Liman 2€2.700/m²
4.Liman 3€2.650/m²
5.Grbavica€2.600/m²
6.Liman 4€2.550/m²
7.Adamovićevo Naselje€2.400/m²
8.Rotkvarija€2.300/m²
9.Sajmište€2.200/m²
10.Banatić€2.100/m²
11.Novo naselje€2.100/m²
12.Podbara€2.100/m²
13.Detelinara€2.050/m²
14.Telep€2.000/m²
15.Bistrica (Novo Naselje)€2.000/m²
Most expensive neighborhoods — Niš
Source: RGZ Price Register
1.Centar€1.600/m²
2.Medijana€1.500/m²
3.Palilula€1.300/m²
4.Pantelej€1.200/m²
5.Crveni Krst€1.100/m²
Building age vs. price per m²
Before 1970
€1.648/m²
1970 — 1989
€1.392/m²
1990 — 2004
€1.145/m²
2005 — 2014
€1.747/m²
2015+
€1.998/m²
Price by number of rooms
1 room
€1.857/m²
€58.303
~32m² · 103 listings
2 rooms
€1.727/m²
€84.193
~51m² · 388 listings
3 rooms
€1.544/m²
€119.715
~80m² · 357 listings
4 rooms
€1.468/m²
€159.490
~115m² · 208 listings
5 rooms
€1.229/m²
€204.553
~180m² · 91 listings
6 rooms
€978/m²
€213.670
~202m² · 69 listings
How much do prices actually drop?
-9.4%
Average reduction
€7.703
Average reduction in euros
202
Listings with reduced price
Apartment vs. house
How apartment and house prices differ — based on 1.308 listings
Apartment
Average price per m²€1.870
Average price€114.291
Average area60m²
Number of listings835
House
Average price per m²€967
Average price€179.873
Average area179m²
Number of listings473
When is the best time to buy a property?
Seasonal trends and selling speed — analysis of sale listings on kaza.rs
When are most listings posted?
96Jan
73Feb
130Mar
113Apr
170Maj
120Jun
142Jul
110Avg
123Sep
93Okt
58Nov
53Dec
May & Jul have the most listings — competition is higher. Nov/Dec have the fewest — better choice for buyers.
How many days does a property wait for a buyer?
Pančevo
90 days
Kraljevo
93 days
Smederevo
96 days
Beograd
103 days
Novi Sad
105 days
Niš
111 days
Mladenovac
117 days
Zlatibor
121 days
Ruma
135 days
Vrnjačka Banja
141 days
Kragujevac
148 days
90
Fastest city Pančevo
148
Slowest city Kragujevac
171
Average number of days before first price reduction
How many average salaries for a 60m² apartment?
How many years of average net salary are needed to buy an apartment in each city
Beograd
12,8
years of average salary
Average net salary: €1.050/mes
Apartment price (60m²): €161.460
Price per m²: €2.691
Salary: Bureau of Statistics, 2026
Novi Sad
12,4
years of average salary
Average net salary: €920/mes
Apartment price (60m²): €136.680
Price per m²: €2.278
Salary: Bureau of Statistics, 2026
Niš
10,5
years of average salary
Average net salary: €750/mes
Apartment price (60m²): €94.140
Price per m²: €1.569
Salary: Bureau of Statistics, 2026
Kragujevac
9,2
years of average salary
Average net salary: €730/mes
Apartment price (60m²): €80.340
Price per m²: €1.339
Salary: Bureau of Statistics, 2026
Explore the real estate market on the map
View prices per square meter for each property, filter by city, type and price. All information in one place.
Data source: BIS (Bank for International Settlements), RGZ (Republic Geodetic Authority), RZS (Statistical Office of the Republic of Serbia), active and historical listings on kaza.rs. Off-market prices are adjusted to the property price growth index (~8% annually). Salaries are average net salaries by city (RZS, January 2026). Last index update: Q3 2025
Source: RGZ Price Register (Q3 2025). Resale + New build.
For journalists & researchers: feel free to cite the data on this page with attribution to “Kaza.rs” (primary sources: RGZ, RZS). For city‑level data or a comment: [email protected]