01 · Prices

Apartment prices rose 13.85% in a year.

The city median is €3,080/m². Existing and new homes average €3,096 and €3,147/m².

Current median
€3,080/m²
Q1 2026 · published Belgrade sample
Price change
+13.85%
Q1 2026 vs Q1 2025
Existing homes
€3,096/m²
Average · +14.22% YoY
New homes
€3,147/m²
Average · +12.96% YoY
02 · Areas

The centre costs more. Growth is elsewhere.

Across ten cadastral areas, medians run from €2,620 to €4,047/m².

Q1 2026 mean · all apartments

RGZ-published prices for ten cadastral units · €/m²

€2,400€5,200/m²Colour marks RGZ-published prices only

Ten cadastral areas by median €/m²

Median first; mean in brackets. Silhouettes match the mapped cadastral boundaries.

AreaMedian (mean)YoYn

Ten cadastral areas only. Stara Rakovica is not the whole City Municipality of Rakovica. Do not sum the rows into a city total. Prices: RGZ Q1 2026 market report ↗. Boundaries come from a 2021 GeoSrbija snapshot via a public mirror, which names GeoSrbija as its source but gives no reuse licence. Prices are matched by exact cadastral registry ID. Nothing is aggregated or assigned to a city municipality.

04 · Sales

Sales recovered. The peak did not.

Belgrade recorded 17,807 apartment contracts in 2025, still 18% below the 2021 peak.

2025 contracts: 18% below the 2021 peak

Apartment contracts · full years · 2020–2025

RGZ annual reports, 2020–2025. One contract may include several properties.

05 · Money

Value neared its peak. Credit returned.

Apartment sales reached €2.54bn in 2025. In Q1 2026, 39.8% involved a home loan.

Value of apartment sales neared its 2022 high

Belgrade apartment-market value · full years · €m

RGZ annual reports, 2018–2025.

Home-loan use recovered

Apartment sales involving a home loan · quarterly · Q1 2020–Q1 2026

Published, rounded quarterly observations. No synthetic annual rate.

Residential complexes

New complexes span €2,410–€5,395/m²

Thirteen Q1 2026 complexes. Published medians run from €2,410 to €5,395/m².

Belgrade Waterfront

Savski Venac
€5,395Median sale price /m²
Sales recorded: 27

Sava Residence

Voždovac
€3,961Median sale price /m²
Sales recorded: 18
Official project logo not verified

SOUL 64

Novi Beograd
€3,895Median sale price /m²
Sales recorded: 85

NEWPORT

Novi Beograd
€3,656Median sale price /m²
Sales recorded: 21

Wellport

Novi Beograd
€3,601Median sale price /m²
Sales recorded: 46

KVART 64

Novi Beograd
€3,494Median sale price /m²
Sales recorded: 14

Airport Garden

Novi Beograd
€3,268Median sale price /m²
Sales recorded: 68

Lux 51

Novi Beograd
€3,188Median sale price /m²
Sales recorded: 14

Victory Gardens

Čukarica
€2,922Median sale price /m²
Sales recorded: 23

Silva Vidikovac

Rakovica
€2,860Median sale price /m²
Sales recorded: 21

Voždov kvart

Voždovac
€2,640Median sale price /m²
Sales recorded: 37

Nemanjin grad

Voždovac
€2,585Median sale price /m²
Sales recorded: 26

Sunnyville

Palilula
€2,410Median sale price /m²
Sales recorded: 57

Median prices and samples: RGZ Q1 2026 market report ↗, Table 12, page 23. The national table includes six complexes outside Belgrade; they are omitted. Project marks come from verified first-party sites and are not data sources. Sava Residence remains text-only because no first-party logo was verified.

06 · Records

Records are not benchmarks

Records show the ceiling, not the typical market.

€15,298/m²
Highest 2025 apartment unit price · Savski Venac
€1.83m
Largest 2025 apartment purchase · 537m² · Belgrade Waterfront
€3.8m
Highest 2025 house transaction
€66,000
Highest 2025 garage-place transaction · Savski Venac

Records for 2025: RGZ 2025 annual report ↗. Q1 2026 records stay in the quarterly download; they are not mixed into the 2025 set.

Methods

Read before comparing

Compare like with like. Period, area, segment and statistic must match.

Which series takes precedence
Annual activity and valueAnnual reports lead. Quarterly sums are not substitutes.
Quality-adjusted appreciationThe revised Q4 2025 hedonic series leads. First-release values are kept for audit.
Observed transaction pricesFull-year city means through 2024 lead. H1 2025 and Q1 2026 stay separate.
Bought with creditQuarterly reports lead because they provide the full Q1 2020–Q1 2026 path.
Current local comparisonThe Q1 2026 ten-area table leads, but it covers less than all of Belgrade.
DistributionsQ4 P10–P90 bands and medians lead. Records remain separate extremes.
What must not be compared
  • Annual professional reports ≠ quarterly index corpus ≠ quarterly market reports.
  • Apartment-only contracts ≠ all-property purchase contracts.
  • Full year ≠ half year ≠ quarter.
  • Mean/median €/m² ≠ hedonic index level or growth.
  • Latest revised vintage ≠ first-publication vintage.
  • City aggregate ≠ Q1 2026 narrower urban-area sample.
  • Municipality ≠ cadastral municipality or cadastral area.
  • Credit share by transaction count ≠ financing share of value.
  • Partially regulated registration status ≠ building quality.
Why the totals differ

Annual totals and sums of the latest quarterly index corpus are not interchangeable. The differences are shown, not massaged away.

YearAnnual contractsQuarterly sumDifferenceAnnual valueQuarterly sum
202016,60416,069-535€1,400.0m€1,407.0m
202121,83320,268-1,565€2,069.3m€2,048.0m
202221,58521,252-333€2,672.3m€2,632.0m
202316,08715,898-189€2,076.5m€2,058.0m
202417,30317,075-228€2,230.6m€2,228.0m
202517,80717,671-136€2,542.8m€2,542.0m

Download the audit trail

For specialists and historians

Downloads retain broader property activity, rounded quarterly values, transaction means, registration attributes and the mixed-geography spatial history for 2017–24. They either duplicate stronger measures or answer narrower questions.

All 86 source documents
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[3]Professional reportПолугодишњи извештај 2025. за професионалне кориснике са прилозима.pdf66Open at RGZ ↗
[4]Professional reportГодишњи извештај 2024. за професионалне кориснике са прилозима.pdf66Open at RGZ ↗
[204]Professional reportПолугодишњи извештај 2024. за професионалне кориснике са прилозима.pdf64Open at RGZ ↗
[6]Professional reportГодишњи извештај 2023. за професионалне кориснике.pdf65Open at RGZ ↗
[206]Professional reportПолугодишњи извештај 2023. за професионалне кориснике.pdf65Open at RGZ ↗
[8]Professional reportgodisnji izvestaj za profesionalce + prilozi.pdf67Open at RGZ ↗
[208]Professional reportilovepdf_merged.pdf65Open at RGZ ↗
[10]Professional reportProfGodisnji2021.pdf66Open at RGZ ↗
[210]Professional report20210904 Polugodišnji izveštaj.pdf57Open at RGZ ↗
[12]Professional reportGODIŠNJI IZVEŠTAJ.PDF66Open at RGZ ↗
[212]Professional reportPolugodisnji_2020_za profesionalne korisnike.pdf53Open at RGZ ↗
[14]Professional reportIzvestaj o stanju na trzistu nepokretnosti za 2019.pdf48Open at RGZ ↗
[214]Professional reportIzvestaj sa trzista za I-2019.pdf44Open at RGZ ↗
[16]Professional reportGodisnji_Izvestaj_trziste_nepokretnosti2018.pdf47Open at RGZ ↗
[216]Professional reportPolugodisnji izveštaj - tržište nepokretnosti 2018.pdf47Open at RGZ ↗
[217]Professional reportGodisnji_fin3.pdf38Open at RGZ ↗
[218]Professional report02 Polugodisnji_fin2.pdf41Open at RGZ ↗
[219]Professional reportGodisnjiIzvestaj_StanjeTrzistaNepokretnosti_2016_2.pdf30Open at RGZ ↗
[220]Professional report2Polugodisnji izvestaj - Trziste nepokretnosti 2016 -20170421.pdf21Open at RGZ ↗
[221]Professional report3Godisnji izvestaj - Trziste nepokretnosti 2015.pdf28Open at RGZ ↗
[222]Professional report4IzvestajIpolugodiste-2015.pdf16Open at RGZ ↗
[223]Professional report5Godisnji izvestaj – Trziste nepokretnosti 2014.pdf16Open at RGZ ↗
[224]Professional report6IzvestajIVkvartal-2014-20150317.pdf15Open at RGZ ↗
[225]Professional report7IzvestajIIIkvartal-2014-20141202.pdf14Open at RGZ ↗
[226]Professional report8Izvestaj za II kvartal - 2014.pdf15Open at RGZ ↗
[227]Professional report9TrzisteNepokretnosti_I_Kvaratal_2014.pdf16Open at RGZ ↗
[29]Professional report1Uvodne napomene o RPN i pracenju trzista nepokretnosti.pdf7Open at RGZ ↗
[32]Housing-price indexМетодологија израде РГЗ индекса цена станова (1).docxDOCXOpen at RGZ ↗
[30]Housing-price indexРГЗ - Индекс цена станова T4 2025 ФИНАЛНО.pdf15Open at RGZ ↗
[100]Housing-price indexРГЗ - Индекс цена станова T3 2025.pdf16Open at RGZ ↗
[101]Housing-price indexРГЗ - Индекс цена станова T2 2025.pdf15Open at RGZ ↗
[102]Housing-price indexРГЗ - Индекс цена станова T1 2025 КОНАЧНА.pdf15Open at RGZ ↗
[103]Housing-price indexRGZ - Izvestaj indeksi cena T4 2024.pdf15Open at RGZ ↗
[104]Housing-price indexRGZ - Izvestaj indeksi cena T3 2024.pdf15Open at RGZ ↗
[105]Housing-price indexIzvestaj_o_indeksu_T2_2024 фин(002).pdf15Open at RGZ ↗
[106]Housing-price indexРГЗ ИНДЕКС први квартал 2024.pdf15Open at RGZ ↗
[107]Housing-price indexRGZ - Izvestaj indeksi cena T4 2023Final.pdf15Open at RGZ ↗
[108]Housing-price indexRGZ - Izvestaj indeksi cena T3 2023 Konacna.pdf14Open at RGZ ↗
[109]Housing-price indexRGZ indeks cena - prvi kvartal 2023.pdf14Open at RGZ ↗
[110]Housing-price indexRGZ index cena stanova IV kvartal 2022. godine.pdf14Open at RGZ ↗
[111]Housing-price indexRGZ - Izvestaj indeksi cena.pdf11Open at RGZ ↗
[31]Market reportКвартални извештај I 2026n.pdf26Open at RGZ ↗
[112]Market reportispravljeno.pdf8Open at RGZ ↗
[113]Market reportГодишњи извештај 2025.pdf21Open at RGZ ↗
[114]Market reportСтатистика цена непокретности за 2025.годину.pdf19Open at RGZ ↗
[115]Market reportКвартални извештај IV 2025.pdf26Open at RGZ ↗
[116]Market reportКвартални извештај III 2025.pdf25Open at RGZ ↗
[117]Market reportПрво полугодиште 2025 ФИН pdf.pdf34Open at RGZ ↗
[118]Market reportКвартални извештај II 2025.pdf24Open at RGZ ↗
[119]Market reportКВАРТАЛНИ ИЗВЕШТАЈ I 2025.pdf24Open at RGZ ↗
[120]Market reportГодишњи извештај 2024 финални.pdf33Open at RGZ ↗
[121]Market reportKvartalni izveštaj IV 2024.pdf24Open at RGZ ↗
[122]Market reportIzvestaj o stanju na trzistu nepokretnosti u III kvartalu 2024. godine.pdf25Open at RGZ ↗
[123]Market reportИзвештај о стању на тржишту непокретности за прво полугодиште 2024. године.pdf32Open at RGZ ↗
[124]Market reportИзвештај о стању на тржишту непокретности у II кварталу 2024. године.pdf25Open at RGZ ↗
[125]Market reportRGZ - Izvestaj I kvartalni 2024fin.pdf25Open at RGZ ↗
[126]Market reportГОДИШЊИ_ИЗВЕШТАЈ-ЗА_МЕДИЈЕ_2023.pdf33Open at RGZ ↗
[127]Market reportIzvestaj o stanju na trzistu nepokretnosti u IV kvartalu 2023. godine.pdf25Open at RGZ ↗
[128]Market reportИзвештај о стању на тржишту непокретности у III кварталу 2023. године.pdf22Open at RGZ ↗
[129]Market reportIzvestaj o stanju na trzistu nepokretnosti za prvo polugodiste 2023. godine.pdf26Open at RGZ ↗
[130]Market reportkvartalni izveštaj o tržištu nepokretnosti-03.08.2023.pdf25Open at RGZ ↗
[131]Market reportKvartalni izveštaj BI- I kvartal 23 (1).pdf20Open at RGZ ↗
[132]Market reportIzvestaj o kretanjima na trzistu nepokretnosti za 2022. godinu.pdf36Open at RGZ ↗
[133]Market reportIzvestaj o stanju na trzistu nepokretnosti IV kvartal 2022. godine (2).pdf21Open at RGZ ↗
[134]Market reportKvartalnii izveštaj o tržištu nepokretnosti.pdf20Open at RGZ ↗
[135]Market reportИЗВЕШТАЈ О СТАЊУ НА ТРЖИШТУ НЕПОКРЕТНОСТИ ЗА ПРВО ПОЛУГОДИШТЕ 2022..pdf33Open at RGZ ↗
[136]Market reportKvartalni izveštaj o tržištu nepokretnosti2.2022.финално.pdf20Open at RGZ ↗
[137]Market reportKvartalni izveštaj o tržištu nepokretnosti_ I 2022fin.pdf19Open at RGZ ↗
[138]Market reportGodišnji izveštaj o stanju na tržištu nepokretnosti za 2021. godinu.pdf36Open at RGZ ↗
[139]Market reportKvartalni izveštaj o tržištu nepokretnosti_ VI 2021фин.pdf17Open at RGZ ↗
[140]Market report20211023 Kvartalni izveštaj o tržištu nepokretnosti_ III 2021-5.pdf17Open at RGZ ↗
[141]Market reportKvartalni izveštaj o tržištu nepokretnosti_ II 2021.pdf14Open at RGZ ↗
[142]Market reportKvartalni izveštaj o tržištu nepokretnosti_ I 2021.pdf26Open at RGZ ↗
[143]Market reportGodisnji izvestaj 2020.pdf28Open at RGZ ↗
[144]Market reportKvartalni izveštaj o tržištu nepokretnosti_ IV 2020.pdf24Open at RGZ ↗
[145]Market report20201015 Kvartalni izveštaj o tržištu nepokretnosti_ III 2020.pdf23Open at RGZ ↗
[146]Market reportIzvestajSaTrzistaNepokretnostiZaPrvuPolovinu2020godine.pdf37Open at RGZ ↗
[147]Market reportIzveštaj o kretanju tržišta u vanrednom stanju.pdf33Open at RGZ ↗
[148]Market reportИзвештај са тржишта непокретности за 2019. годину.pdf23Open at RGZ ↗
[149]Market reportPolugodisnjiIzvestajZaMedije1-2019.pdf7Open at RGZ ↗
[150]Market report2018_GodisnjiIzvestaj.pdf4Open at RGZ ↗
[151]Market reportPolugodišnji_Izveštaj_Za_Medije_I_2018_Objavljeno.pdf5Open at RGZ ↗
[152]Market report201802_GodisnjiIzvestajMediji.pdf7Open at RGZ ↗
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[154]Market report201702_GodisnjiIzvestajMediji.pdf2Open at RGZ ↗
RGZ transactions only. No listings, asking prices or invented totals.Every number traces to downloadable data.Made by Ana