What’s happening with Serbia’s real estate market in 2026?
After years of intense price growth in 2022–2024, Serbia’s real estate market is entering a phase of moderate dynamics. This isn’t bad news — for buyers or sellers. Understanding what’s happening is key to making a good decision.
Prices by city: where are we now?
According to RGZ (Geodetic Institute) data and 4zida.rs analysis for January–February 2026:
| City | Average price €/m² |
|---|---|
| Belgrade | ~2,500 |
| Novi Sad | ~1,800 |
| Niš | ~1,200 |
| Kragujevac | 950–1,566 |
| Čačak / Kraljevo | ~1,000–1,100 |
In Kragujevac, prices remain affordable compared to major centers, averaging 950 to 1,566 €/m² depending on location and construction type.
Will prices rise or fall?
Realistic forecast for 2026: moderate growth of 2–5% annually. A sharp drop is unlikely — but neither will we see the 15–20% annual growth of recent years.
Is 2026 a good time to buy?
Yes — less competition, better negotiating positions, gradually improving mortgage rates, and stable property values make this one of the better buying opportunities in the past three years.
Is 2026 a good time to sell?
Also yes — for sellers with realistic pricing. Properties priced correctly are still selling quickly.
EREA Agency offers free property valuations in Kragujevac and the surrounding area.