Current average prices per square metre for older and new buildings across the municipalities of Belgrade.
Property prices have changed significantly since 2022 because of geopolitical upheaval and inflation; since then the Serbian market, and the capital above all, has seen constant growth. Entering 2026, we look at what a square metre costs in each Belgrade municipality. The average varies greatly by municipality and neighbourhood, and between older and new buildings.
Stari grad: the most expensive locations in the centre
According to the Republic Geodetic Authority (RGZ), the current average in Stari grad is from €3,777/m². Some older buildings keep a high price thanks to their historic and architectural value and the cultural landmarks around them.
Vračar: little difference between old and new
City Expert data for registered properties on Vračar show a range very close to the strict centre: €3,500–4,000/m².
Savski venac: the most expensive square metre, in Belgrade Waterfront
Official RGZ data show that at the end of 2025 the most expensive square metre in Belgrade Waterfront sold for €6,818; most apartments there sell from €5,000/m² upwards.
Novi Beograd: rising prices in new and older buildings
Developed infrastructure and the big business complexes keep demand growing; the average is in the range of €2,600–3,500/m².
Palilula: large differences between parts of the municipality
In the largest municipality a square metre in Borča or Ovča costs very differently from inner Palilula. The average of all properties sold in 2025 was €2,718/m²; inner Palilula is often twice as expensive, especially when renovated or newer.
Zvezdara, Voždovac, Čukarica
- Zvezdara: an official average of €2,933/m², with large differences between parts of the municipality.
- Voždovac: an average of €2,643/m².
- Čukarica: in 2025 on average €2,410/m² for older and €2,780/m² for new buildings; higher closer to the centre (Čukarička padina, Banovo brdo, Žarkovo), lower in Bele vode, Cerak and Sremčica.
Zemun and Rakovica
- Zemun: an average of €2,668/m² for older and €2,720/m² for new buildings; the municipality includes Altina, Batajnica, Galenika and Zemun Polje, so prices vary a lot. A newer two-and-a-half-room apartment near the Zemun quay reached €4,125/m².
- Rakovica (Vidikovac, Miljakovac, Labudovo, Petlovo brdo) keeps the lowest averages in Belgrade: officially €2,328/m².
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