7th Conference on real estate and infrastructure development in Serbia

Director of FREN (Foundation for the Advancement of Economics), Dejan Molnar, participated in the 7^th Conference on real estate and infrastructure development in Serbia. During his presentation, Dejan Molnar briefly touched upon the fact that apartment prices have been continuously rising since 2013. He emphasized that the average price per square meter of newly built apartments was over 32% higher in 2021. than in 2014. He added that there has been a record number of real estate transactions and an increase in the amount of money on the real estate market in our country over the past year. The number of real estate transactions in 2021 was 28% higher compared to 2020., while the volume of monetary funds increased by as much as 43%. Among other things, Dejan Molnar noted that current events raise the question of how long this trend could continue and whether and when real estate prices will start to decline. The most important factor that will influence apartment and house prices in the future is inflation, but the future movements of mortgage interest rates and the further course of pandemic must also be taken into account as significant factors.