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2 clusters · 10 sources · 3 days · First seen · Last updated

Foreign demand driving real estate surges in Cyprus and SERB

Overview

Real estate markets in Cyprus and Serbia are experiencing significant price increases driven by foreign demand. In Cyprus, a large influx of non-EU buyers, specifically from Israel, has caused property prices to surge. Consequently, Cypriot authorities are preparing stricter regulations and limits on land purchases and property ownership for non-EU citizens.

In Serbia, a wave of Russian immigrants arriving in Belgrade and Novi Sad has intensified competition for rental properties. Real estate professionals report that rental prices in Belgrade have increased by approximately 20 to 30 percent. The high demand has led to extreme competition, with some prospective tenants offering higher rents or paying several months in advance to secure housing immediately. While current arrivals are noted to be more cautious than the initial surge in 2022, the supply of available apartments continues to struggle to keep pace with the influx.

Entities

Russia · Serbia · Meduza · Mostar · Vladimir Putin

Timeline

  1. [BUSINESS] 2 sources
    Russian immigration surge drives up Serbian rental prices

    A new wave of Russian immigrants in Serbia is driving up rental prices in Belgrade and Novi Sad by up to 30 percent due to high demand and limited housing supply.

  2. [BUSINESS] 9 sources
    Cyprus and Serbia face real estate surges from foreign buyers

    Real estate markets in Cyprus, Serbia, and Bosnia are facing rising prices and high demand driven by foreign buyers and shifting demographics, prompting potential regulatory changes in Cyprus.

Sources

bezbrige.com · biznis.kurir.rs · biznismagazin.rs · cekin.si · dnevno.hr · espreso.co.rs · n1info.ba · novaekonomija.rs · racin.mk · sd.rs