Novi Sad 2026 — Prices, Trends & Outlook

Market overview

Novi Sad is Serbia's second most active apartment market, with stable demand for smaller and mid-size units, new construction, and locations near the center, universities, and business zones.

The latest official RGZ data refers to Q4 2025 — 2026 forecasts are estimates based on available trends. The average realized resale price was €2,325/m² (+11%, range €691–3,558/m², 607 transactions), and new construction €2,312/m² (+12%, range €1,000–4,556/m², 566 transactions).

According to RGZ, the total number of purchase contracts in the City of Novi Sad in Q4 2025 was 8.7% lower than in Q4 2024. Asking prices in listings are higher — 4zida currently shows an average asking price of around €2,762/m² for resale and an average listing duration of 51 days (which is not the same as time to sale).

• Resale (RGZ Q4 2025): €2,325/m²
• New construction (RGZ Q4 2025): €2,312/m²
• Resale price growth: +11%
• Asking prices (4zida): ~€2,762/m²

Key trends

New construction is especially strong in the center, Podbara, Telep, and Grbavica — based on market insight, not official zone-level statistics. Portals like Gradnja.rs note that new construction prices in Novi Sad range from around €1,650 to €5,000/m², with the highest prices in the center and Sremska Kamenica.

We see a growing gap between quality and average units — well-positioned properties, new construction with parking, and smaller rental units remain in demand.

Rental demand is rising near universities and business zones, which also drives investment purchases of smaller apartments.

• New construction with parking — stronger segment
• Growing demand for smaller units near the center
• Wider gap between premium and average listings
• IT sector and students support rental demand

Outlook for H2 2026

The forecasts below are estimates based on trends from the RGZ Q4 2025 report — not official predictions. For 2026, we expect continued stable demand, but with a wider gap between quality and average units.

Best performers should be well-positioned apartments, new construction with parking, smaller rental units, and locations near the center, universities, and main boulevards. Given 11–12% growth in Q4 2025, moderate growth during 2026 is more realistic than a sharp drop — except for overpriced and poorly presented properties.

For sellers: market valuation and a clear distinction between asking and realistically achievable prices. For buyers: verify the developer for new construction, title registration, and maintenance costs.

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