Round table – Current trends in real estate in Serbia

On October 30th 2019 the round table on new trends in real estate in Serbia was organized by Belgrade's Real Estate Magazin.

Ivan Petrović, a partner in the real estate and construction department of JPM took an active role with other panelists in the round table.

The main topic of the round table was determining the focus for changes in the construction legislation in the future in order to apply the improved legislation in the area of the issuance of the construction permit. The main conclusions are that the current ranking of Serbia on Doing Business List is a great signal for the potential investors but that the improvement is still necessary, especially for the purpose of dealing with the inherited system defects.

The other participants at the round table announced the planned projects for the future, mainly aimed at the development of the residential premises and shopping centers as the most profitable and easiest investment projects for the developers. Regretfully, the first-class office space market is recognized as the market with high demand with great potential but, also, as technically and operationally too demanding for the investors who find it easier to deal with the residential market.

From the perspective of the architects, the main problem is a continuous increase in the “investor-oriented architecture” always aimed at the development of the additional space to sell and/or rent. In such manner the quality of the architectural design decreases and the impact for the projects to the surroundings in neglected. It is suggested that urban planning is organized with a higher level of detail in order to keep the urban outline of Belgrade and other cities on a decent level.

Some of the participants in the round table presented the new materials which shall improve the energy efficiency of the buildings.

The round table was held at Saint Ten Hotel in Belgrade


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