Just got back from Nepal, where I got many emails from Belgrade friends saying if we are going to buy in Belgrade, now is the time before prices go insane. Belgrade is cheaper now than Zagreb and Zadar where my husband's parents still live. And what with favorable politics, rich Russians and Kosovo-ites and perhaps loads of East-West spies and diplomats all descending on Belgrade - plus the looming someday maybe of EU membership - I guess we'd be crazy not to buy.
But then I wonder if it's a good investment after all. Prices seem very high in relation to typical salaries. Any flat under 50 square meters is wildly overpriced because it's so small it's "affordable" and any larger flat can't be resold in future because no one can afford a mortgage of more than 100,000 Euros... and there's all that new construction going on - thousands of new flats which make older ones, well less exciting for resale too.
Ok if you were me and you had the chance to buy now as an investment in Belgrade, what would you buy? Thanks in advance for your advice.