Serbia: Real Estate Focus
The residential lease market in Serbia is experiencing a new trend that offers a significant opportunity for investors and developers: constructing apartment buildings designed exclusively for leasing, rather than for sale.
AFI Investment Company recently completed a 147-unit building solely dedicated to leasing, underscoring the untapped potential in this segment. Located in a prime area of Belgrade, the building offers apartments ranging from 52 sq m to 226 sq m, with layouts from one to four bedrooms.
For tenants, these buildings often provide well-managed services, consistent maintenance, and amenities tailored to long-term renters.
From a market perspective, this emerging trend meets the evolving needs of modern residents. Millennials and Gen Z, who prioritize flexibility and experiences over long-term property ownership, are key drivers of this shift.
This segment remains relatively underdeveloped, making it a prime area for innovation and growth. Investors and developers focusing on this model can capitalize on the growing demand for rentals by creating modern, community-centered environments that offer flexible leasing options.
With the right approach, this trend could reshape the residential market, providing more tailored solutions for both renters and landlords, while filling a crucial gap in urban housing.