萨拉热窝房价5年翻倍，海外买家空置加剧住房压力

Core Viewpoint - The real estate prices in Sarajevo have experienced unprecedented growth over the past decade, with significant increases projected for the coming years [1] Price Trends - From 2016 to 2025, the average price of new homes per square meter rose from 1,900 marks to 4,269 marks, an increase of over 125% [1] - After a slight increase to 2,068 marks per square meter in 2020, the average price is expected to reach 3,500 marks per square meter in 2024 and 4,269 marks per square meter by the third quarter of 2025, marking a nearly 800 marks increase compared to the previous year [1] - If the current trend continues, the average price in Sarajevo could potentially reach 5,000 marks per square meter within the year [1] Market Dynamics - The surge in property prices is primarily driven by a significant number of new apartments being purchased by overseas expatriates, who often earn thousands of euros annually [1] - The rental market is less attractive to these buyers, as the monthly rent of 700-1,000 marks does not appeal to them, leading to many properties remaining vacant and only used for personal stays once or twice a year [1] - This situation has severely reduced the effective supply in the market, driving up prices for both sales and rentals [1] Cost Factors - Rising prices of building materials, increased labor costs, inflation, and soaring loan interest rates have collectively contributed to the cost basis for the rising property prices [1] Market Segmentation - The current market is characterized by a divide between high-end new projects catering to overseas buyers and the increasingly unaffordable housing reality for local residents [1]