REPORTS ON RGA'S PROPERTY PRICE INDEX

Monitoring the trends of property prices and turnover is very important for the successful management of economic policies and the development of society. Property price indices are one of the most important parameters for accurate and credible monitoring of trends in the property market.

The Republic Geodetic Authority develops property price indices based on the property mass valuation models, which, in addition to prices from sales contracts, take into account various property characteristics from relevant sources - the Real Estate Cadastre, the Condominium Register, GeoSrbija and the tax administration.

In November 2022, the Republic Geodetic Authority had published the apartment price index for the Republic of Serbia for the first time, which was prepared in accordance with international methodological guidelines and thus provided citizens and the economy with a free, transparent and precise insight into the data on the basis of which they can follow apartment market trends, which is the dominant market and gives a good indication of the price level of the overall property market in Serbia. The Republic Geodetic Authority follows international trends and best practices and works to establish a price index for other types of properties as well.