property market

Serbian Housing Loans Rise 19.1% to RSD 944 Billion

Outstanding bank loans for housing purchases and home renovations in Serbia reached RSD 944.19 billion, equivalent to approximately EUR 8.0 billion, at the end of October, increasing 19.1% year on year, according to the Association of Serbian Banks (UBS). Growth in this lending category exceeded the 14.9% expansion in total bank credit, making housing-related finance one of the fastest-growing segments of the Serbian loan market. The reported balance includes both home-purchase and renovation loans. It represents outstanding debt rather than…