From Balkaninsight.com: Real estate agents, only four months ago, were adamant that residential property in central Belgrade could not drop in value, but recently released Q1 results for 2009 show a 15-25 per cent drop in apartment prices.
And Colliers International, a real estate agency, is predicting a further 10-15 per cent drop by the end of 2009 due to changes in how tax is calculated and ongoing market uncertainty…….Full Article: Source