Editorial
Squares between acceleration and trust
The real estate market in the region is in full swing, this can be seen even without statistics and analysis. It`s being built fast, it`s being built a lot, and it`s being built more and more often in places we didn`t even notice until yesterday. But there is another side to that feeling of acceleration. In fact, we rarely stop to look at what remains when the cranes are removed and the fence removed from the construction site. In this sense, the idea that it is not enough to just build more, but to build better, is being repeated more and more often. That sentence sounds simple, a phrase we`ve heard many times before. But in practice it raises a whole series of uncomfortable questions: what kind of neighborhoods we`re leaving behind, how livable they are, and whether there`s anything
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Big Picture
From the Adriatic to Belgrade - Where is it most profitable to invest in real estate today?
Montenegro is currently in an extremely favorable investment moment, which rarely occurs and is a unique opportunity for investors. The combination of economic development, the process of accession to the European Union and the growing perception of security make this destination particularly
Cities at 40 degrees and architecture suited to extreme temperatures - What will "anti-heat" buildings of the future look like
While the asphalt on the streets reaches temperatures of over 50 degrees in the summer, and the air conditioners are running incessant, the question of how to design buildings that can provide a pleasant stay without huge energy consumption becomes one of the key for the future of the construction
Mountain real estate in focus of investors - Will Zlatibor, Kolašin and Jahorina become "mini Alps"?
In the past, the value of real estate on the mountain depended almost exclusively on the number of ski days during the winter, but in recent years that model has been changing rapidly. Investors are no longer building only for skiers, but for guests who come all year round, so in recent years the
Newsletter Contents
Open Talk with Leaders
Melanija Pavlovic, General Manager, JAF: Beautiful architecture and good materials, the puzzle of our world
Aesthetic materialism: the formula of the art of architecture, reduced to realistic reality - these are cubes, the puzzle of our world - because, everything we see around us, of which our city, our house and in it our bedroom, living room, are composed, it was once in a store: someone bought it and installed it, and someone else offered before that. And so, in the infinite relationship of those two parties, in the game of material exchange, the tangible world known to us was created. An architect and business woman by education and vocation, Melanija Pavlović, is the immediate creator of this creative mixture of our reality. She is the general manager of the JAF company in Serbia, one of the leading importers and distributors of panel materials and timber, a company that supplies our
Nemanja Kostić, Nemanja Kostić, director of Karisma Hotels & Resorts for Europe and the Middle East and one of the directors of the Porta Rai project: The key question is no longer whether to invest in Montenegro, but what the next investment opportunities are
Over the last few years, Montenegro has increasingly positioned itself as one of the most promising investment destinations in the Mediterranean when it comes to Real estate. The combination of still competitive prices, growing tourist demand and increasing international visibility is attracting the attention of investors from the region and the world. While some locations have already reached a more mature stage of development, new destinations are just coming to the fore and are imposing themselves as carriers of the next investment cycle. As Nemanja Kostić, Nemanja Kostić, director of Karisma Hotels & Resorts for Europe and the Middle East and one of the directors of the Porta Rai project, said in an interview for eKapija, the key question is no longer whether to invest in
Conversation with
Agócs Balázs, Head of Workplace Services CEE & SEE, iO Partners: Office market enters a new phase, flexibility, quality, and data are driving decisions
Although hybrid work has become the new reality for a large number of companies, the office real estate market has not lost its relevance. On the contrary, while tens of thousands of square meters of new office space are being developed in Belgrade, companies are increasingly analyzing what kind of workspace they truly need, how frequently employees use it, and how to align occupancy costs with new ways of working. At the same time, decisions regarding office space are becoming more complex and
In the past, it was enough for a luxury property to be located by the sea. Today`s buyers are looking for much more - a place where they can spend months, not just a few weeks a year. They are looking for a community, facilities for daily life, the possibility to work, raise children and build a new routine far from their home town. Luštica Bay, a project on the Montenegrin coast that grew from an ambitious plan into a community with more than 700 families from over 50 countries, is based on
STOP SHOP continues expanding its portfolio through new development stages. What can you announce right now and in which markets do you see the greatest potential for further expansion? - The retail market in Serbia continues to grow and change along with consumer needs, which has a direct impact on our development strategy. At the same time, we are focused on network expansionand improvement of existing locations through capacity expansion and further development of the "Life Hub" concept,
The ORESIDE report on the market for apartments and housing construction for 2025 brings an analysis of key trends, changes in customer behavior and development perspectives of the housing market in Belgrade. Coreside, a real estate consulting company that operates within the Marera company, has published a report on the market for apartments and residential construction in Belgrade for the year 2025, with key data, trends and expert insights on the development of the housing sector. By
Although the new legalization model "On My Own Ground" is presented as a solution which will accelerate the registration of illegally built buildings and finally close the multi-decade problem of illegal construction in Serbia, the results after the first months of application raise numerous questions. Since the promise that the procedure will be completed by the end of March, through the postponement of the deadlines until the end of the year, to the absence of detailed official data on the
Tomas Klima, director of SEBRE: Marina Dorćol is returning Belgrade to the Danube
What`s left for the city after a big investment project is finished? Are they just new squares or also public spaces, facilities and urban places that change the way citizens use and experience the city? Exactly these questions, say SEBRE, are at the basis of their development philosophy and influence the choice of locations, project design and long-term investment decisions. From award-winning reconstructions of historical buildings in Prague, to the development of Marina Dorćol in Belgrade,
In focus
Luštica Bay - A place to belong to
As the vibrant heart of Luštica Bay, Centrale was envisioned as a dynamic town centre connecting the destination’s neighbourhoods and bringing together everyday life, work, and leisure. Designed for those who appreciate an authentic Mediterranean lifestyle, it has evolved into a lively community
The Peaks marks a new chapter in the evolution of Luštica Bay and introduces Montenegro’s first golf residential community. Set among the elevated landscapes of the Luštica Peninsula, this distinctive neighbourhood brings together contemporary Mediterranean architecture, sweeping views of the
Within Luštica Bay, Horizon offers a distinctive perspective on Mediterranean living, where privacy, nature, and timeless design come together in perfect balance. Positioned on an elevated hillside between the Adriatic Sea and the verdant surroundings of the future golf course, Horizon provides a
Commercial Real Estate
The real estate market is entering a new phase - Trust and content as the biggest capital
Although real estate has long been more than just square footage, it represents many aspects in an economy, as well as on a personal level, trust is the key word when we talk about square footage. In today`s rapidly changing world, the real estate sector is also experiencing new moments, it seems, never faster and never more often. While we process a new trend and say that we have understood the
K2 Green Escape - more than office space: quality construction, flexibility of business growth and strategic location
After the K3 facility confirmed the quality of the Green Escape complex concept through full occupancy, the Green Escape business complex on Bežanijska kosa continues its development with the construction of a new facility - K2. A modern business facility that combines high-quality and sustainable construction, functional and modern architecture and the possibility of adapting the space to the
Republica Business Center - New generation office space in the heart of Belgrade
In the very heart of the capital, on Republic Square, the transformation of one of the recognizable buildings of modernist architecture into a modern office space that will redefine the standards of a modern business environment is underway. Republica Business Center (RBC) brings a new dimension of office space, focused on the health and well-being of employees, quality of work environment and
Trends
SecuriSmoke ASD 2000 - In systems with zero tolerance for downtime, every second counts
In modern industrial, energy and IT systems, fire is no longer just a matter of safety - it is a direct business risk. In facilities where work continuity is the basis of business, the key problem is not the fire itself, but the moment when the system does not recognize it in time. In real conditions, smoke does not behave as expected. In spaces with strong ventilation systems, air conditioning
First apartment no longer a home for life - How millennials and Gen Z change the real estate market?
When their parents were buying their first apartment, the most important question was whether they would spend their whole lives there. Today`s 20- and 30-year-olds think differently. They are interested in how long it will take them to get to work, whether there are facilities in the end that they
The integration of digital technologies, automation and sustainable energy solutions will mark the next phase of development of the construction and energy industries, and AI will completely change the way buildings, homes and cities are managed, bringing significantly higher energy efficiency,
Tarkett LVT and SPC floors: contemporary solutions for the modern rhythm of living and business
In modern housing and the furnishing of business premises, there is an increasing demand for materials that can meet several requirements simultaneously: to be durable, easy to maintain, visually attractive and suitable for quick installation. Floor coverings directly affect the appearance of the space, comfort, acoustics and daily functionality of the interior. That`s why LVT and SPC floors
Aesthetics and performance without compromise
Paini: Partner of contemporary interior
In the world of modern interior, every detail has its role. Today, users are not only looking for functionality, but products that combine top-notch design, manufacturing quality and durability. That`s why Paini faucets are synonymous with sophistication and reliability in bathrooms and kitchens around the world. With more than seven decades of tradition, Paini successfully combines Italian
Carisma Whisper - Advanced Sabiana solution for silent and energy efficient heating and cooling
Sabiana is an Italian company founded in 1929, specializing in the design, development and production of heating, cooling, ventilation and air conditioning systems for buildings. The headquarters and production facilities are located in Lombardy, in the towns of Corbett and Madiento, and all products are developed and produced in Italy. The company is known for its solutions that use water as the
Interesting Facts
What a million dollars buys you in real estate worldwide
A million dollars is not what it used to be - especially when it comes to luxury real estate. According to a new Knight Frank Wealth Report, $1 million buys just 16 square meters (about 172 square feet) in Monaco, the world`s most expensive luxury market when measured by price per square meter. That`s a drop from 17 square meters (182 square feet) in 2020. In Hong Kong, which is in second place,
One London: The skyscraper that will change the skyline of the British capital
London`s financial heart could soon get a new city symbol. The One London project, formerly 1 Undershaft, upon completion in 2033 will reach a height of 309.6 meters and become one of the tallest buildings in Great Britain. Investors Aroland Holdings and Stanhope are behind the project, while the well-known British architect Eric Parry is responsible for the architectural solution. Construction
16 billion USD Metropolis on Water - Freedom Ship is envisioned as a floating city that could accommodate 80,000 people
Imagine living in a city that never stands still. Instead of being built on land, it floats across the world`s oceans, carrying tens of thousands of residents while offering schools, restaurants, hospitals and even a stadium. That`s the vision behind the Freedom Ship project - an ambitious proposal for what could become the largest vessel ever constructed. The estimated value of the project is