Editorial
Foundations for the Future
Construction sites are no longer places where only the foundations of buildings are laid - today, the foundations of new directions for the development of entire communities are laid there. In architecture, construction, financing and regulation, change is a constant. and investors no longer ask what is possible, but what is sustainable, smart and long-term profitable. This edition of the special edition newsletter Real estate and construction - Trends that build the future provides an analysis of specific changes shaping the market. The focus is on those actors who set new standards - through design innovations, application of ESG principles, digital solutions, as well as the increasingly pronounced need for stronger intersectoral cooperation. Special attention is paid to good practice
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Big Picture
How much time do we still have to not build sustainably?
Information that the construction sector is among the biggest polluters on the planet is not news. It consumes 40% of the total energy, produces a third of the waste and emits more CO₂ than industry and traffic combined. The climate on the planet in recent years has been seriously warning us
3D Printed Houses – Dream or Reality for the Serbian Market?
Imagine a 100 square meter house built in 48 hours, for less than an average car. No, it`s not science fiction - it`s everyday life in parts of Europe, America and Asia thanks to 3D printing in construction. But, is this technology a realistic option for Serbia as well? In short, 3D printers use a
Bosnia and Herzegovina waiting for application of law on VAT refund on first real estate - How long will the procedure last and is the adoption of the rulebook imminent?
Citizens in Bosnia and Herzegovina are eagerly awaiting the implementation of the law which will enable them to get a VAT refund on the purchase of their first property. The Law on Value Added Tax in BiH was adopted at the beginning of April this year, and how it will be applied will be regulated
The return on investment in luxury real estate in Montenegro is the best in the region - Value of the market continues to grow
The value of the real estate market in Montenegro continued to grow this year. If we look at the official statistics, the prices of apartments in new buildings in the first quarter of this year increased by 23% compared to the same period last year. For a period of five years, the price of square
Newsletter Contents
Conversation with
Andrew Peirson, Managing director of iO Partners for the Czech Republic, Serbia and Croatia - Serbia is becoming an increasingly desirable investment destination
(Andrew Peirson) The commercial real estate market in Serbia is increasingly showing the new rules of the game: offices are sought in the central areas of Belgrade, logistics is being developed where it did not exist before, and investors do not consider projects without an ESG component anymore. In parallel, in the industrial sector, the trend of returning production from Asia to the European continent is strengthening, which opens additional space for development to Serbia. Novi Sad, until
(Blagoje Antić) From a small construction company in Zurich to an international group which has realized over 300 projects so far - this is the path that DHG Holding, under the leadership of Blagoje Antic, has built a reputation as a company that brings Swiss quality and fully integrated services to the real estate sector. DHG creates modern residential and commercial spaces today, and we discussed current projects in Switzerland, Serbia and Dubai with Blagoje Antic, owner and general manager
Since its establishment in 2008, Luštica Bay has become one of the largest investment projects in South-East Europe. Once complete, it will host more than 6,000 residents, 3,000 apartments, 300 luxury sea-view villas, and seven hotels. The destination is dedicated to creating long-term value, promising its community both an investment for the future and a Place to Belong. Here, Sales Director Ana Zloković explains just what that looks like. Luštica Bay is one of the most successful
(Miloš Grdinić) The Belgrade and Novi Sad real estate markets have experienced significant changes in recent years, both in terms of urban vision and innovative approaches to spatial development. Projects like Delta District and Delta Irona set new standards in the segments of luxury housing and business space, combining functionality, sustainability and the highest standards of comfort. In order to better understand the concept, importance and innovations that Delta Real Estate brings to the
(Vladimir Tolimir, manager of the construction sector at the company Jadran) The company Jadran, which is celebrating its 75th anniversary this year, has been confirming its status as one of the key players in the domestic construction industry for decades and their recognition is based on top experts, innovations and consistent quality. With more than 70 engineers, its own design team and the application of BIM technology in the execution of works, Jadran sets new standards in the construction
Vedran Roćenović, Co-Founder and Executive Director of VHM Development: We don't just build buildings - we build communities that breathe with each other
(Vedran Roćenović) Roćenović reveals how their projects came about, what motivates them to move the standards in domestic construction and why they believe that Montenegro deserves more than the average. "For decades, Montenegro has been building its image through natural beauty, but the time has come to turn that beauty into a lasting value - into a modern, sustainable space for living and to be a legacy for generations to come", said Vedran Roćenović, co-founder and CEO of VHM
In focus
Commercial Real Estate
Uroš Blagojević, Property Management Director MPC Properties - BEO Shopping Center celebrates fifth birthday as an example of a new concept of urban destinations
This year, BEO Shopping Center celebrates five years of successful business during which it became one of the most visited shopping centers in Belgrade and the reference point of modern urban life in Zvezdara. With more than 120 brands in its offer, including exclusive ones that first entered the Serbian market precisely through this center, BEO Shopping Center has set high standards in terms of
New office building K2 - modern architecture and flexible business premises in an attractive location next to the ex-highway
After the successful realization of the K3 facility and its almost complete occupancy, the GREEN ESCAPE complex on Bežanijska kosa continues its development with the construction of a new business facility - K2. It is a modern and functional building with a gross area of 25,432 sqm, which is designed and built in accordance with the highest business construction standards. The
Trends
Security solutions that meet challenges: Securiton sets new standards
(System SecuriFire) In an era when modern facilities are becoming more and more complex, and security requirements are becoming stricter, Securiton positions itself as a reliable partner in the protection of life, property and business continuity. From hospitals, airports and traffic infrastructure, to energy plants and industrial complexes - our systems meet even the most demanding challenges of
JAF brings trends in interior design - Durability, nature and aesthetics in contemporary architecture
The JAF company presents the latest materials and solutions for interior and exterior decoration, intended for both professional investors and end users. At a time when architecture and design are reliant on sustainability, natural materials and high aesthetic standards, the JAF company offers a wide range of innovative and functional solutions for modern interior design. Be it demanding
Investors are targeting zones outside the big cities - Serbia is increasingly sought after on the map of industrial real estate
The industrial real estate market in Serbia is recording strong momentum, and the demand for production and logistics spaces is constantly increasing. New capacities in industrial zones have already been pre-leased or reserved, according to data from market analysts. E-commerce growth, domestic production development and relocation of foreign companies` facilities closer to the European market
Are private student dorms a new investment opportunity for Belgrade?
How to provide housing for the growing number of students who come to large university centers every year to study, but also enable those who don`t have enough funds to provide a roof over their heads? Affordable housing and student accommodation were the topics of the eponymous panel at this year`s REBEC conference, with a focus on Serbia and the Central and Southeastern Europe region. The first
Construction and management
Energy-Efficient Construction and wienerberger Solutions
The company wienerberger is a global leader in the production of brick products and traditional building materials, recognized as one of the top construction material manufacturers worldwide. Sustainability is a central element of wienerberger’s strategy, embracing responsibility for people and nature by contributing to a healthy global ecosystem while adhering to ESG criteria. The company
Innovative solutions in the field of design and production of prefabricated elements on the domestic and regional market
(FineStamping, Apatin) SM NET company, with more than two decades of experience in designing and manufacturing prefabricated elements, positioned itself as a reliable partner in the implementation of complex construction projects. Thanks to a total commitment to the needs of clients, SM NET provides complete design services for prefabricated elements that are fully adapted to the architecture of
Zoran Blagojević, President of the Executive Board of Wiener Städtische osiguranje- Investments require insurance that understands the market and risks
The insurance market in Serbia shows a stable and constant growth, with the growing interest of both individuals and legal entities for financial protection in an unpredictable environment. The total insurance premium recorded an increase of about 14%, which clearly indicates the increased trust of citizens and companies in insurance as a risk protection mechanism. However, the market is not
Luštica Bay - A place to belong to
Luštica Bay, a new town on Montenegro’s Adriatic coast, continues to take shape – and The Heights residential collection marks the next chapter in its development. Tucked between the energy of Centrale and the calm of The Peaks, Heights is a hillside residential collection, that marks the
Set above the shoreline and overlooking the Adriatic, The Peaks is designed as the most exclusive neighbourhood within Luštica Bay – and the crown jewel of this emerging coastal town. Anchored by a future golf course by legendary Gary Player, it brings a new dimension to seaside living in
Horizon is a new, residential neighbourhood within Luštica Bay – offering a more tranquil and balanced dimension of coastal life in this evolving Adriatic town. Following the successful completion of Marina Village, Horizon stands out for its panoramic sea views, sense of privacy, and connection
Interesting Facts
Where is the most expensive real estate in the world?
In the world of luxury real estate, prices per square meter can exceed all expectations - especially in the parts of the world that are synonymous with wealth, stability and exclusive lifestyle. 2025 brings interesting insights into the global real estate market, revealing which parts of the world hold the title of most expensive. Top 5 most expensive real estate markets in 2025: Monaco With an
Tiny house made of decommissioned wind turbine
Dutch design studio Blade-Made has converted a section of a decommissioned wind turbine into a tiny home featuring a simple, wood-lined interior and renewable solar-powered electricity.. The project was designed by architect Jos de Krieger of Rotterdam-based firm Superuse, who co-founded Blade-Made to demonstrate new uses for wind turbines that have reached the end of their working life. Superuse
Starbucks opens first 3D printed cafeteria
Starbucks in Texas has opened its first 3D printed cafeteria - a facility that functions solely as a "drive-thru" and looks more like the future of construction than a classic cafeteria. The 130-square-meter facility is made of concrete layers built by a giant robotic printer-machine,as part of the company`s efforts to modernize operations and cut costs. The German company Peri-3D used a giant 3D