Business news from Ukraine

Business news from Ukraine

EXPO-2027: How upcoming exhibition and metro construction will affect real estate market in Belgrade

17 December , 2024  

In 2027, Belgrade will host the World Expo 2027, a large-scale international event that will take place from May 15 to August 15. For this event, the municipality of Surcin has already begun building infrastructure, including a national stadium, an exhibition center, and new transportation interchanges. One of the key projects in preparation for the exhibition will be the opening of the first metro line, which will significantly change the transport map of the Serbian capital.

The importance of the metro for the city and the real estate market

The first metro line, which has already started construction, will connect key areas of Belgrade, including the exhibition center in Surcin. This project will not only improve transportation, but will also have a significant impact on the cost of housing and land along the route.

Traditionally, real estate prices near metro stations have been on the rise, making this factor one of the main ones for investors. In the case of Belgrade, the impact of the new infrastructure may be even more noticeable given the growing interest in the city ahead of EXPO-2027.

Surcin – the center of events

Surčin, where the bulk of the EXPO-2027 facilities will be concentrated, is becoming the center of attention for both the authorities and developers. The construction of a national stadium, a new railway station and an exhibition complex is already underway. According to official data, the area of the future exhibition center will be 113 hectares, and the total construction area, including the accompanying infrastructure, will reach 167 hectares.

Real estate prices in Surchyn have already started to rise. For example, the cost of apartments has increased several times over the past year. Land plots have also risen in price, especially those located near transportation hubs and future metro stations.

Impact of EXPO-2027 on the development of Belgrade

Preparations for the World Expo involve large-scale investments in the city’s infrastructure. In addition to Surcin, changes will affect other districts of the capital. Work is already underway on the construction of a new bus station, and the modernization of the Prokop railway station is nearing completion.

The subway will also be an important step in the development of Belgrade. The first line will connect key areas of the city, which will reduce the load on the road network and simplify the movement of residents and visitors to the capital.

Forecasts and prospects

Experts agree that EXPO-2027 will have a long-term impact on the real estate market in Belgrade. In addition to the price increase in Surcin, real estate is expected to rise in price along the routes of the future metro, as well as in the central and prestigious areas of the city.

The Serbian government states that EXPO-2027 will be a stimulus for economic growth, attracting foreign investment and improving infrastructure. These changes will make Belgrade even more attractive for tourists, residents and businessmen.

Thus, EXPO-2027 and related projects, including the metro, are opening a new chapter in Belgrade’s development, strengthening its position as one of the key centers of Southeast Europe.

Source: http://relocation.com.ua/expo-2027-iak-majbutnia-vystavka-i-budivnytstvo-metro-vplynut-na-rynok-nerukhomosti-v-belhradi/

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