Sales of new dwellings in Bosnia's Serb Republic up 7.5% y/y in Q1

The average sale price per square metre of new dwellings rose 24.1% on the year to 2,851 marka ($1,575/1,458 euro) in the review period, the Institute of Statistics of the Serb Republic said in a quarterly report on Friday.

The usable floor area of the new dwellings sold in the first quarter of 2024 increased by 6.3% in comparison with the same period of 2023.

The number of new dwellings sold in the entity rose 18.3% on the year in 2023, while the average sale price per square metre went up 2.9%, the same statistical office has said earlier.

The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.

(1 euro = 1.956 marka)