Housing cycles / SRB

Serbia

Real residential property prices, BIS index, 2000 to 2026-Q1. The index is rebased to 2010 = 100 for Serbia alone, so its level says nothing next to another country’s. Growth and drawdown are comparable across countries; the level is not.

+2.7%

Real prices, year on year

2026-Q1; nominal +5.3%

-15.1%

Off its own real peak

peak 2000-Q2

-54.8%

Deepest real drawdown

trough 2002-Q3, within the observed sample

2000

Index starts

105 quarters to 2026-Q1

Real house price index, annual

Annual means of the quarterly real index. A year is plotted only if all four of its quarters are present, so a partial year is dropped rather than averaged over whatever is present.

Source: BIS residential property prices (selected series) Latest real quarter 2026-Q1 = 122.9; highest observed real quarter 2000-Q2 = 144.8. Methodology

Banking crises

Laeven-Valencia records no systemic banking crisis for Serbia. There is no event study on this page, and this country enters none of the cross-country medians on the index. Its deepest observed real drawdown is -54.8%, into 2002-Q3. Absence from the chronology is the chronology’s judgement, not proof that no crisis happened.

Limits of this page. The drawdown figures are conditional on the sample: Serbia’s index begins in 2000, so a peak before then is invisible and the deepest drawdown is the deepest observedone. The crisis dating is Laeven-Valencia’s, not this repo’s. Nothing here is a causal claim. See the methodology for the full list.