According to data from real estate agencies, the prices of apartments in the biggest cities in Bosnia and Herzegovina, Sarajevo and Banja Luka, increased by 30 per cent compared to last year.

According to Senka Gataric-Vasilic, owner of Banja Luka based agency Euroagent, the price of a square meter in older buildings increased from between 1,100 and 1,200 KM last year to 1,400-1,500 KM, and even 1,700 KM this year. She says there is a possibility of prices growing up to 50 percent by the end of the year due to the very small offer.

The biggest demand is for smaller apartments and studios. The prices of apartments in new buildings already reached between 1,800 and 2,200 KM per square meter, and owners of construction companies justify this by the growing prices of building material. The prices of older apartments in Sarajevo are between 2,000-4,000 KM and new apartments cost up to 5,000 KM per square meter.