Apartments in Serbia are selling fast. But the average income in Serbia is about 640 euros and the average price of an apartment is 2000 euros, so who is buying the apartments?
The Russian invasion of Ukraine has caused a domino effect around the world in a multitude of areas. Serbia, one of the few countries openly accepting Russians is facing an unprecedented housing crisis linked to the influx of people since the conflict first broke out. As more Russians buy property, the cost of living in Serbia has skyrocketed, and supply is growing short. Anger and resentment about landlords and about Russians has led the social situation to worsen as tensions grow.
Fredrik & Leilani meet with Jovana Timotijevic & Marko Aksentijević of Serbia’s Ministry of Space (https://guerrillafoundation.org/grantee/ministry-of-space/) to discuss how the country’s history of communism and the current influx of wealthy Russians & Ukrainians fleeing the war is taking things from bad to worse.
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