Where to invest in the region today? Key recommendations from the RED Conference in Podgorica

The prices of real estate in Belgrade have grown as much as 80% since 2016, whereas in Montenegro, thanks to the development of luxury hotels, certain accommodation prices have jumped up to three times. These data opened the key topics and questions of this year’s RED Conference in Podgorica: where to invest today and in what, when stability and long-term value are more important than ever?

The conclusion of the panel was clear: hospitality can no longer be viewed separately from the real estate sector, and it is precisely mixed-use projects - which unify housing, business and hotel management - that the markets in the region need the most. This position was further boosted by the presentation of the Delta District project, about which Milos Grdinic, MRICS, Development & Asset Management Director in Delta Real Estate, talked.

Grdinic presented Delta District as a whole new concept of housing, which combines luxury, sustainability and the service of a five-star hotel - InterContinental Belgrade, available to the tenants as well.

– Delta District is not just a space - it is a whole new value for Belgrade and the whole region. We have created a place which provides security, prestige and the kind of lifestyle that was, until now, reserved only for metropolises such as London, Dubai, or Vienna – Grdinic emphasized at the panel.

Delta District brings a carefully designed balance of luxurious everyday life and a long-term investment value. Within this unique complex, there is a harmonious connection between:

• luxury residential apartments,
• highest A-class office spaces,
• a prestigious hotel with exclusive services available to the tenants,
• features such as a concierge, private cinema theater, modern gym, playground, green oases and private parks - all this in one of the most attractive locations in Belgrade.

In addition to Delta District, the company Delta Real Estate also presented its new project in Novi Sad - Delta Iron, an office complex under development which will further strengthen the real estate market in Vojvodina. In Belgrade, Delta Land is also being prepared - a new residential-office complex which is a continuation of the company’s ambitious investments in the local market.

The RED Conference, which was held on May 15-16 in the Hotel Hilton in Podgorica, gathered the leading experts, investors and representatives of developer companies from the region and the world. During the program, the key directions of the development of the real estate market were highlighted - from the growth of the prices and the change of investment strategies, to the importance of sustainability and the integration of different functions within single urban units.