Savski venac municipality of Belgrade – Living, lifestyle & real estate guide

Savski venac is one of the oldest and smallest central municipalities of Belgrade and, at the same time, one of its strongest symbols. It represents the administrative, business, transport, and tourist core of the city. The municipality owes its name to its geographical position, shaped like a wreath along the Sava River.

The municipality covers an area of 15.8 km² and is home to approximately 37,000 residents, while every day a significantly larger number of people commute here for work, education and public services. It stretches from the confluence of the Topčider River into the Sava, across the slopes of Topčider Hill. Savski Venac was officially formed in 1957, by merging the former municipalities of Topčidersko Brdo and Zapadni Vračar.

Savski venac today

In recent years, Savski venac has undergone intensive urban transformation, giving it a new role in contemporary city life. Today, it is considered one of the most desirable areas in Belgrade for living, leisure and investment, largely due to major riverfront developments, most notably Belgrade Waterfront.

Belgrade Waterfront

Belgrade Waterfront is one of the largest urban development projects in Southeast Europe and has significantly reshaped this part of the city. The area features modern residential buildings, office towers, hotels, restaurants, landscaped parks, and public riverfront promenades. Wide pedestrian zones, cycling paths, modern architecture, and direct river views make this district especially attractive to international buyers looking for centrally located, high-standard urban living.

Galerija Belgrade

Located directly on the Sava riverbank, Galerija Belgrade is the largest and most modern shopping mall in Serbia. With over 300 international and local brands, restaurants, cafés, cinemas, and family-oriented facilities, it functions as a major lifestyle hub rather than a traditional mall. Its direct connection to the river promenade and Belgrade Waterfront enhances the area’s appeal to residents and visitors.

Real estate prices in Savski venac

One of the defining characteristics of the Savski Venac property market is the wide price range, depending on micro-location and building type. Average prices show a clear difference between older buildings and new developments. While resale apartments average around €3,133 per m², new-build properties reach approximately €4,361 per m², largely due to premium projects such as Belgrade Waterfront. Some of the highest property prices in Belgrade are recorded precisely in this municipality.

What to see and experience here

Savski Venac boasts rich cultural, historical and architectural heritage, with over 80 protected cultural landmarks. Notable sites include the Residence of Prince Miloš in Topčider, former Yugoslav memorial museums, the historic Belgrade Main Railway Station, and the Students’ Cultural Center (SKC), a long-standing hub of urban culture. The iconic Hotel Bristol remains an architectural symbol of old Belgrade.

The area is also home to the Belgrade Fair, major government buildings, ministries, medical institutions, and key city arteries.

Savamala District

Once an industrial and trading zone, Savamala has evolved into Belgrade’s alternative cultural district. Known for its historic buildings, narrow streets, clubs, galleries and live music venues, it attracts creatives, tourists and younger residents seeking a more unconventional urban atmosphere.

Green Areas & Outdoor Spaces

Although centrally located, Savski Venac offers several important green spaces. Manjež Park serves as a compact urban park, while Hyde Park and the wider Topčider Hill area provide a more natural, forest-like environment. Topčider Park, one of Belgrade’s oldest parks, is a well-known retreat close to the city center.
The Royal Compound (White Palace) forms a significant green zone, while Gazela Park and the riverfront promenades along the Sava—especially in Belgrade Waterfront—are popular for walking, jogging and cycling.

If you are interested in living or investing in one of Belgrade’s oldest and most distinctive districts, explore our selection of apartments in Belgrade, Savski venac.