Belgrade - When web designer Petar Jakovljevic found a cramped two-bedroom apartment close to downtown Belgrade for 70,000 euros (90,000 dollars), he jumped at the chance.
It was a good deal in Serbia, where a severe housing shortage is keeping the capital's apartment prices at levels similar to the Paris suburbs while the average Serbian earns less than 400 euros (500 dollars) a month.
Jakovljevic, who has a wife and small child, also considered a larger, old apartment on the run-down Balkan city's outskirts that was selling for the same price per square meter.
In the end, they chose the new 35-square-metre flat with elevator and central heating, thinking it's the better investment.