|Last Updated: Mar. 1, 2012|
|FORT-DE-FRANCE - Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||141,520||661||5.60%||3,538||16.52|
|70 sq. m.||235,340||n.a.||n.a.||3,362||n.a.|
|120 sq. m.||357,480||1,524||5.12%||2,979||12.70|
|120 sq. m.||390,360||n.a.||n.a.||3,253||n.a.|
|250 sq. m.||618,000||n.a.||n.a.||2,472||n.a.|
|30 sq. m.||133,830||698||6.26%||4,461||23.27|
|50 sq. m.||209,800||881||5.04%||4,196||17.61|
|80 sq. m.||291,040||1,250||5.16%||3,638||15.63|
|80 sq. m.||368,720||n.a.||n.a.||4,609||n.a.|
|100 sq. m.||435,700||n.a.||n.a.||4,357||n.a.|
|120 sq. m.||499,440||n.a.||n.a.||4,162||n.a.|
|150 sq. m.||548,700||n.a.||n.a.||3,658||n.a.|
|250 sq. m.||807,250||n.a.||n.a.||3,229||n.a.|
Coastal areas: Le Diamant, Les Trois-Îlets, Sainte-Anne and Sainte-Luce
Source: Global Property Guide
Martinique property prices have somewhat fallen. The current average price per square metre of properties in Martinique is US$3,600, while last year it was US$4,100. The downward trend in property prices is observable for Fort-de-France apartments and houses, as well as for apartments and houses located in the coastal areas such as Le Diamant, Les Trois-Îlets, Sainte-Anne, and Sainte-Luce.
The decline in prices, however, has not fully been reflected in lower rents. So rental yields of coastal apartments have risen from 4.35% to 5.48%. An 80-sq m apartment last year earned ‘poor’ rental yields of 4.20%. The same apartment might today earn ‘moderate’ rental yields, of 5.16%.
Our sample size of houses this year was small, and we did not have enough cases to sample house rents.
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