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Mar 01, 2012

Rental incomes in Martinique – Fort-de-France rental yields range from 5.12% to 5.60%

			Last Updated: Mar. 1, 2012
FORT-DE-FRANCE - Apartments	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
FORT-DE-FRANCE - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	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
FORT-DE-FRANCE- Apartments
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.
COASTAL Apartments
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
COASTAL Houses
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.
Fort-de-France 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.

Martinique - more data and information

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