|
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 |
| 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.