Martinique: House Prices, Rents, and Rental Yields
Country Rating » 
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Landlord and Tenant
- Inheritance
- Living There
- Country Statistics
Directory
Global Statistics
Regional Statistics
Long-term yields are low in Martinique
| Last Updated: Feb. 11, 2008 | |||||
| MARTINIQUE - Houses | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 90 sq. m. | 383,130 | 1,737 | 5.44% | 4,257 | 19.30 |
| 200 sq. m. | 811,400 | n.a. | n.a. | 4,057 | n.a. |
| FORT DE FRANCE - Apartments | |||||
| 35 sq. m. | 129,535 | 721 | 6.70% | 3,701 | 20.60 |
| 75 sq. m. | 297,450 | 1,422 | 5.74% | 3,966 | 18.96 |
| Coastal Areas * - Apartments | |||||
| 35 sq. m. | 165,270 | 739 | 5.37% | 4,722 | 21.12 |
| 75 sq. m. | 293,475 | 1,398 | 5.72% | 3,913 | 18.64 |
| * Coastal areas include Les Trois Îlets, Le Diamant, Sainte Anne, and Sainte Luce.
Source: Global Property Guide |
|||||
Properties in Martinique are expensive, at around US$4,000 per square metre (sq. m.). A 200-sq. m house in Martinique costs around €835,000. But when rented out it is likely to achieve a gross rental yield of only around 3.1%, low by any standards. Smaller units of 100 sq. m achieve around 5.4% - better, but not stunning.
Martinique rentals are falling because so many new houses have been put on the market over the past 10-15 years. “Nine years ago when we started when you told owners that they would have to pay commission to have you rent their property, they would just laugh in your face!” says Rapier. “Now renters of old properties face a real difficulty in renting property. This is the direct result of the defiscalisation laws.”
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
Your Comments
Be the first to comment!