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Macedonia: House Prices, Rents, and Rental Yields

Last Updated: Sep 23, 2009

Macedonia remains attractively valued

Last Updated: Sep. 23, 2009
SKOPJE - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
40 sq. m. 45,760 284 7.44% 1,144 7.09
80 sq. m. 84,480 580 8.24% 1,056 7.25
120 sq. m. 124,680 1,030 9.91% 1,039 8.58
225 sq. m. 283,050 1,757 7.45% 1,258 7.81
SKOPJE - Houses
300 sq. m. 282,000 2,493 10.61% 940 8.31
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Neither prices nor rents have moved significantly over the past couple of years in Skopje, Macedonia, according to Global Property Guide research. 

Buying prices range from €1,000 to €1,250 per square metre (sq. m.), while rents range from around €7 to €8.6 per sq. m./month.   So a 120 sq. m. apartment would cost around €125,000, and produce a rent of around €1,030 per month, generating a yield of around 9.9%.

Our conclusion is that Macedonia is attractively valued, because its yields range from 7.4% to 10.6%. 

 

 

Your Comments

posted by lambros skiadopoulos | 2007-01-31

athens greece

i would like to buy apartments and houses

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