Macedonia: House Prices, Rents, and Rental Yields
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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%.
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posted by lambros skiadopoulos | 2007-01-31
athens greece
i would like to buy apartments and houses