Global Property Guide

Financial Information for the Residential Property Buyer


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

Last Updated: March 31, 2014

Last Updated: Mar. 31, 2014
FORT-DE-FRANCE - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
35 sq. m. 123,935 762 7.38% 3,541 21.77
60 sq. m. 202,920 1,040 6.15% 3,382 17.34
120 sq. m. 339,360 1,781 6.30% 2,828 14.84
FORT-DE-FRANCE- Apartments
125 sq. m. 433,000 n.a. n.a. 3,464 n.a.
250 sq. m. 643,250 n.a. n.a. 2,573 n.a.
COASTAL Apartments
30 sq. m. 134,430 694 6.19% 4,481 23.12
50 sq. m. 204,100 977 5.74% 4,082 19.53
120 sq. m. 472,560 2,010 5.10% 3,938 16.75
COASTAL Houses
75 sq. m. 330,600 n.a. n.a. 4,408 n.a.
150 sq. m. 617,850 n.a. n.a. 4,119 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.

Comments

Be the first to comment on this article!

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.