Macedonia: yields are moderate
Residential Valuation Specialist | September 20, 2014
|Last Updated: Oct. 20, 2014|
|SKOPJE - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|45 sq. m.||49,590||232||5.62%||1,102||5.16|
|70 sq. m.||77,490||316||4.89%||1,107||4.51|
|120 sq. m.||136,080||565||4.98%||1,134||4.71|
|Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule|
Buying prices of apartments in Skopje, Macedonia, remain very reasonably price at around 1,100 Euros per square metre.
Due to moderate price rises since 2005 (all our figures are stated in Euro terms), there have been slight declines in yields. It seems to us that another reason is that rents have been falling, though we don´t have official statistics to confirm this. Gross rental yields in Skopje are now moderate, with most apartments yielding around 5.0% to 5.5%.