Last Updated: Sept. 5, 2022
SKOPJE - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Center
Studio	€38,500	€200	6.23%
1-Bedroom	€51,000	€250	5.88%
2-Bedroom	€72,000	€340	5.67%
3-Bedroom	€92,000	€470	6.13%
4+Bedroom	€135,000	€625	5.56%
Aerodrom
Studio	€34,500	€160	5.57%
1-Bedroom	€49,000	€200	4.90%
2-Bedroom	€65,000	€240	4.43%
3-Bedroom	€80,000	€300	4.50%
4+Bedroom	€97,500	€350	4.31%
Karposh
Studio	€35,000	€162	5.56%
1-Bedroom	€50,000	€220	5.28%
2-Bedroom	€63,000	€280	5.33%
3-Bedroom	€88,000	€400	5.45%
4+Bedroom	€118,500	€600	6.08%
Kisela Voda
Studio	€32,000	€150	5.63%
1-Bedroom	€47,000	€200	5.11%
2-Bedroom	€59,000	€250	5.08%
3-Bedroom	€75,000	€300	4.80%
4+Bedroom	€91,000	€425	5.60%
Gaza Baba
Studio	€27,750	€150	6.49%
1-Bedroom	€37,000	€160	5.19%
2-Bedroom	€46,000	€220	5.74%
3-Bedroom	€56,000	€200	4.29%
4+Bedroom	€97,000	€250	3.09%
Skopje avg. Rental Yields			5.28%
BITOLA - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Bitola (all locations)
Studio	€19,500	€100	6.15%
1-Bedroom	€28,000	€150	6.43%
2-Bedroom	€36,500	€162	5.33%
3-Bedroom	€41,250	€250	7.27%
4+Bedroom	€44,500	€235	6.34%
Bitola avg. Rental Yields			6.30%
OHRID - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Ohrid (all locations)
Studio	€23,000	€81	4.23%
1-Bedroom	€34,000	€114	4.01%
2-Bedroom	€43,000	€150	4.19%
3-Bedroom	€50,000	€110	2.64%
Ohrid avg. Rental Yields			3.77%
STIP - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Stip (all locations)
Studio	€15,000	€97	7.78%
1-Bedroom	€30,000	€162	6.49%
2-Bedroom	€37,000	€200	6.49%
3-Bedroom	€45,000	€200	5.33%
3-Bedroom	€48,000	€179	4.48%
Stip avg. Rental Yields			6.11%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Buying prices of apartments in Skopje, Macedonia, remain very reasonably priced at around EUR 46,000 to EUR 72,000 for a two-bedroom apartment. Rental yields in Skopje are between 3.09% to 6.49% with a city average of 5.28%-

Due to moderate price rises since 2005 (all our figures are stated in Euro terms), there has been a slight increase in yields. It seems to us that another reason is that rents have been raising, though we don´t have official statistics to confirm this. Gross rental yields in Macedonia are now moderate, with most cities yielding around 3.77% to 6.30%.

  

Round trip transaction costs are low on residential property in Macedonia, see our Macedonia transaction costs analysis and our Macedonia transaction costs compared to other locations.