Gross rental yields in North Macedonia: Skopje and 2 other cities
The average gross rental yield in Spain stands at 6.00% (2024, Q1).
- Skopje
- Bitola
- Štip
Last Updated: Feb. 09, 2024 | |||
SKOPJE - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Center | |||
Studio | €36,000 | €200 | 6.67% |
1-Bedroom | €55,000 | €250 | 5.45% |
2-Bedroom | €75,000 | €350 | 5.60% |
3-Bedroom | €92,000 | €500 | 6.52% |
4+Bedroom | €130,000 | €700 | 6.46% |
Aerodrom | |||
Studio | €35,000 | €162 | 5.57% |
1-Bedroom | €50,000 | €220 | 5.28% |
2-Bedroom | €67,000 | €250 | 4.48% |
3-Bedroom | €81,000 | €300 | 4.44% |
4+Bedroom | €102,000 | €350 | 4.12% |
Karposh | |||
Studio | €36,000 | €170 | 5.67% |
1-Bedroom | €52,000 | €235 | 5.43% |
2-Bedroom | €65,000 | €300 | 5.54% |
3-Bedroom | €92,000 | €450 | 5.87% |
Kisela Voda | |||
Studio | €33,000 | €150 | 5.45% |
1-Bedroom | €49,000 | €200 | 4.90% |
2-Bedroom | €61,000 | €250 | 4.92% |
3-Bedroom | €77,000 | €330 | 5.14% |
4+Bedroom | €93,000 | €400 | 5.16% |
Gaza Baba | |||
Studio | €33,000 | €150 | 5.45% |
1-Bedroom | €39,000 | €162 | 5.00% |
2-Bedroom | €50,000 | €220 | 5.28% |
3-Bedroom | €57,600 | €250 | 5.21% |
Skopje avg. Rental Yields | 5.37% | ||
BITOLA - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Bitola (all locations) | |||
1-Bedroom | €28,000 | €150 | 6.43% |
2-Bedroom | €36,000 | €162 | 5.41% |
3-Bedroom | €41,000 | €250 | 7.32% |
4+Bedroom | €87,500 | €450 | 6.39% |
Bitola avg. Rental Yields | 6.63% | ||
ŠTIP - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Štip (all locations) | |||
1-Bedroom | €30,000 | €154 | 6.17% |
2-Bedroom | €37,000 | €195 | 6.32% |
Štip avg. Rental Yields | 6.25% | ||
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 and Pazar3 |
North Macedonia´s Historic Rental Yield Data
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in Macedonia. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).