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