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North Macedonia (Skopje) House Price Index since 2005

Macedonia, Skopje

Source: National Bank of Macedonia

Apartment prices, Skopje, North Macedonia, % change 1 yr

Nominal and inflation-adjusted ('real')

Macedonia, Skopje

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2024-2.3%
20230.52%-1.07%0.72%2.92%
2022-1.32%-0.08%-0.03%4.03%
20211.56%1.13%-0.47%3.78%
2020-0.28%-0.02%-0.54%-0.45%
20191.21%3.05%-2.02%1.49%
20181.54%-2.59%0.74%0.43%
2017-3.07%-1.75%0.68%0.83%
20162.66%-1.73%-0.75%0.99%
20151.54%0.4%-0.1%-0.38%
2014-0.73%1.95%3.91%-5.63%
2013-2.2%-2.38%2.07%-2.4%
2012-1.27%-1.93%-2.4%-1.17%
2011-6.25%2.21%1.34%-0.68%
20104.44%0.03%-0.97%0.32%
2009-3.74%2.35%-2.03%-3.57%
20082.08%5.83%3.71%6.31%
20074.24%-0.46%-2.62%4.18%
2006-2.35%-3.75%3.55%-5.06%
20052.34%-1.97%0.64%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.