Gross rental yields in North Macedonia: Skopje and 2 other cities
The average gross rental yield in North Macedonia stands at 6.53% (2026, Q1). Previously, in Q3 2025, the average rental yield was 6.51%.
Cities compared
- Skopje
- Bitola
- Štip
Historical rental yields in North Macedonia
| SKOPJE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| Studio | €38,000 | €200 | 6.32% |
| 1-Bedroom | €55,000 | €280 | 6.11% |
| 2-Bedroom | €75,000 | €370 | 5.92% |
| 3-Bedroom | €91,000 | €550 | 7.25% |
| 4+Bedroom | €135,000 | €750 | 6.67% |
| Aerodrom | |||
| Studio | €40,000 | €170 | 5.10% |
| 1-Bedroom | €53,000 | €250 | 5.66% |
| 2-Bedroom | €70,000 | €300 | 5.14% |
| 3-Bedroom | €85,000 | €350 | 4.94% |
| 4+Bedroom | €115,000 | €400 | 4.17% |
| Karposh | |||
| Studio | €42,000 | €200 | 5.71% |
| 1-Bedroom | €55,000 | €250 | 5.45% |
| 2-Bedroom | €68,000 | €320 | 5.65% |
| 3-Bedroom | €95,000 | €550 | 6.95% |
| 4+Bedroom | €119,000 | €900 | 9.08% |
| Kisela Voda | |||
| Studio | €37,000 | €165 | 5.35% |
| 1-Bedroom | €51,000 | €200 | 4.71% |
| 2-Bedroom | €64,000 | €250 | 4.69% |
| 3-Bedroom | €78,000 | €320 | 4.92% |
| 4+Bedroom | €110,000 | €400 | 4.36% |
| Gaza Baba | |||
| Studio | €44,000 | €150 | 4.09% |
| 1-Bedroom | €43,000 | €200 | 5.58% |
| 2-Bedroom | €53,000 | €250 | 5.66% |
| 3-Bedroom | €60,000 | €300 | 6.00% |
| Skopje (all locations) | |||
| Studio | €39,000 | €200 | 6.15% |
| 1-Bedroom | €50,000 | €250 | 6.00% |
| 2-Bedroom | €65,000 | €350 | 6.46% |
| 3-Bedroom | €82,000 | €500 | 7.32% |
| 4+Bedroom | €115,000 | €750 | 7.83% |
| Skopje avg. Rental Yields | 6.75% | ||
| BITOLA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Bitola (all locations) | |||
| 1-Bedroom | €31,000 | €150 | 5.81% |
| 2-Bedroom | €37,000 | €170 | 5.51% |
| 3-Bedroom | €40,000 | €250 | 7.50% |
| Bitola avg. Rental Yields | 6.27% | ||
| ŠTIP - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Štip (all locations) | |||
| 1-Bedroom | €30,000 | €170 | 6.80% |
| 2-Bedroom | €38,000 | €200 | 6.32% |
| Štip avg. Rental Yields | 6.56% | ||
| 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 |
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View the full rental yield dataset (2022 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest city in North Macedonia, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
