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Property Prices in North Macedonia: Apartment Price Index in Skopje (2010=100)

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
20234.87%6.61%5.47%4.44%
2022-0.74%1.56%0.98%4.82%
20212.06%2.43%-0.32%4.07%
20200.41%0.95%-1.23%-0.19%
20191.59%3.77%-2.32%1.03%
20182.57%-0.47%0.48%0.53%
2017-2.86%-0.1%0.31%0.16%
20162.97%-0.48%-1.64%0.41%
20151.26%0.48%-0.13%-0.74%
20140.11%2.41%4.13%-5.44%
2013-2.25%-0.5%3.55%-1.98%
20120.41%-1.56%-1.31%-0.96%
2011-5.65%1.9%0.19%-0.02%
20103.32%0.23%-1.72%1.86%
20095.01%1.69%-3.17%-2.78%
20080.01%7.29%2.22%7.6%
20075.47%0.76%-1.91%7.24%
2006-2.42%-2.9%2.44%-4.17%
20052.81%-2.9%1.72%

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.