Rental incomes in Martinique – Fort-de-France rental yields range from 5.12% to 5.60%
March 31, 2014
|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|
|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.|
|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|
|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.|
Coastal areas: Le Diamant, Les Trois-Îlets, Sainte-Anne and Sainte-Luce
Source: Global Property Guide
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.