Macedonia: yields are moderate

Residential Valuation Specialist | September 20, 2014

Last Updated: Oct. 20, 2014
SKOPJE - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
45 sq. m. 49,590 232 5.62% 1,102 5.16
70 sq. m. 77,490 316 4.89% 1,107 4.51
120 sq. m. 136,080 565 4.98% 1,134 4.71
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Buying prices of apartments in Skopje, Macedonia, remain very reasonably price at around 1,100 Euros per square metre.

Due to moderate price rises since 2005 (all our figures are stated in Euro terms), there have been slight declines in yields. It seems to us that another reason is that rents have been falling, though we don´t have official statistics to confirm this. Gross rental yields in Skopje are now moderate, with most apartments yielding around 5.0% to 5.5%.