North Macedonia property investment guide
Prices, price growth and rental yields, region by region
Home prices in North Macedonia rose 7.2% a year on average from 2016 to 2025, the 16th fastest of 35 European countries. Renting out on 12-month lets earned a gross yield of 9.7% of the price a year, falling from 11.4% in 2016 to 6.5% in 2025 as prices outpaced rents. A square metre cost €1,392 in 2025.
Updated 2026-10-28 · Data 2015–2026 so far
Areas of North Macedonia
| Vardarski | +7.2%* | 9.7%* | – |
|---|---|---|---|
| Istočen | +7.2%* | 9.7%* | – |
| Jugozapaden | +7.2%* | 9.7%* | – |
| Jugoistočen | +7.2%* | 9.7%* | – |
| Pelagoniski | +7.2%* | 9.7%* | – |
| Pološki | +7.2%* | 9.7%* | – |
| Severoistočen | +7.2%* | 9.7%* | – |
| Skopski | +7.2% | 9.7%* | €1,492 |
Price growth: 2016–2025, compound average per year, in the country's own currency, before inflation. Rental yields: 12-month lets, gross. Price per m²: latest year, from the best published source for each area. * Figure of the larger area: no local data. – no data.
Price growth by year
% change on the year before
How North Macedonia compares
Median of 35 countries with a price index, 2016–2025.
Questions
What is the average property price per m² in North Macedonia?
€1,392 per m² in 2025, from State Statistical Office (MakStat).
How much have property prices risen in North Macedonia?
+7.2% a year on average from 2016 to 2025, and +14.9% in 2026 so far.
What rental yield can you get in North Macedonia?
9.7% of the price a year on average for 12-month lets in 2016–2025, and 6.5% in 2025. These are gross figures, before costs, fees, empty months and tax.
Sources
Looking at a property in North Macedonia?
Request an invite to check a listing against its area's prices, growth and rental yields.