Propertyfor sale in Macedonia
If you are interested in buying a property for sale in Macedonia it is not the best period because it is in a developping moment.
Macedonia's real estate market is growing substantially, including strong economic prospects and improving political conditions.
The national house price index grew by 7.15% during the year up to the first quarter of 2018, the biggest increase for almost nine years, according to the National Bank of the Republic of Macedonia. In the previous quarter, property for sale prices in Macedonia increased by 0.81% during the last quarter.
According to European standards, Macedonia is a poor country, with a total population of around 2.1 million people and a per capita GDP of US $ 5.474 in 2017. Corruption is everywhere. There is a lot of emigration. A large part of the population lives in poverty, especially the Albanians who are discriminated.
After the price increases of 10.8% in 2007 and 25.3% in 2008, the real estate market in Macedonia was slow, a cause of the global crisis, the problems in neighboring Greece and its own prolonged political crisis.
However, residential construction remains weak.Macedonia recorded zero economic growth in 2017.
The economy has improved significantly, supported by rising government spending and subsidies and by improving the political situation in the country. The economy is expected to grow by 3.1% this year and another 3.3% in 2019, according to the European Commission (EC), but it is not a positive moment to buy a property for sale in Macedonia.
But if you need to do it the purchase prices of property for sale in Skopje, in Macedonia, are very reasonable, around a price of around € 1,100 per square meter.
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