Real residential property prices Y-on-Y, percent change in North Macedonia, March, 2025 The most recent value is 14.62 percent as of Q1 2025, an increase compared to the previous value of 6.27 percent. Historically, the average for North Macedonia from Q1 2001 to Q1 2025 is 1.4 percent. The minimum of -9.02 percent was recorded in Q4 2012, while the maximum of 17.21 percent was reached in Q4 2008. | TheGlobalEconomy.com

Key information about House Prices Growth

• North Macedonia house prices grew 4.7% YoY in Mar 2024, following an increase of 7.0% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2001 to Mar 2024, with an average growth rate of 1.9%.
• House price data reached an all-time high of 24.6% in Dec 2008 and a record low of -7.9% in Dec 2009.

North Macedonia: Housing and utilities price index, world average = 100: The latest value from 2021 is 46.97 index points, a decline from 50.905 index points in 2017. In comparison, the world average is 77.639 index points, based on data from 165 countries. Historically, the average for North Macedonia from 2017 to 2021 is 48.938 index points. The minimum value, 46.97 index points, was reached in 2021 while the maximum of 50.905 index points was recorded in 2017.

North Macedonia GDP: GVA: Real Estate Activities data was reported at 30,226.546 MKD mn in Dec 2024. This records an increase from the previous number of 28,060.060 MKD mn for Sep 2024. North Macedonia GDP: GVA: Real Estate Activities data is updated quarterly, averaging 14,838.000 MKD mn from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 30,226.546 MKD mn in Dec 2024 and a record low of 8,457.600 MKD mn in Mar 2000. North Macedonia GDP: GVA: Real Estate Activities data remains active status in CEIC and is reported by State Statistical Office of the Republic of North Macedonia. The data is categorized under Global Database’s North Macedonia – Table MK.A007: ESA 2010: GDP: by Industry: Current Price.

North Macedonia GDP: CL 2005p: GVA: Real Estate Activities data was reported at 16,061.000 MKD mn in Dec 2024. This records an increase from the previous number of 15,829.000 MKD mn for Sep 2024. North Macedonia GDP: CL 2005p: GVA: Real Estate Activities data is updated quarterly, averaging 11,352.500 MKD mn from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 18,273.000 MKD mn in Dec 2008 and a record low of 6,798.000 MKD mn in Jun 2008. North Macedonia GDP: CL 2005p: GVA: Real Estate Activities data remains active status in CEIC and is reported by State Statistical Office of the Republic of North Macedonia. The data is categorized under Global Database’s North Macedonia – Table MK.A009: ESA 2010: GDP: by Industry: Chain-Linked 2005 Price.

In 2024, Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio index in Europe. The four countries ranked the highest, with house price to rent indices exceeding *** index points. The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries, with 2015 used as a base year. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index amounted to 100. In terms of house price to income ratio, the top three countries were Portugal, Luxembourg, and Hungary Homeownership in Europe Homeownership varies widely across European countries. In some, such as Austria, Germany and Switzerland, homeownership is relatively low with less than ********** of people occupying a dwelling owned by a member of the household. In other countries (Iceland, the Netherlands, Norway, and Sweden) more than **** of people were owner-occupiers with a mortgage. A third group of countries with a high homeownership rate without a housing loan includes many Eastern and South European countries, among which were Serbia, Romania, North Macedonia, Italy, and Bulgaria. Dwellings as a non-financial asset Dwellings, along with structures, land, and intellectual property, are classed as non-financial assets and form an important part of household wealth. Through sale, refinancing or renting, they can serve as an additional source of income. In 2022, France, Germany, and Norway were the European countries with the highest value of dwellings per capita as a non-financial asset with values between ****** and ****** euros per capita.

In all CEE countries, except for North Macedonia, rentals for housing prices increased more than the average for the ** EU countries in 2024. Rents in Hungary have increased the most, by over ** percent compared to 2015.

Macedonia GDP: Same Qtr PY=100: VI: GVA: Real Estate Activities data was reported at 100.386 Same Qtr PY=100 in Sep 2018. This records a decrease from the previous number of 102.087 Same Qtr PY=100 for Jun 2018. Macedonia GDP: Same Qtr PY=100: VI: GVA: Real Estate Activities data is updated quarterly, averaging 99.300 Same Qtr PY=100 from Mar 2001 (Median) to Sep 2018, with 71 observations. The data reached an all-time high of 190.000 Same Qtr PY=100 in Dec 2008 and a record low of 54.800 Same Qtr PY=100 in Jun 2008. Macedonia GDP: Same Qtr PY=100: VI: GVA: Real Estate Activities data remains active status in CEIC and is reported by State Statistical Office of the Republic of Macedonia. The data is categorized under Global Database’s Macedonia – Table MK.A011: ESA 2010: GDP: by Industry: Same Quarter Previous Year=100: Volume Index.

Comprehensive Airbnb dataset for Skopje, North Macedonia providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.

Macedonia Number of Enterprises: New: Real Estate, Renting and Business Activities data was reported at 929.000 Unit in 2016. This records an increase from the previous number of 799.000 Unit for 2015. Macedonia Number of Enterprises: New: Real Estate, Renting and Business Activities data is updated yearly, averaging 928.000 Unit from Dec 2004 (Median) to 2016, with 13 observations. The data reached an all-time high of 2,316.000 Unit in 2010 and a record low of 388.000 Unit in 2004. Macedonia Number of Enterprises: New: Real Estate, Renting and Business Activities data remains active status in CEIC and is reported by State Statistical Office of the Republic of Macedonia. The data is categorized under Global Database’s Macedonia – Table MK.O007: Number of Enterprises: by Industry.

North Macedonia Number of Job Postings: Active: Real Estate Rental and Leasing data was reported at 1.000 Unit in 28 Apr 2025. This stayed constant from the previous number of 1.000 Unit for 21 Apr 2025. North Macedonia Number of Job Postings: Active: Real Estate Rental and Leasing data is updated weekly, averaging 0.000 Unit from Jan 2008 (Median) to 28 Apr 2025, with 904 observations. The data reached an all-time high of 5.000 Unit in 03 Jul 2023 and a record low of 0.000 Unit in 24 Feb 2025. North Macedonia Number of Job Postings: Active: Real Estate Rental and Leasing data remains active status in CEIC and is reported by Revelio Labs, Inc.. The data is categorized under Global Database’s North Macedonia – Table MK.RL.JP: Number of Job Postings: Active: by Industry.

North Macedonia Unit Labour Costs: Employment Based: Annual Growth: Business Sector Services excluding Real Estate data was reported at 2.680 % in 2018. This records an increase from the previous number of 2.470 % for 2017. North Macedonia Unit Labour Costs: Employment Based: Annual Growth: Business Sector Services excluding Real Estate data is updated yearly, averaging 1.410 % from Dec 2001 (Median) to 2018, with 18 observations. The data reached an all-time high of 30.500 % in 2009 and a record low of -22.960 % in 2007. North Macedonia Unit Labour Costs: Employment Based: Annual Growth: Business Sector Services excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s North Macedonia – Table MK.OECD.PDB: Unit Labour Costs: by Industry: Non OECD Member: Annual.

Macedonia Number of Enterprises: Out of Business: Real Estate, Renting and Business Activities data was reported at 633.000 Unit in 2016. This records an increase from the previous number of 568.000 Unit for 2015. Macedonia Number of Enterprises: Out of Business: Real Estate, Renting and Business Activities data is updated yearly, averaging 509.000 Unit from Dec 2004 (Median) to 2016, with 11 observations. The data reached an all-time high of 2,087.000 Unit in 2010 and a record low of 208.000 Unit in 2004. Macedonia Number of Enterprises: Out of Business: Real Estate, Renting and Business Activities data remains active status in CEIC and is reported by State Statistical Office of the Republic of Macedonia. The data is categorized under Global Database’s Macedonia – Table MK.O007: Number of Enterprises: by Industry.

North Macedonia Total Employment: Index: Business Sector Services excluding Real Estate data was reported at 103.520 2015=100 in 2020. This records a decrease from the previous number of 113.380 2015=100 for 2019. North Macedonia Total Employment: Index: Business Sector Services excluding Real Estate data is updated yearly, averaging 83.140 2015=100 from Dec 2000 (Median) to 2020, with 21 observations. The data reached an all-time high of 113.380 2015=100 in 2019 and a record low of 54.280 2015=100 in 2002. North Macedonia Total Employment: Index: Business Sector Services excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s North Macedonia – Table MK.OECD.PDB: Employment: by Industry: Non OECD Member: Annual.

Macedonia Number of Enterprises: Real Estate, Renting and Business Activities data was reported at 8,820.000 Unit in 2016. This records an increase from the previous number of 8,330.000 Unit for 2015. Macedonia Number of Enterprises: Real Estate, Renting and Business Activities data is updated yearly, averaging 7,642.000 Unit from Dec 2004 (Median) to 2016, with 13 observations. The data reached an all-time high of 8,831.000 Unit in 2012 and a record low of 2,816.000 Unit in 2004. Macedonia Number of Enterprises: Real Estate, Renting and Business Activities data remains active status in CEIC and is reported by State Statistical Office of the Republic of Macedonia. The data is categorized under Global Database’s Macedonia – Table MK.O007: Number of Enterprises: by Industry.

North Macedonia Unit Labour Costs: Employment Based: Index: Business Sector Services excluding Real Estate data was reported at 107.810 2015=100 in 2018. This records an increase from the previous number of 104.990 2015=100 for 2017. North Macedonia Unit Labour Costs: Employment Based: Index: Business Sector Services excluding Real Estate data is updated yearly, averaging 101.040 2015=100 from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 111.210 2015=100 in 2001 and a record low of 76.340 2015=100 in 2007. North Macedonia Unit Labour Costs: Employment Based: Index: Business Sector Services excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s North Macedonia – Table MK.OECD.PDB: Unit Labour Costs: by Industry: Non OECD Member: Annual.

North Macedonia Total Employment: Annual Growth: Business Sector Services excluding Real Estate data was reported at -8.700 % in 2020. This records a decrease from the previous number of 3.050 % for 2019. North Macedonia Total Employment: Annual Growth: Business Sector Services excluding Real Estate data is updated yearly, averaging 3.020 % from Dec 2001 (Median) to 2020, with 20 observations. The data reached an all-time high of 17.000 % in 2009 and a record low of -8.700 % in 2020. North Macedonia Total Employment: Annual Growth: Business Sector Services excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s North Macedonia – Table MK.OECD.PDB: Employment: by Industry: Non OECD Member: Annual.

Macedonia (FDI) Foreign Direct Investment: Flow: NACE 2: Services: Real Estate Activities data was reported at 1.655 EUR mn in Jun 2018. This records an increase from the previous number of 1.079 EUR mn for Mar 2018. Macedonia (FDI) Foreign Direct Investment: Flow: NACE 2: Services: Real Estate Activities data is updated quarterly, averaging 0.797 EUR mn from Mar 2010 (Median) to Jun 2018, with 34 observations. The data reached an all-time high of 10.919 EUR mn in Jun 2017 and a record low of -1.817 EUR mn in Dec 2010. Macedonia (FDI) Foreign Direct Investment: Flow: NACE 2: Services: Real Estate Activities data remains active status in CEIC and is reported by National Bank of the Republic of Macedonia. The data is categorized under Global Database’s Macedonia – Table MK.O002: Foreign Direct Investment: BPM6: Flow: by Industry.

North Macedonia Labour Compensation per Person Employed: Index: Non Agriculture Business Sector excluding Real Estate data was reported at 116.900 2015=100 in 2018. This records an increase from the previous number of 110.440 2015=100 for 2017. North Macedonia Labour Compensation per Person Employed: Index: Non Agriculture Business Sector excluding Real Estate data is updated yearly, averaging 92.180 2015=100 from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 116.900 2015=100 in 2018 and a record low of 77.000 2015=100 in 2000. North Macedonia Labour Compensation per Person Employed: Index: Non Agriculture Business Sector excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s North Macedonia – Table MK.OECD.PDB: Labour Compensation: by Industry: Non OECD Member: Annual.

North Macedonia Total Employment: Index: Non Agriculture Business Sector excluding Real Estate data was reported at 103.000 2015=100 in 2020. This records a decrease from the previous number of 112.380 2015=100 for 2019. North Macedonia Total Employment: Index: Non Agriculture Business Sector excluding Real Estate data is updated yearly, averaging 88.050 2015=100 from Dec 2000 (Median) to 2020, with 21 observations. The data reached an all-time high of 112.380 2015=100 in 2019 and a record low of 71.760 2015=100 in 2003. North Macedonia Total Employment: Index: Non Agriculture Business Sector excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s North Macedonia – Table MK.OECD.PDB: Employment: by Industry: Non OECD Member: Annual.