Real residential property prices Y-on-Y, percent change in North Macedonia, June, 2025 The most recent value is 18.23 percent as of Q2 2025, an increase compared to the previous value of 17.68 percent. Historically, the average for North Macedonia from Q1 2001 to Q2 2025 is 1.63 percent. The minimum of -12.69 percent was recorded in Q1 2013, while the maximum of 19.07 percent was reached in Q3 2002. | 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 - Selected residential property prices, Nominal, Index, 2010 = 100

North Macedonia Number of Job Postings: Removed: Real Estate Rental and Leasing data was reported at 0.000 Unit in 14 Apr 2025. This stayed constant from the previous number of 0.000 Unit for 07 Apr 2025. North Macedonia Number of Job Postings: Removed: Real Estate Rental and Leasing data is updated weekly, averaging 0.000 Unit from Jan 2008 (Median) to 14 Apr 2025, with 902 observations. The data reached an all-time high of 4.000 Unit in 13 Jan 2025 and a record low of 0.000 Unit in 14 Apr 2025. North Macedonia Number of Job Postings: Removed: 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: Removed: by Industry.

Revenue is forecast to contract at a compound annual rate of 2% over the five years through 2025 to €44.7 billion. This is mostly the result of COVID-19 restrictions dampening downstream demand in 2020. While 2021 saw some recovery, poor economic conditions since 2022 have stifled any significant recovery, continuing to weigh on the industry’s revenue performance. In 2025, revenue is slated to dip by 1.1% owing to the cooling housing market, despite significant investment in civil engineering projects across Europe. Despite public funding and support for new residential properties, a weaker housing market has limited stone and aggregates demand from property developers. This is primarily the result of persistently high interest rates, inhibiting borrowing and investing. Another key factor is the decline in cement and concrete manufacturing (two key downstream markets) in Europe since 2021, according to CEMBUREAU, owing to construction companies moving towards lower embedded CO2 construction materials. Still, revenue has been propped up by growing demand from non-construction markets, like glass manufacturers, fertiliser manufacturers and other industrial and building-environment solutions applications (like sand and gravel being used to prevent coastline erosion) Over the five years through 2030, revenue is forecast to grow at a compound annual rate of 2.5%, to €50.7 billion. Economic conditions are likely to remain fairly weak in the short to medium term as inflation remains above the universal 2% target. The elevated rate of inflation will ensure central banks delay any reductions in the base rate, keeping the cost of borrowing high for would-be home buyers. Weaker demand for houses will contribute to weak price performance and disincentivise developers from increasing production, weighing on activity levels in the construction sector. However, pockets of opportunity will remain in alternative uses of stone, clay, gravel and sand.

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.

In the first quarter of 2025, Portugal, Croatia, and the Netherlands had the highest house price to rent ratio index in Europe. The three 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, the Netherlands, and Switzerland. 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 classified 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.

Comprehensive collection of financial reports and documents for Interpromet AD (INPR)

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.

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.

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.

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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.

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.

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.

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: 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.

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.

North Macedonia Unit Labour Costs: Employment Based: Index: Non Agriculture Business Sector excluding Real Estate data was reported at 116.570 2015=100 in 2018. This records an increase from the previous number of 112.320 2015=100 for 2017. North Macedonia Unit Labour Costs: Employment Based: Index: Non Agriculture Business Sector excluding Real Estate data is updated yearly, averaging 107.250 2015=100 from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 123.830 2015=100 in 2000 and a record low of 97.830 2015=100 in 2013. North Macedonia Unit Labour Costs: Employment Based: 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: Unit Labour Costs: by Industry: Non OECD Member: Annual.

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.