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

Housing Index in Macedonia increased to 184.14 points in the second quarter of 2025 from 170.54 points in the first quarter of 2025. This dataset provides - Macedonia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about North Macedonia Gold Production

• North Macedonia Real Residential Property Price Index was reported at 99.593 2010=100 in Sep 2024.
• This records a decrease from the previous number of 101.155 2010=100 for Jun 2024.
• North Macedonia Real Residential Property Price Index data is updated quarterly, averaging 87.772 2010=100 from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 102.575 2010=100 in Dec 2008 and a record low of 72.698 2010=100 in Mar 2000.
• North Macedonia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

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

Key information about North Macedonia Real Residential Property Price Index Growth

• North Macedonia Real Residential Property Price Index Growth was reported at 5.254 % in Sep 2024.
• This records a decrease from the previous number of 7.239 % for Jun 2024.
• North Macedonia Real Residential Property Price Index Growth data is updated quarterly, averaging 1.142 % from Mar 2001 to Sep 2024, with 95 observations.
• The data reached an all-time high of 17.241 % in Dec 2008 and a record low of -8.983 % in Dec 2012.
• North Macedonia Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Key information about North Macedonia Nominal Residential Property Price Index

• North Macedonia Nominal Residential Property Price Index was reported at 154.050 2010=100 in Sep 2024.
• This records a decrease from the previous number of 154.510 2010=100 for Jun 2024.
• North Macedonia Nominal Residential Property Price Index data is updated quarterly, averaging 93.720 2010=100 from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 154.510 2010=100 in Jun 2024 and a record low of 56.830 2010=100 in Mar 2000.
• North Macedonia Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Key information about North Macedonia Nominal Residential Property Price Index Growth

• North Macedonia Nominal Residential Property Price Index Growth was reported at 7.976 % in Sep 2024.
• This records a decrease from the previous number of 11.447 % for Jun 2024.
• North Macedonia Nominal Residential Property Price Index Growth data is updated quarterly, averaging 2.137 % from Mar 2001 to Sep 2024, with 95 observations.
• The data reached an all-time high of 24.480 % in Dec 2008 and a record low of -7.917 % in Dec 2009.
• North Macedonia Nominal Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

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.

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.

House price index in North Macedonia, March, 2025 The most recent value is 170.54 index points as of Q1 2025, an increase compared to the previous value of 159.13 index points. Historically, the average for North Macedonia from Q1 2000 to Q1 2025 is 95.29 index points. The minimum of 56.84 index points was recorded in Q1 2000, while the maximum of 170.54 index points was reached in Q1 2025. | TheGlobalEconomy.com

North Macedonia House Price Index: Skopje: Quarter on Quarter Growth data was reported at 3.287 % in Dec 2024. This records an increase from the previous number of -0.298 % for Sep 2024. North Macedonia House Price Index: Skopje: Quarter on Quarter Growth data is updated quarterly, averaging 0.720 % from Jun 2000 (Median) to Dec 2024, with 99 observations. The data reached an all-time high of 8.656 % in Dec 2000 and a record low of -5.387 % in Dec 2014. North Macedonia House Price Index: Skopje: Quarter on Quarter Growth data remains active status in CEIC and is reported by National Bank of the Republic of North Macedonia. The data is categorized under Global Database’s North Macedonia – Table MK.EB001: House Price Index.

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.

North Macedonia House Price Index: Skopje data was reported at 159.111 2010=100 in Dec 2024. This records an increase from the previous number of 154.048 2010=100 for Sep 2024. North Macedonia House Price Index: Skopje data is updated quarterly, averaging 93.940 2010=100 from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 159.111 2010=100 in Dec 2024 and a record low of 56.825 2010=100 in Mar 2000. North Macedonia House Price Index: Skopje data remains active status in CEIC and is reported by National Bank of the Republic of North Macedonia. The data is categorized under Global Database’s North Macedonia – Table MK.EB001: House Price Index.

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.

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.

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.

Os dados de Índice de preços de imóveis residenciais reais of North Macedonia foram registrados em 99.593 2010=100 em 2024-09. Este registro de uma queda com relação aos números anteriores de 101.155 2010=100 em 2024-06. Os dados de Índice de preços de imóveis residenciais reais of North Macedonia são atualizados trimestral, com uma média de 87.772 2010=100 em 2000-03 até 2024-09, com 99 observações. Os dados alcançaram um alto recorde de 102.575 2010=100 em 2008-12 e um baixo recorde de 72.698 2010=100 em 2000-03. Os dados de Índice de preços de imóveis residenciais reais of North Macedonia permanecem com status ativo na CEIC e são reportados pela fonte: Bank for International Settlements. Os dados são classificados sob o World Trend Plus’ Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly.