Real estate investment in North Macedonia

Foreigners can buy and sell properties with the approval of the Ministry of Justice.

Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 1,4%. Five years ago, an apartment of 100 m² cost an average of €76,000, and today it is sold for €98,000.


Average price per 1 m²


Average price growth per quarter


Associated costs, of the property value

How the residential property price index is growing in North Macedonia


Cost of a 3-bedroom apartment in North Macedonia


Apartment in the centre of Skopje


Apartment in Skopje


Apartment in Ohrid

North Macedonia residence permit or citizenship by real estate investment

One cannot get a North Macedonia residence permit by purchasing real estate. However, you can obtain a residence permit for opening a company, while authorised capital can be used to purchase real estate.

Taxes and associated costs

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Igor Buglo

Material prepared by Igor Buglo, Head of the Maltese office, MBA

April 26, 2024