Record-High Price Paid for Skopje Apartment in First Quarter
During the first quarter of this year, the highest price per square meter for an apartment in Skopje reached 177,667 denars (approximately €130,000), according to a report by the Price and Rent Registry of the Cadastre of Immovable Assets. The transaction involved a 45 square meter apartment located within the Kisela Voda municipality. The report, covering the period of January to March, indicates that the average price paid per square meter was 2,888 euros.
This data was initially reported by TV21. The registry’s findings also reveal a significant decrease in the number of real estate transactions during this period. The report details a comprehensive analysis of average prices, focusing specifically on sales of both older apartments and newly constructed apartments.
Table 7 within the document outlines these average prices. The figures highlight a dynamic market within the Skopje real estate sector, with considerable interest demonstrated in smaller apartment units. Further analysis of the data is ongoing to assess broader market trends throughout the year.
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“That’s an incredibly expensive price for a small apartment, highlighting the rising cost of housing in Skopje.”
What factors are driving such high property prices in Skopje?