Europe · MKD
North Macedonia Housing Market Data
House prices in North Macedonia rose 13.3% in the year to Q2 2026, based on BIS data. After inflation, prices gained 8.4% over the same period. Rents changed +1.8% year on year. Over five years the nominal index is +99.2%.
North Macedonia
North Macedonia house price index report
- Author
- Global Property Search Research DeskMarket data team
- Last update
- Apr 2026
- Next update
- Apr 2027
- Reviewed against
- MSCI Real Capital Analytics — Transactions Report, CBS / Kadaster — Bestaande koopwoningen prijsindex, BIS Selected Residential Property Prices +7 more
Independently researched and fact-checked against official sources. See our methodology and data sources.
Prices, year on year
+13.3%
Nominal, to Q2 2026
Prices after inflation
+8.4%
Real terms, year on year
Five-year change
+99.2%
Nominal index
Rents, year on year
+1.8%
Rent price index
Quarter on quarter
+5.5%
Most recent quarter
Ten-year change
+122.5%
Nominal index
Price-to-income
—
OECD index, 2015 = 100
Price-to-rent
—
OECD index, 2015 = 100
North Macedonia house price history and latest market news
The nominal house price index for North Macedonia runs from Q1 2000 to Q2 2026. Over that period the index moved from 61.1 to 225.9 (2015 = 100), a change of +269.5%.
The highest reading in the series is 225.9 in Q2 2026, which puts the most recent quarter 0.0% against that peak. The lowest reading is 61.1 in Q1 2000.
Latest update: the most recent published quarter is Q2 2026, sourced from BIS Selected Residential Property Prices, Eurostat housing statistics. New readings are added to this page as each statistical agency publishes, so the history above always reflects the latest official release rather than an estimate.
House price index since 2000
Indices rebased so the 2015 average equals 100. Source: BIS.
Construction costs and building permits
Supply-side indicators for North Macedonia: the cost of building new residential buildings and the number of dwellings approved by building permits. Both rebased so the 2015 average equals 100. Source: Eurostat.
Recent quarters in North Macedonia
| Quarter | Nominal index | Real index | Rent index |
|---|---|---|---|
| Q2 2026 | 225.9 | 149.9 | — |
| Q1 2026 | 214.1 | 145.1 | — |
| Q4 2025 | 214.0 | 145.1 | 113.5 |
| Q3 2025 | 207.4 | 140.9 | 112.5 |
| Q2 2025 | 199.3 | 138.4 | 111.9 |
| Q1 2025 | 183.6 | 129.0 | 111.6 |
| Q4 2024 | 171.2 | 121.0 | 111.6 |
| Q3 2024 | 165.8 | 117.6 | 110.5 |
| Q2 2024 | 166.2 | 119.4 | 108.2 |
| Q1 2024 | 153.6 | 112.5 | 104.9 |
| Q4 2023 | 154.8 | 113.8 | 104.9 |
| Q3 2023 | 153.6 | 111.8 | 104.8 |
North Macedonia housing market questions
- Are house prices rising or falling in North Macedonia?
- Nominal house prices in North Macedonia changed +13.3% in the year to Q2 2026. In real terms, after consumer price inflation, the change was +8.4%.
- How much have house prices risen in North Macedonia over five years?
- The nominal house price index for North Macedonia is +99.2% compared with five years earlier, and +122.5% compared with ten years earlier.
- Where does this North Macedonia housing data come from?
- Figures come from BIS Selected Residential Property Prices, Eurostat housing statistics. Every index is rebased so 2015 = 100, which makes countries and sources directly comparable.
Sources and licensing
- Sources: National sources, BIS Residential Property Price database, https://www.bis.org/statistics/pp.htm Source page
- Source: Eurostat (prc_hpi_q, prc_hicp_midx, ilc_lvho07a) Source page
Read how we normalise and compare these series in our methodology, or browse all countries.
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