Top 5 Reasons to Consider Investing in Property in Skopje
- Alex Trajcevski
- May 1
- 4 min read
Updated: Jun 9

Skopje, North Macedonia’s capital, is more than just a city with a rich past. It’s a growing hub with strong investment potential, especially in the property market. Whether you're an overseas buyer looking for opportunities or a local investor watching the market closely, Skopje offers a compelling mix of affordability, growth, and lifestyle value.
Here are five reasons why now might be the right time to start investing in property in Skopje.
1. A Growing and Stable Economy
Skopje’s economic landscape is set for promising long-term growth, thanks to increasing foreign investment, a supportive business environment, and rising productivity. For property investors, that means greater confidence in the market and stronger prospects for capital appreciation.
According to forecasts, North Macedonia’s GDP per capita is expected to grow by over 47% between 2024 and 2029, reaching USD 12,750.31 by the end of the decade, a record high for the country. This kind of economic trajectory signals rising local spending power, business growth, and a healthy investment climate.
North Macedonia’s position at the heart of the Balkans also gives Skopje a strategic edge. It’s well connected to major cities across Europe, making it a regional center for commerce, logistics, and trade. As business grows, so does the demand for real estate, both residential and commercial.
2. Property Prices Are Still Affordable
One of the most appealing aspects of investing in property in Skopje is its affordability compared to many Western European cities. Whether you're buying an apartment in the city center or looking at neighborhoods on the outskirts, you’ll find far better value for money here than in Western Europe.
For example, entry-level apartments in Skopje start at around €1,200 to €1,800 per square meter, depending on location. This means a modern one-bedroom apartment might cost between €60,000 and €80,000, offering a low barrier to entry for investors.
This affordability gives buyers more flexibility and opens the door to better rental yields and long-term capital appreciation, especially as demand rises. It also creates an opportunity to build a strong portfolio at a fraction of the cost of other European markets.
3. A Strong and Active Rental Market
Skopje is a growing city, with a rising population, a large student base, and increasing numbers of expats and remote workers. That means strong and consistent demand for rental properties.
In the past two decades, the population of Skopje grew by approximately 160,000 people. That’s almost 30% growth, bringing the total population to 620,000 in 2025, reflecting steady urbanization and increased interest in the capital. This upward trend supports long-term and short-term rental strategies, particularly in central areas, near universities, and neighborhoods popular with remote workers and digital nomads.
Platforms like Airbnb and Booking.com thrive in tourist-friendly neighborhoods, giving investors the option of strong short-term rental income while benefiting from high occupancy rates throughout much of the year.
4. Major Infrastructure Improvements Underway
Investing in property in Skopje is further supported by ongoing infrastructure development. The government has launched various projects to enhance the city’s connectivity and urban environment. New roads, public transport, improved utilities, and urban renewal projects are reshaping the city. These upgrades don’t just make daily life easier; they boost property values and make real estate even more attractive to buyers and renters.
One of the most notable developments is the growth corridor highway project, which connects Skopje with key logistics routes and ports across the Balkans. These corridors improve access to countries like Albania, Serbia, Bulgaria and Greece, enhancing Skopje’s role as a trade and transport hub in Southeast Europe.
As infrastructure expands, well-located properties will likely see appreciation and increasing interest from residents and investors.
5. A City with Culture and Lifestyle Appeal
Skopje is unlike anywhere else in Europe. A mix of Ottoman, Byzantine, and modern Macedonian influences gives the city a unique character, and that’s part of its charm.
Stroll through the city center and you’ll come across the Bridges of Civilization, lined with statues of historical figures who passed through this ancient crossroads. From kings and warriors to emperors, priests, and scholars, Skopje reflects thousands of years of movement, culture, and identity.
Beyond history, the city is home to a lively café culture, theatres, art galleries, and a fast-growing food scene. With the Macedonian way of life (warm, social, and rich in tradition), Skopje offers more than just a place to live. It offers a place to belong.
That lifestyle factor plays a big role in property value, especially for people moving from overseas searching for a better quality of life.
Is Skopje the Right Investment for You?
Skopje stands out for anyone looking to invest in European real estate without the high entry costs. With economic momentum, affordable prices, and a dynamic rental market, the city offers a real opportunity for both seasoned and first-time investors.
Whether you're considering buying to rent, hold, or live in, MakLiving Real Estate is here to help you make it happen.
Let’s Talk About Your Investment Goals
At MakLiving Real Estate, we specialize in helping local and international buyers confidently navigate the Skopje property market. From finding the right neighborhood to guiding you through every step, we’re here to make investing simple and stress-free.
Contact us today to explore your options and get personalized advice. Skopje is growing fast, let’s help you grow with it.