Macedonia Investment: Economy
In Macedonia, buying Macedonia homes for investment entails consideration of the country's economic situation. Those looking at Macedonia property investment will find statistics that promise successful returns from Macedonia land and property. Macedonia's economy has shown strong and steady growth in recent years and the country enjoys low inflation. It is widely expected that Macedonia's eventual entry into the EU will reap huge rewards for the country's economy and, by extension, the Macedonia real estate market.
Macedonia is keen to attract foreign investment (and this includes foreigners making investment in Macedonia property) and to this end, has reduced personal and corporate income tax to one of the lowest levels in the world. This together with rapid growth in foreign direct investment and the creation of free economic zones has done much to increase Macedonia's investment appeal. Those buying Macedonia properties will find a highly beneficial environment for their investment.
Macedonia Investment: Tourist Potential
If you plan to buy, Macedonia also offers interesting potential in its tourist industry and Macedonia buy-to-let is particularly promising. Although Macedonia visitor numbers are currently low, the 6.8% increase during the first 9 months of 2007 is an indication of Macedonia's bright future in tourism. Most tourists currently arrive at Skopje airport, under expansion and upgrading to allow higher passenger arrivals, with far fewer using Ohrid airport. Ohrid, situated in the south west, is Macedonia's most beautiful tourist spot and one of the country's top areas for investment in Macedonia property.
Macedonia Investment: Property Market Future
Macedonia, compared to most other European countries, has a very new real estate market, but this is a distinct advantage for the investor in property in Macedonia. Macedonia properties are currently registering around 9% annual growth and as the demand for properties in Macedonia increases, this figure is expected to rise significantly. Buy-to-let Macedonia property, e.g. apartments in Macedonia resorts, has excellent potential. Apartments in Skopje are currently yielding between 7% and 10.5% a year, with these yields increasing by 7% a year.
