Investment Property in Skopje

Invest in Real Estate in Skopje

Investment Property in Skopje
Investment Property in Skopje

Skopje property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Skopje .

Search Map of Skopje Investment Real Estate

Skopje ( SKOP-yee, -⁠yay, US also SKOHP-; Macedonian: Скопје [ˈskɔpjɛ] (listen); Albanian: Shkup) is the capital and largest city of North Macedonia. It is the country’s political, cultural, economic, and academic centre.

The territory of Skopje has been inhabited since at least 4000 BC; remains of Neolithic settlements have been found within the old Kale Fortress that overlooks the modern city centre. Originally a Paeonian city, Scupi became the capital of Dardania in the second century BC. On the eve of the 1st century AD, the settlement was seized by the Romans and became a military camp. When the Roman Empire was divided into eastern and western halves in 395 AD, Scupi came under Byzantine rule from Constantinople. During much of the early medieval period, the town was contested between the Byzantines and the Bulgarian Empire, whose capital it was between 972 and 992.

From 1282, the town was part of the Serbian Empire, and acted as its capital city from 1346 to 1371. In 1392, Skopje was conquered by the Ottoman Turks, who called it Üsküb (اسکوب). The town stayed under Ottoman control for over 500 years, serving as the capital of the pashasanjak of Üsküp and later the Vilayet of Kosovo. In 1912, it was annexed by the Kingdom of Serbia during the Balkan Wars. During the First World War the city was seized by the Kingdom of Bulgaria, and, after the war, it became part of the newly formed Kingdom of Yugoslavia as the capital of Vardarska Banovina. In the Second World War the city was again captured by Bulgaria and in 1945 became the capital of SR Macedonia, a federated state within the Yugoslavia. The city developed rapidly, but this was interrupted in 1963 when it was hit by a disastrous earthquake.

Skopje is on the upper course of the Vardar River, and is on a major north–south Balkan route between Belgrade and Athens. It is a centre for metal-processing, chemical, timber, textile, leather, and printing industries. Industrial development of the city has been accompanied by development of the trade, logistics, and banking sectors, as well as an emphasis on the fields of transportation, culture and sport. According to the last official census from 2021, Skopje had a population of 422,540 inhabitants in its urban area and 526,502 in ten municipalities that form the city and, beside Skopje, include many other less urbanized and rural settlements some of which are 20 km (12 mi) away from the city itself or even border the neighbouring Kosovo.[failed verification]

The financial stability of Skopje has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

 

Buy to Rent in Skopje

 

Renting out your Skopje buy-to-rent investment property can grow wealth and income.

 

Whatever your goals with investment property in Skopje are – preparation is key.

 

  • Set goals based on how much rental yield will be required and the local rental yield rates in Skopje and be prepared to change your initial outlook.
  • Thoroughly research the Skopje location with a special emphasis on fringe areas outside the main Skopje metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Skopje.
  • Ensure that your target investment property in Skopje appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.

 

With our expert guidance, investing in Skopje provides the secure knowledge that your money is working harder than it would in a local Skopje bank and that future generations of your family will be left with substantial capital growth assets.

 

We are always happy to advise on buying investment property in Skopje, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Skopje property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Skopje

Flipping property in Skopje

 

Flipping property is when we advise clients to buy a Skopje property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Skopje market has a time to react to the renovation.

 

The Flipping Strategy in Skopje

 

Investment property flipping in Skopje is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Skopje real estate investments are sometimes referred to by professionals as ‘distressed’ Skopje real estate.

 

What is distressed Skopje property:

 

  • Skopje property in need of renovation
  • Skopje real estate with a change of purpose and use
  • Oversold Skopje property
  • Bank repossessions in Skopje

Put simply, long term investors in Skopje purchase the property, renovate it and make it a lot more attractive to potential buyers.

 

Calculate profit that you make from Skopje investment property flipping:

 

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Skopje property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

 

Experienced property developers in Skopje use a minimum profit value of 22% when looking at potential Skopje projects.

 

The reason for this is because there are lots that can go wrong in Skopje property flipping and working on a potential margin of 22% should still leave a good margin of error.

 

Invest through a Fund in Skopje

 

Property Secured Investments is a Private Equity fund that invests in Skopje and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Skopje

For luxury property investors hoping to add a superb property in Skopje to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

 

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Skopje, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Skopje should be entrusted to only the highest-quality agency.

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