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Fewer Rental Contracts in the Second Quarter, Monthly Value Rises to €1.2 Million

During the second quarter of this year, 2,148 rental contracts were registered in the Price and Rent Register. According to the MIA news agency, this figure was 17 percent lower than in the previous quarter.

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Although the number of contracts fell, data from the register show that the total value of monthly rents increased by 9 percent compared with the first quarter, reaching €1.2 million. Commercial premises topped the list with 935 contracts, followed by apartments with 630 and houses with 235 rentals.

Compared with the first quarter, the number of apartments rented out decreased by 14 percent. Commercial premises recorded an 8 percent decline in contracts, while their total value increased by 20 percent.

Centar Municipality in Skopje had the highest number of registered rentals, with 286 cases, followed by Aerodrom, Karposh and Bitola. In total, 2.4 million square metres of real estate were rented out during the second quarter.

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