“Don’t wait to buy real estate, buy real estate and then wait” – this iconic quote sums up the well-known and proven motto that real estate is the best long-term investment.

This is due to the potential for value appreciation and the ability to generate income through rental.

Whether you decide to invest in residential or commercial property, real estate offers opportunities for financial growth and stability.

That real estate is the safest investment even in North Macedonia is supported by analyses from companies with expertise focused specifically on this sector.

“Investing in commercial real estate is still one of the most secure options in the country. Of course, when making investment decisions, it’s always important to approach the process professionally—starting with a business plan, calculating the return on investment, and having a good understanding of supply and demand for the specific property type. In the absence of a well-developed financial market, investing surplus funds in real estate remains the most profitable option due to several factors: faster return on investment and the traditional perception that real estate is still the safest investment.” – says Olga Dervenџi, Business Development Manager at Fortonmka.

Recent data shows that over the past three years, the average price per square meter of residential space in Skopje has increased by 20%. Apartment prices vary depending on location and construction quality. The most sought-after are apartments in the city center, where rental prices are also the highest.

“The market is still maturing in order to achieve a clear segmentation between luxury residences and affordable housing. Apartments in the city center, built to the highest standards and with appropriate infrastructure and surroundings, should cost at least twice as much per square meter as those in the city’s periphery.” – says Olga Dervenџi, Business Development Manager at Fortonmka.

When comparing options, it’s clear that term deposits in banks with current interest rates cannot increase their value over time like capital invested in real estate can.

As for the question that concerns all potential investors — what will happen to real estate prices in the near future — experts say they don’t expect significant changes, as supply and demand are currently balanced, meaning prices are expected to remain stable.

According to Olga Dervenџi, the real estate market in the country still has a long way to go. She points out that although at first glance it seems like a lot of construction is happening, in comparison to neighboring countries, the development of various types of commercial real estate is at a low level — and we are yet to witness many successful new projects emerging.

As part of the development of the Macedonian real estate market, the first Real Estate Conference in North Macedonia was held in Skopje on May 10, with “Grand Skopje” as the golden sponsor.

Visitors of the conference had the opportunity to get detailed information about the “Grand Skopje” residential and commercial complex, strategically located in the heart of the city, with the potential to transform the urban image of the city center and become a new landmark of Skopje.

The conference brought together local and international professionals in one place to exchange experiences and discuss the latest trends, perspectives, and challenges in the commercial real estate industry — opening up opportunities for collaboration and investment.