North Macedonian citizens are increasingly buying real estate not only in Greece but also in neighbouring Albania and Serbia, shifting from holiday-driven purchases to investment-led decisions.
The post-pandemic trend, which saw a spike in property acquisitions along the Greek coast—especially in Thessaloniki and the Halkidiki peninsula—has expanded. Buyers are now eyeing opportunities in Albania’s coastal towns and Serbia’s major cities, driven by rental income potential and rising property values.
“Greece remains the top choice due to proximity, lifestyle, and EU membership, but rising prices are encouraging buyers to consider Albania and Serbia,” a real estate agent in Skopje said.
Property prices in Greece have steadily increased. In Thessaloniki, apartments in central areas such as Ano Poli and Ladadika average €2,000–3,000 per square metre, while coastal properties on Halkidiki range from €1,500 to €4,000 per sq m depending on location and beach access.
In Albania, buyers are drawn to significantly lower prices. Apartments in Durrës start at €800–1,500 per sq m, while luxury units in the popular resort town of Dhërmi can reach up to €2,500. In Sarandë and Vlorë, prices range from €900 to €1,500 per sq m, offering comparatively affordable options for seaside living.
Meanwhile, Serbia is also gaining traction. According to the Republic Geodetic Authority, foreign demand—particularly from North Macedonia—has doubled over the past year. Most Macedonian buyers seek houses with expansion potential, especially in Belgrade and Novi Sad, where prices range from €2,500 to as high as €10,000 per sq m in premium zones.
Despite differences in legal and economic frameworks, regional real estate markets appear increasingly attractive for North Macedonians looking to diversify assets and profit from long-term appreciation.