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Real Estate in Prilep, Macedonia | Expat Exchange
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Prilep, Macedonia

Real Estate in Prilep, Macedonia

By Betsy Burlingame

Last updated on May 10, 2024

Summary: The average cost of a nice 2 bedroom home in Prilep, Macedonia is around $50,000 USD, while a nice 3 bedroom home is around $60,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and modern appliances. Foreigners are allowed to purchase property in Prilep, however they must obtain a permit from the Ministry of Interior. The best way for an expat to search for a home to buy in Prilep is to contact a local real estate agent who can provide information on available properties and help with the paperwork. The most desirable neighborhoods in Prilep are those located close to the city center, such as the neighborhoods of Centar, Gorno Nerezi, and Gorno Lisi?e. These areas offer easy access to amenities such as shops, restaurants, and public transportation.

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How do I find a place to live in Prilep?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One option for finding a place to live in Prilep is to search online for rental listings. Websites such as Airbnb, Booking.com, and HomeAway offer a variety of rental options in the area. Additionally, local real estate agents may be able to provide assistance in finding a suitable place to live. It is also possible to find a place to live by asking around in the local community, as many people may be willing to rent out their homes or apartments," said one person in Prilep.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Prilep?

"Expat homes and apartments in Prilep tend to be modern and comfortable, with many featuring balconies and terraces that offer stunning views of the surrounding mountains. The apartments are typically spacious and well-equipped, with amenities such as air conditioning, washing machines, and internet access. Many expats also enjoy the convenience of having a private parking space. The city center is within easy reach, and the area is known for its friendly locals and vibrant culture," said one expat in Prilep.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

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What is the average cost of housing in Prilep?

If you are thinking about moving to Prilep, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Prilep is generally quite affordable. Prices vary depending on the size and location of the property, but the average cost of a one-bedroom apartment in the city center is typically around €200-300 per month. Outside of the city center, prices can be even lower," said one person in Prilep.

Should I buy or rent a home in Prilep?

If you have not spent a lot of time in Prilep, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Prilep can be a great investment. It can provide you with a place to call your own and the potential for long-term appreciation. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance. Renting a home in Prilep can be a more cost-effective option, as it eliminates the need to pay for closing costs and other upfront costs. Additionally, renting can provide more flexibility, as you can move more easily if your circumstances change. Ultimately, the decision to buy or rent a home in Prilep should be based on your individual needs and financial situation," said one expat who made the move to Prilep.

What do I need to know when buying property in Prilep?

When we asked expats what advice they would give a foreigner before buying a property in Prilep, they said:

"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Prilep, including any taxes or fees that may be applicable. 3. It is important to understand the local infrastructure and amenities available in the area, such as public transportation, schools, and hospitals. 4. It is important to understand the local culture and customs, as well as the language spoken in the area. 5. It is important to understand the local economy and job market, as well as any potential risks associated with investing in the area. 6. It is important to understand the local real estate market and the types of properties available in the area. 7. It is important to understand the local laws and regulations regarding property ownership and rental agreements. 8. It is important to understand the local banking system and any potential financing options available. 9. It is important to understand the local housing market and the types of properties available in the area. 10. It is important to understand the local rental market and the types of rental agreements available in the area," explained one expat in Prilep.

Are foreigners allowed to own property in Prilep?

When we asked expats what advice they would give a foreigner before buying a property in Prilep, they said...

"Yes, foreigners are allowed to own property in Prilep. However, there are certain restrictions and requirements that need to be met. Foreign individuals can purchase property in Macedonia if there is a reciprocity agreement between their home country and Macedonia, which means that Macedonian citizens are also allowed to buy property in the foreigner's home country. Additionally, foreigners may need to establish a local company in Macedonia to purchase the property, as this can help bypass some restrictions. It is essential to consult with a local lawyer or real estate agent to ensure compliance with all legal requirements and procedures when purchasing property in Prilep, Macedonia," said one in Prilep.

What appliances are typically included in a rental?

We asked foreigners in Prilep what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Prilep typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a dishwasher, microwave, and air conditioning unit. Depending on the property, additional amenities such as a clothes dryer, water heater, and garbage disposal may also be included," remarked one foreigner who made the move to Prilep.

Additional Information about Searching for a Home in Prilep:

We asked foreigners in Prilep what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats looking for homes in Prilep, often start their search by browsing online real estate websites and local classifieds to find available properties. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have experience living in the area. Additionally, expats can reach out to local real estate agents who are familiar with the housing market and can help them find a suitable home. Visiting the city and exploring different neighborhoods can also be helpful in finding the perfect home, as it allows expats to get a feel for the area and its amenities. Networking with locals and other expats can also lead to potential housing opportunities, as word-of-mouth can be a valuable resource in finding a home in Prilep," said one foreigner living in Prilep, Macedonia.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Prilep, Macedonia

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