Mortgages in North Macedonia

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Buying as a North Macedonia resident

Local banks, among them Stopanska banka, Komercijalna banka, NLB Banka, Halkbank and ProCredit, lend to residents with a regular income. As a guide, expect to borrow up to around 80% of the property value (roughly a 20% deposit), over terms up to about 30 years, with the loan in denar or indexed to the euro. You will usually need proof of income and employment, recent bank statements, identification, and the property's title documents. Exact rates and terms vary by bank and change over time; the comparison above shows current, manually maintained figures.

Buying from abroad

Overseas buyers have two main routes. A handful of UK and EU specialist brokers arrange foreign-currency mortgages secured against the Macedonian property; loan-to-value is typically 50 to 60%, rates sit above prime, and the property usually needs to be in a major city. Alternatively, releasing equity from an unencumbered property in your home country is often simpler and cheaper, and keeps the Macedonian property unencumbered. The brokers below specialise in this market.

Frequently asked

For residents

For overseas buyers