Property Prices in Madagascar

Index Info
Price to Income Ratio: 22.74
Mortgage as Percentage of Income: 410.64%
Loan Affordability Index: 0.24
Price to Rent Ratio - City Centre: 9.08
Price to Rent Ratio - Outside of Centre: 13.73
Gross Rental Yield (City Centre): 11.01%
Gross Rental Yield (Outside of Centre): 7.28%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,883,333.33 Ar 1,200,000.00-2,600,000.00
Apartment (1 bedroom) Outside of Centre 495,952.82 Ar 200,000.00-1,000,000.00
Apartment (3 bedrooms) in City Centre 4,000,000.00 Ar 2,500,000.00-8,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,802,131.91 Ar 1,000,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 374,705.81 Ar 278,706.80-464,511.33
Price per Square Feet to Buy Apartment Outside of Centre 201,288.24 Ar 185,804.53-232,255.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 681,666.67 Ar
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.50 12.00-21.00

These data are based on 55 entries in the past 18 months from 9 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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