Property Prices in Madagascar

Index Info
Price to Income Ratio: 21.86
Mortgage as Percentage of Income: 389.75%
Loan Affordability Index: 0.26
Price to Rent Ratio - City Centre: 10.54
Price to Rent Ratio - Outside of Centre: 18.93
Gross Rental Yield (City Centre): 9.49%
Gross Rental Yield (Outside of Centre): 5.28%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,642,857.14 Ar 600,000.00-2,600,000.00
Apartment (1 bedroom) Outside of Centre 416,452.74 Ar 200,000.00-1,200,000.00
Apartment (3 bedrooms) in City Centre 2,562,500.00 Ar 1,000,000.00-4,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,263,108.28 Ar 700,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 329,803.05 Ar 278,706.80-380,899.29
Price per Square Feet to Buy Apartment Outside of Centre 209,030.10 Ar 185,804.53-232,255.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 663,333.33 Ar
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.25 7.00-24.00

These data are based on 69 entries in the past 18 months from 14 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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