Property Prices in Madagascar

Index Info
Price to Income Ratio: 22.41
Mortgage as Percentage of Income: 399.59%
Loan Affordability Index: 0.25
Price to Rent Ratio - City Centre: 8.87
Price to Rent Ratio - Outside of Centre: 14.85
Gross Rental Yield (City Centre): 11.27%
Gross Rental Yield (Outside of Centre): 6.73%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,800,000.00 Ar 600,000.00-2,900,000.00
Apartment (1 bedroom) Outside of Centre 527,439.18 Ar 200,000.00-1,500,000.00
Apartment (3 bedrooms) in City Centre 3,375,000.00 Ar 1,000,000.00-10,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,617,641.28 Ar 700,000.00-4,500,000.00
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) 647,000.00 Ar
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.25 7.00-24.00

These data are based on 74 entries in the past 18 months from 15 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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