Country MK Real Estate Analytics

Property market metrics including price-to-income ratio, rental yields, and price trends

Price to Income

14.8x

Ratio of property prices to annual income

Rental Yield

3.4%

Average annual rental return

Price to Rent

29.3

Ratio of property prices to annual rent

Price to Income Ratio

Ratio of median house price to median annual household income

Rental Yield

Annual rental income as percentage of property value

Price to Rent Ratio

Ratio of property price to annual rental income

Apartment Rent (City Centre)

Monthly rent for 1-bedroom apartment in city centre

Apartment Price (City Centre)

Price per square meter to buy apartment in city centre

Apartment Price (Outside Centre)

Price per square meter to buy apartment outside city centre

1BR Rent (Outside Centre)

Monthly rent for 1-bedroom apartment outside city centre

3BR Rent (City Centre)

Monthly rent for 3-bedroom apartment in city centre

3BR Rent (Outside Centre)

Monthly rent for 3-bedroom apartment outside city centre

Mortgage Interest Rate (20Y)

Average mortgage interest rate for 20-year fixed loan

Additional Insights

Expert analysis of Country MK Real Estate trends and investment implications

Market Overview

Country MK's property market shows signs of overheating, with high price-to-income and price-to-rent ratios indicating decreased affordability. Rental yields have declined, suggesting less attractiveness for income-focused investors. However, historical price growth may still present opportunities for capital appreciation. Caution is advised as the market may be nearing or at its peak.

Key Findings

Data-driven insights

•The price-to-income ratio is 14.8, having increased by 31.0% since 2011, indicating reduced affordability.
•Rental yield stands at 3.4%, a decrease of 20.9% over 13 years, which is low against potential interest rates.
•Price-to-rent ratio is 29.3, up 25.8%, suggesting buying is currently less economically rational compared to renting.
•Historical appreciation has been strong, but current metrics suggest potential market correction.

Market Trends

Historical patterns

•A significant increase in price-to-income ratio, reflecting reduced affordability over 13 years.
•Declining rental yields, which may deter income-focused property investors.
•An increase in the price-to-rent ratio, signaling a shift towards a less favorable buy-to-rent environment.

For Investors

Actionable takeaways

•Consider waiting for potential market correction before buying, as current metrics suggest overheating.
•Target properties with higher rental yields than the current average of 3.4% for better income returns.
•Monitor interest rates closely; if they rise, the current low rental yields may become even less attractive.
•If already invested, consider selling as the market may be at or near its peak, maximizing capital gains.

Market Context

Country MK's property market has shown strong historical growth but is currently exhibiting signs of a mature cycle. Investors should be cautious of potential overheating and prepare for a possible market correction.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.