Foreign individuals can freely buy apartments and buildings subject to the reciprocity rule and approval from the Ministry of Justice. The parties must first acquire a non-encumbrance certificate from the Real Estate Cadastre. Concurrently, the seller should secure a Title Deed and registration of real estate from the Department of Cadastre.
A lawyer then prepares a sale contract, as Macedonian Law stipulates that only lawyers can draw up sale contracts. Thereafter, sales tax will be paid to the municipality (previously done in the Public Revenue Authority). Tax rates are determined and collected by the municipality where the real property is located. The decision for the amount of property tax by the Mayor should be passed and delivered within 30 days after the submission of the application.
Pursuant to paying taxes, the agreement is verified by a notary public, who will inform the Department of Cadastre about the change of ownership. A lawyer, or the buyer himself, would then apply for registration at the Cadastral Office for a new title deed. Registration and request for a new Title deed can take as much as 30 days.
Land: Foreign citizens and companies can directly own land for construction in Macedonia, under the Law on Construction Land adopted in 2008. Under the law, the construction land is sold through a public tender procedure. Also, foreign individuals and companies can lease land for up to 99 years through a public bidding process.
To get the best information for buying property in Skopje and Macedonia contact some of the many real estate companies in Skopje. Check the links for Real Estate Companies in Skopje: