Property Prices in Madagascar

Index Info
Price to Income Ratio: 28.20
Mortgage as Percentage of Income: 502.78%
Loan Affordability Index: 0.20
Price to Rent Ratio - City Centre: 10.95
Price to Rent Ratio - Outside of Centre: 21.69
Gross Rental Yield (City Centre): 9.13%
Gross Rental Yield (Outside of Centre): 4.61%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,425,000.00 Ar 500,000.00-2,600,000.00
Apartment (1 bedroom) Outside of Centre 334,169.60 Ar 200,000.00-1,200,000.00
Apartment (3 bedrooms) in City Centre 1,833,333.33 Ar 1,000,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,166,666.67 Ar 600,000.00-4,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 275,610.06 Ar 167,224.08-380,899.29
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) 462,500.00 Ar
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.25 7.00-24.00

These data are based on 73 entries in the past 18 months from 13 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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