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North Macedonia 💰 MKD Last updated2026-05-28 Хипотека Calculator
North Macedonia
A mortgage of 5,500,000 MKD at 5.5% over 25 years works out to a monthly payment of about 33.775 ден., with total interest of 4.632.444 ден. over the full term.
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Local context Хипотекаs in North Macedonia
Market overview
North Macedonia's mortgage market is led by Komercijalna Banka, Stopanska Banka (NBG group), and NLB Banka, supervised by the National Bank of the Republic of North Macedonia (NBRM). The denar operates under a de facto managed float pegged tightly to the euro near 61.5 MKD/EUR, which the NBRM defends through FX intervention. EU candidate status since 2005 and accession negotiations opened in 2022 have anchored expectations, while the "Купи куќа, купи стан" (Buy a House, Buy a Flat) state subsidy program has driven mortgage demand among first-time buyers under 35.
Why 5.5% is the typical rate
A rate near 5.5% reflects the NBRM key rate around 6%, the euro-managed float removing currency risk, and intense competition between Komercijalna and Stopanska for first-home buyers.
Tax & regulatory notes
Property transfer is taxed at 2-4% depending on municipality, plus notary fees of 0.5-1%, with mortgages registered at the Agency for Real Estate Cadastre. The NBRM enforces debt-service-to-income limits of 50% and LTV up to 80% under Decision on credit risk management. The Law on Consumer Protection in Consumer Credit Agreements (Official Gazette 51/11) mandates APR (СВТ) disclosure and a 14-day withdrawal period.
A mortgage of 5,500,000 MKD at 5.5% over 25 years
5.500.000 ден. 5.5% 25 years (300 months) 33.775 ден. 4.632.444 ден. 10.132.444 ден. 
