Foreign individuals can acquire property in Macedonia through a registered local company in the same way as domestic legal entities. Also, foreign nationals are not permitted to purchase land in Macedonia, but are permitted to freely purchase Macedonia property (i.e. apartments and other Macedonia property) subject to the reciprocity rule and the approval from the Macedonia Ministry of Justice.

Construction land (owned by the government) is alienated through a public tender procedure. Minimum bidding prices are set by the Ministry of Transport and Communications in compliance with the Construction Land Price Determination Methodology.

The State Authority for Geodetic Works maintains authoritative data regarding land ownership. The State Authority for Geodetic Works (www.katastar.gov.mk) is an independent body in charge of conducting geodetic works and registering real estate rights. It operates through regional offices located in 29 cities throughout the country and the head office in Skopje. The registration of real estate rights in the real estate cadastre is compulsory and is done ex officio or at the request of the client.

CONCESSION

The Ministry of Transport and Communications can grant concessions to land of general concern to the state following a public bidding process.

RIGHT TO LONG-TERM LEASE

The right to long-term lease of construction land may be established to the benefit of domestic and foreign private individuals and legal entities. The construction land is leased for a maximum period of 99 years.

 

The purchaser must first secure a non-encumbrance certificate for the property they wish to purchase from the Macedonia First Instance Court.
The seller on his part should secure a copy of the Properties Title Deed, as well as the registration of real property from the Macedonia Department of Cadastre.
Macedonian law stipulates that a lawyer is the only person enabled to prepare the "contract of sale" which is signed by both parties, both parties agreeing on the terms and conditions.
The contract of sale is then presented to the public Revenue Authority for payment of the sales tax on the property in question.
When the required taxes have been paid, the sale agreement is verified by a Notary Public who in turn will notify the Department of Cadastre about the change of ownership.
Your Lawyer in Macedonia will then apply for registration into the Cadastral Office for the new title deed, this can take up to 60 days to achieve.
It will take an average of 12 weeks to complete the procedure of registering a property in a new name in Macedonia.