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North Macedonia's real estate market has been growing in recent years, driven by a combination of economic growth, political stability, and increasing foreign investment. The market offers a range of properties, including residential, commercial, and industrial properties.

Skopje, the capital city of North Macedonia, is the center of the country's real estate market, with a high demand for residential properties due to the city's growing economy and urbanization. Other major cities, such as Bitola and Ohrid, also offer investment opportunities, particularly in the tourism and hospitality sectors.

Foreigners are allowed to purchase and own property in North Macedonia, with no restrictions on the amount of property that can be owned by non-residents. The process for purchasing property in North Macedonia is straightforward and generally involves working with a local real estate agent or legal expert to navigate the process.

The real estate industry in North Macedonia is regulated by the Ministry of Transport and Communications, which oversees the issuance of construction permits, ensures compliance with local laws and regulations, and promotes the development of sustainable and efficient buildings.

Overall, the real estate market in North Macedonia offers opportunities for investors, particularly in the residential, commercial, and tourism sectors. The market is stable and growing, with the potential for high returns due to the country's economic growth and increasing foreign investment. However, as with any investment, it's important for investors to carefully research the market and regulations before investing to ensure compliance with local laws and regulations.

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