Gross Rental Yield

Annual gross rental income for a standard residential apartment as a percentage of purchase price. Higher raw values receive higher scores. The raw value is pre-tax and pre-cost: annual rent divided by property price, excluding vacancy, maintenance, management, taxes, insurance, financing, transaction costs, rental-income tax and resale gains.
1 Georgia9 % 9 % 100
2 Ukraine8.5 % 8.5 % 97
3 Armenia8 % 8 % 94
3 Kazakhstan8 % 8 % 94
3 Kosovo8 % 8 % 94
3 Moldova8 % 8 % 94
3 Mongolia8 % 8 % 94
3 Paraguay8 % 8 % 94
3 Uzbekistan8 % 8 % 94
10 Albania7.5 % 7.5 % 89
10 Bahrain7.5 % 7.5 % 89
10 Kyrgyzstan7.5 % 7.5 % 89
10 Nicaragua7.5 % 7.5 % 89
10 North Macedonia7.5 % 7.5 % 89
10 United Arab Emirates7.5 % 7.5 % 89
16 Azerbaijan7 % 7 % 84
16 Belize7 % 7 % 84
16 Bosnia and Herzegovina7 % 7 % 84
16 Cambodia7 % 7 % 84
16 Honduras7 % 7 % 84
16 Kenya7 % 7 % 84
16 Latvia7 % 7 % 84
16 Panama7 % 7 % 84
16 Romania7 % 7 % 84
16 Serbia7 % 7 % 84
16 Uganda7 % 7 % 84
16 Vanuatu7 % 7 % 84
28 Benin6.5 % 6.5 % 79
28 Bolivia6.5 % 6.5 % 79
28 Bulgaria6.5 % 6.5 % 79
28 Cape Verde6.5 % 6.5 % 79
28 Colombia6.5 % 6.5 % 79
28 Ecuador6.5 % 6.5 % 79
28 Ghana6.5 % 6.5 % 79
28 Guatemala6.5 % 6.5 % 79
28 Hungary6.5 % 6.5 % 79
28 Lithuania6.5 % 6.5 % 79
28 Mexico6.5 % 6.5 % 79
28 Montenegro6.5 % 6.5 % 79
28 Nigeria6.5 % 6.5 % 79
28 Peru6.5 % 6.5 % 79
28 Philippines6.5 % 6.5 % 79
28 Russia6.5 % 6.5 % 79
28 Rwanda6.5 % 6.5 % 79
28 Suriname6.5 % 6.5 % 79
28 Tajikistan6.5 % 6.5 % 79
28 Tanzania6.5 % 6.5 % 79
28 Trinidad and Tobago6.5 % 6.5 % 79
28 Zambia6.5 % 6.5 % 79
50 Angola6 % 6 % 74
50 Belarus6 % 6 % 74
50 Botswana6 % 6 % 74
50 Burkina Faso6 % 6 % 74
50 Cameroon6 % 6 % 74
50 Costa Rica6 % 6 % 74
50 Dominican Republic6 % 6 % 74
50 Egypt6 % 6 % 74
50 El Salvador6 % 6 % 74
50 Fiji6 % 6 % 74
50 Gambia6 % 6 % 74
50 Guyana6 % 6 % 74
50 Ivory Coast6 % 6 % 74
50 Jamaica6 % 6 % 74
50 Jordan6 % 6 % 74
50 Laos6 % 6 % 74
50 Mozambique6 % 6 % 74
50 Namibia6 % 6 % 74
50 Oman6 % 6 % 74
50 Puerto Rico6 % 6 % 74
50 Senegal6 % 6 % 74
50 South Africa6 % 6 % 74
50 Turkey6 % 6 % 74
50 Zanzibar6 % 6 % 74
74 Algeria5.5 % 5.5 % 68
74 Antigua and Barbuda5.5 % 5.5 % 68
74 Bahamas5.5 % 5.5 % 68
74 Brazil5.5 % 5.5 % 68
74 Burundi5.5 % 5.5 % 68
74 Croatia5.5 % 5.5 % 68
74 Curacao5.5 % 5.5 % 68
74 Djibouti5.5 % 5.5 % 68
74 Dominica5.5 % 5.5 % 68
74 Estonia5.5 % 5.5 % 68
74 Gabon5.5 % 5.5 % 68
74 Greece5.5 % 5.5 % 68
74 Grenada5.5 % 5.5 % 68
74 Indonesia5.5 % 5.5 % 68
74 Madagascar5.5 % 5.5 % 68
74 Malawi5.5 % 5.5 % 68
74 Maldives5.5 % 5.5 % 68
74 Mali5.5 % 5.5 % 68
74 Morocco5.5 % 5.5 % 68
74 Myanmar5.5 % 5.5 % 68
74 Papua New Guinea5.5 % 5.5 % 68
74 Poland5.5 % 5.5 % 68
74 Qatar5.5 % 5.5 % 68
74 Saint Kitts and Nevis5.5 % 5.5 % 68
74 Saint Lucia5.5 % 5.5 % 68
74 Saint Vincent and the Grenadines5.5 % 5.5 % 68
74 São Tomé and Príncipe5.5 % 5.5 % 68
74 Seychelles5.5 % 5.5 % 68
74 Sierra Leone5.5 % 5.5 % 68
74 Sint Maarten5.5 % 5.5 % 68
74 Sri Lanka5.5 % 5.5 % 68
74 Thailand5.5 % 5.5 % 68
74 Togo5.5 % 5.5 % 68
74 Tunisia5.5 % 5.5 % 68
74 U.S. Virgin Islands5.5 % 5.5 % 68
74 Uruguay5.5 % 5.5 % 68
74 Vietnam5.5 % 5.5 % 68
111 Anguilla5 % 5 % 62
111 Argentina5 % 5 % 62
111 Aruba5 % 5 % 62
111 Bangladesh5 % 5 % 62
111 Barbados5 % 5 % 62
111 British Virgin Islands5 % 5 % 62
111 Chile5 % 5 % 62
111 Comoros5 % 5 % 62
111 Congo5 % 5 % 62
111 Congo DR5 % 5 % 62
111 Cook Islands5 % 5 % 62
111 Cyprus5 % 5 % 62
111 Equatorial Guinea5 % 5 % 62
111 Ethiopia5 % 5 % 62
111 French Guiana5 % 5 % 62
111 Guam5 % 5 % 62
111 Guinea5 % 5 % 62
111 Guinea-Bissau5 % 5 % 62
111 Lebanon5 % 5 % 62
111 Lesotho5 % 5 % 62
111 Liberia5 % 5 % 62
111 Malaysia5 % 5 % 62
111 Mauritania5 % 5 % 62
111 Mauritius5 % 5 % 62
111 Montserrat5 % 5 % 62
111 Niger5 % 5 % 62
111 Saint-Martin5 % 5 % 62
111 Samoa5 % 5 % 62
111 Spain5 % 5 % 62
111 Swaziland5 % 5 % 62
111 Turks and Caicos Islands5 % 5 % 62
111 United States5 % 5 % 62
111 Zimbabwe5 % 5 % 62
144 American Samoa4.5 % 4.5 % 55
144 Brunei4.5 % 4.5 % 55
144 Cayman Islands4.5 % 4.5 % 55
144 Guadeloupe4.5 % 4.5 % 55
144 Haiti4.5 % 4.5 % 55
144 Iraq4.5 % 4.5 % 55
144 Italy4.5 % 4.5 % 55
144 Malta4.5 % 4.5 % 55
144 Martinique4.5 % 4.5 % 55
144 Mayotte4.5 % 4.5 % 55
144 Nepal4.5 % 4.5 % 55
144 New Caledonia4.5 % 4.5 % 55
144 Niue4.5 % 4.5 % 55
144 Northern Mariana Islands4.5 % 4.5 % 55
144 Pakistan4.5 % 4.5 % 55
144 Palau4.5 % 4.5 % 55
144 Portugal4.5 % 4.5 % 55
144 Réunion4.5 % 4.5 % 55
144 Saint Pierre and Miquelon4.5 % 4.5 % 55
144 Slovakia4.5 % 4.5 % 55
144 Slovenia4.5 % 4.5 % 55
144 Solomon Islands4.5 % 4.5 % 55
144 Tahiti4.5 % 4.5 % 55
144 Tonga4.5 % 4.5 % 55
168 Bhutan4 % 4 % 48
168 Canada4 % 4 % 48
168 Central African Republic4 % 4 % 48
168 Chad4 % 4 % 48
168 Iceland4 % 4 % 48
168 Iran4 % 4 % 48
168 Ireland4 % 4 % 48
168 Kiribati4 % 4 % 48
168 Libya4 % 4 % 48
168 Marshall Islands4 % 4 % 48
168 Micronesia4 % 4 % 48
168 Saudi Arabia4 % 4 % 48
168 Sudan4 % 4 % 48
168 Timor-Leste4 % 4 % 48
168 Wallis and Futuna4 % 4 % 48
183 United Kingdom3.7 % 3.7 % 43
184 Australia3.5 % 3.5 % 40
184 Czech Republic3.5 % 3.5 % 40
184 Faroe Islands3.5 % 3.5 % 40
184 Finland3.5 % 3.5 % 40
184 France3.5 % 3.5 % 40
184 Germany3.5 % 3.5 % 40
184 Gibraltar3.5 % 3.5 % 40
184 Greenland3.5 % 3.5 % 40
184 India3.5 % 3.5 % 40
184 Japan3.5 % 3.5 % 40
184 Nauru3.5 % 3.5 % 40
184 Netherlands3.5 % 3.5 % 40
184 New Zealand3.5 % 3.5 % 40
184 San Marino3.5 % 3.5 % 40
184 Tuvalu3.5 % 3.5 % 40
199 Afghanistan3 % 3 % 32
199 Andorra3 % 3 % 32
199 Austria3 % 3 % 32
199 Belgium3 % 3 % 32
199 Bermuda3 % 3 % 32
199 Denmark3 % 3 % 32
199 Eritrea3 % 3 % 32
199 Israel3 % 3 % 32
199 Kuwait3 % 3 % 32
199 Luxembourg3 % 3 % 32
199 Macau3 % 3 % 32
199 Norway3 % 3 % 32
199 Palestine3 % 3 % 32
199 Somalia3 % 3 % 32
199 Switzerland3 % 3 % 32
199 Venezuela3 % 3 % 32
215 Chinese Taipei2.5 % 2.5 % 25
215 Hong Kong2.5 % 2.5 % 25
215 Korea Republic2.5 % 2.5 % 25
215 Singapore2.5 % 2.5 % 25
215 Sweden2.5 % 2.5 % 25
220 China2 % 2 % 18
220 Cuba2 % 2 % 18
220 Liechtenstein2 % 2 % 18
220 Monaco2 % 2 % 18
220 South Sudan2 % 2 % 18
220 Syria2 % 2 % 18
220 Turkmenistan2 % 2 % 18
220 Western Sahara2 % 2 % 18
220 Yemen2 % 2 % 18
229 Korea DPR0.5 % 0.5 % 5

Rating generated: 18 June 2026.

How the Raw Value Is Calculated

The raw value is the annual gross rental yield for residential real estate in percent. It shows how much annual rent a standardised apartment generates relative to its purchase price. The simplified formula is annual gross rent divided by purchase price times 100. Higher values receive higher scores.

Nomadino uses an ordinary 90 square metre apartment as the standard case. The rent side converts monthly market rents into an annual rent. The purchase-price side uses the same apartment size. City-centre and non-centre locations are combined so prime locations do not define the whole country value by themselves.

Direct anchors are Numbeo gross rental yields for city-centre and outside-centre locations, plus country and city yields from Global Property Guide. Where direct country values are missing or weak for small territories, Nomadino uses maintained replacements based on property prices, rents, administering states and regional comparator markets. Values are checked against OECD, IMF, BIS, Eurostat and national housing-price and rent sources.

Vacancy, maintenance, management, property tax, insurance, financing, acquisition costs, rental-income tax, rent regulation, tenant protection and later resale gains are excluded. These factors can matter for investors, but they remain outside this raw value or are covered by neighbouring indicators.

The score rises monotonically with the visible percentage. Roughly 2% to 3% is weak, 4% to 5% is normal, 6% to 7% is good and 8% to 9% is very strong. From around 9%, a country reaches the upper end of the scale. Equal raw values receive equal scores, and a higher gross rental yield never receives a worse score than a lower one.