← Real Estate Property

Gross Rental Yield

Annual gross rental income (typical 90m² city-center apartment) as a percentage of purchase price. This is the pre-tax, pre-cost return on a buy-to-let investment. High yields indicate either undervalued property relative to rental demand, strong short-term rental markets (e.g. tourism-driven), or high tenant demand relative to housing supply. Yields above 7% are exceptional: Georgia (9%), Tbilisi has become the poster child for high-yield real estate driven by digital nomad and Russian expat demand. Kosovo (8%), Armenia (8%), Ukraine (8.5% — high risk context), Paraguay (8%), Nicaragua (7.5%), and Kazakhstan (8%) also offer strong yields. Mature, expensive markets offer poor yields: Monaco (2%), Singapore (2.5%), Hong Kong (2.5%), Norway (3%), Sweden (2.5%). Japan yields are low (3.5%) despite affordable prices due to very high depreciation assumptions in the Japanese market.

#↑ Country↕ Raw Value↕ Score↕
1 Georgia9 9 75
2 Ukraine8.5 8.5 70
3 Kosovo8 8 66
3 Paraguay8 8 66
3 Kazakhstan8 8 66
3 Uzbekistan8 8 66
3 Moldova8 8 66
3 Mongolia8 8 66
3 Armenia8 8 66
10 Bahrain7.5 7.5 62
10 United Arab Emirates7.5 7.5 62
10 North Macedonia7.5 7.5 62
10 Albania7.5 7.5 62
10 Kyrgyzstan7.5 7.5 62
10 Nicaragua7.5 7.5 62
16 Latvia7 7 58
16 Cambodia7 7 58
16 Uganda7 7 58
16 Kenya7 7 58
16 Belize7 7 58
16 Panama7 7 58
16 Honduras7 7 58
16 Romania7 7 58
16 Serbia7 7 58
16 Bosnia and Herzegovina7 7 58
16 Azerbaijan7 7 58
16 Vanuatu7 7 58
28 Lithuania6.5 6.5 54
28 Ghana6.5 6.5 54
28 Nigeria6.5 6.5 54
28 Benin6.5 6.5 54
28 Suriname6.5 6.5 54
28 Russia6.5 6.5 54
28 Zambia6.5 6.5 54
28 Tanzania6.5 6.5 54
28 Hungary6.5 6.5 54
28 Rwanda6.5 6.5 54
28 Cape Verde6.5 6.5 54
28 Bulgaria6.5 6.5 54
28 Trinidad and Tobago6.5 6.5 54
28 Mexico6.5 6.5 54
28 Bolivia6.5 6.5 54
28 Montenegro6.5 6.5 54
28 Colombia6.5 6.5 54
28 Peru6.5 6.5 54
28 Tajikistan6.5 6.5 54
28 Guatemala6.5 6.5 54
28 Ecuador6.5 6.5 54
28 Philippines6.5 6.5 54
50 Belarus6 6 50
50 Gambia6 6 50
50 Burkina Faso6 6 50
50 Senegal6 6 50
50 Ivory Coast6 6 50
50 Angola6 6 50
50 Namibia6 6 50
50 Botswana6 6 50
50 Guyana6 6 50
50 Laos6 6 50
50 South Africa6 6 50
50 Cameroon6 6 50
50 Egypt6 6 50
50 Zanzibar6 6 50
50 Oman6 6 50
50 Jordan6 6 50
50 Mozambique6 6 50
50 Puerto Rico6 6 50
50 Jamaica6 6 50
50 Dominican Republic6 6 50
50 Fiji6 6 50
50 Turkey6 6 50
50 Costa Rica6 6 50
50 El Salvador6 6 50
74 Estonia5.5 5.5 46
74 Madagascar5.5 5.5 46
74 Mali5.5 5.5 46
74 Maldives5.5 5.5 46
74 Togo5.5 5.5 46
74 Uruguay5.5 5.5 46
74 Seychelles5.5 5.5 46
74 Gabon5.5 5.5 46
74 Brazil5.5 5.5 46
74 Poland5.5 5.5 46
74 Sierra Leone5.5 5.5 46
74 Qatar5.5 5.5 46
74 Curacao5.5 5.5 46
74 Thailand5.5 5.5 46
74 Sri Lanka5.5 5.5 46
74 Bahamas5.5 5.5 46
74 Tunisia5.5 5.5 46
74 Burundi5.5 5.5 46
74 Morocco5.5 5.5 46
74 Vietnam5.5 5.5 46
74 São Tomé and Príncipe5.5 5.5 46
74 Malawi5.5 5.5 46
74 Algeria5.5 5.5 46
74 U.S. Virgin Islands5.5 5.5 46
74 Sint Maarten5.5 5.5 46
74 Croatia5.5 5.5 46
74 Antigua and Barbuda5.5 5.5 46
74 Saint Vincent and the Grenadines5.5 5.5 46
74 Grenada5.5 5.5 46
74 Saint Lucia5.5 5.5 46
74 Myanmar5.5 5.5 46
74 Saint Kitts and Nevis5.5 5.5 46
74 Djibouti5.5 5.5 46
74 Dominica5.5 5.5 46
74 Papua New Guinea5.5 5.5 46
74 Indonesia5.5 5.5 46
74 Greece5.5 5.5 46
111 Northern Ireland5 5 42
111 United States5 5 42
111 Niger5 5 42
111 Mauritania5 5 42
111 French Guiana5 5 42
111 Congo5 5 42
111 Liberia5 5 42
111 Guinea-Bissau5 5 42
111 Equatorial Guinea5 5 42
111 Guinea5 5 42
111 Lesotho5 5 42
111 Swaziland5 5 42
111 Zimbabwe5 5 42
111 Congo DR5 5 42
111 Mauritius5 5 42
111 Aruba5 5 42
111 Bangladesh5 5 42
111 Malaysia5 5 42
111 Spain5 5 42
111 Turks and Caicos Islands5 5 42
111 Ethiopia5 5 42
111 Barbados5 5 42
111 Argentina5 5 42
111 Comoros5 5 42
111 Anguilla5 5 42
111 Cyprus5 5 42
111 Cook Islands5 5 42
111 Samoa5 5 42
111 British Virgin Islands5 5 42
111 Saint-Martin5 5 42
111 Lebanon5 5 42
111 Montserrat5 5 42
111 Guam5 5 42
111 Chile5 5 42
145 Wales4.5 4.5 38
145 Scotland4.5 4.5 38
145 Malta4.5 4.5 38
145 Saint Pierre and Miquelon4.5 4.5 38
145 Brunei4.5 4.5 38
145 Slovakia4.5 4.5 38
145 Iraq4.5 4.5 38
145 Cayman Islands4.5 4.5 38
145 Réunion4.5 4.5 38
145 Tahiti4.5 4.5 38
145 Slovenia4.5 4.5 38
145 Portugal4.5 4.5 38
145 Palau4.5 4.5 38
145 American Samoa4.5 4.5 38
145 Niue4.5 4.5 38
145 Pakistan4.5 4.5 38
145 Mayotte4.5 4.5 38
145 Italy4.5 4.5 38
145 Northern Mariana Islands4.5 4.5 38
145 New Caledonia4.5 4.5 38
145 Tonga4.5 4.5 38
145 Martinique4.5 4.5 38
145 Guadeloupe4.5 4.5 38
145 Haiti4.5 4.5 38
145 Solomon Islands4.5 4.5 38
145 Nepal4.5 4.5 38
171 Ireland4 4 34
171 Canada4 4 34
171 Chad4 4 34
171 Central African Republic4 4 34
171 Sudan4 4 34
171 Libya4 4 34
171 Marshall Islands4 4 34
171 Saudi Arabia4 4 34
171 Kiribati4 4 34
171 Wallis and Futuna4 4 34
171 Micronesia4 4 34
171 Iran4 4 34
171 Iceland4 4 34
171 Timor-Leste4 4 34
171 Bhutan4 4 34
186 Australia3.5 3.5 30
186 England3.5 3.5 30
186 Finland3.5 3.5 30
186 Germany3.5 3.5 30
186 Czech Republic3.5 3.5 30
186 Netherlands3.5 3.5 30
186 Faroe Islands3.5 3.5 30
186 Nauru3.5 3.5 30
186 France3.5 3.5 30
186 Tuvalu3.5 3.5 30
186 San Marino3.5 3.5 30
186 Gibraltar3.5 3.5 30
186 India3.5 3.5 30
186 New Zealand3.5 3.5 30
186 Japan3.5 3.5 30
201 Denmark3 3 26
201 Norway3 3 26
201 Belgium3 3 26
201 Luxembourg3 3 26
201 Macau3 3 26
201 Bermuda3 3 26
201 Kuwait3 3 26
201 Andorra3 3 26
201 Somalia3 3 26
201 Austria3 3 26
201 Switzerland3 3 26
201 Venezuela3 3 26
201 Eritrea3 3 26
201 Israel3 3 26
201 Palestine3 3 26
201 Afghanistan3 3 26
217 Sweden2.5 2.5 21
217 Singapore2.5 2.5 21
217 Hong Kong2.5 2.5 21
217 Korea Republic2.5 2.5 21
217 Chinese Taipei2.5 2.5 21
222 Yemen2 2 17
222 Syria2 2 17
222 Western Sahara2 2 17
222 Monaco2 2 17
222 Liechtenstein2 2 17
222 South Sudan2 2 17
222 Cuba2 2 17
222 China2 2 17
222 Turkmenistan2 2 17
231 Korea DPR0.5 0.5 5