What's the house price in Macau?

As of March, 2020, the house price in Macao is around 45,000 yuan to 48,000 yuan per square meter. In downtown Macao, the price of real estate is generally around 70,000 yuan to 80,000 yuan per square meter. Therefore, it is still difficult for ordinary families to settle down and buy a house in Macao.

Macao used to be a colony of Portugal, so its development is relatively advanced. At present, Macau is a city with a small land and a large population. With relatively developed economy, many people want to settle in Macao.

Once the population increases rapidly, housing prices will also rise, so there is a reason for the high housing prices in Macao, of course, the reason is not just the population. The land price in Macao is rising with the change of Macao's economic environment.

Extended data:

The most developed industry in Macao is gambling, but with the rapid economic development in recent years, the real estate industry in Macao has become the second largest industry after gambling.

Macao is an international free port, a world tourism and leisure center, one of the regions with the highest population density in the world, one of the four largest gambling cities in the world, and a capitalist system. Its famous light industry, tourism, hotels and casinos have made Macao prosperous and become one of the developed and wealthy regions in the world. In 20 17, Macao's GDP recorded 404.2 billion patacas.