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Albania property, real estate investment and holiday destination.
A Mediterranean country with beautiful frontage on both the Adriatic and Ionian seas and its great landscape and long range mountains, Albania is a country that is attracting a lot of attention from international property investors, large corporate companies and holidaymakers.
Albania offers spectacular scenery and views, hundreds of kilometres of unspoiled and undeveloped pristine sandy coastlines, white sandy beaches, mountains, archaeological sites, ancient monuments and castles. Albania is a key holiday destination for Kosovans and Macedonians.
Albania is totally undiscovered by westerners and it is actually considered the last Emerging market in Europe to be developed. Albania offers a fascinating history that includes initial settlement by the Illyrians and eventual, Romans, Venetians, Byzantines and even Ottomans.
Another surprising factor is that Albanian people are very welcoming and friendly and offer a great hospitality.
The growing tourism industry, stable government and emerging property market are coming together to make Albania a land of interest for buyers. Albania Properties has outlined some of the best reasons why to invest in Albania.
Albania has a democratically elected government. Whilst reforms are ongoing, Albania and its government have made progress in recent years and showing signs of improvement, combating corruption, crime and bringing stability, foreign investments, joined NATO and expected EU membership in five years.
Albania is a member of NATO’s Partnership for Peace Programme and received the invitation to join a full membership within the alliance. Albania has even offered troops to support in Bosnia and Herzegovina, Afghanistan, Iraq and other regions. Albania is a member of the Council of Europe, the World Trade Organisation, the United Nations and the South East Europe Cooperation Process and other organisations.
Albania’s goals and desire to take part in the international community, cross Atlantic and the EU, shows stable political environment which is very appealing to investors who want to invest into all sectors in Albania, such as Albania property-Real Estate, energy, commercial, industrial, minerals etc. The European Union has invested over a billion Euro so fare for Albania’s improvement of infrastructure and services.
Albania is undergoing huge improvements in infrastructure and developments, which is attracting foreign industries and companies to invest in Albania. The newly opened (in 2006) Tirana international Airport is being approved to be extended again due to the increasing travel demands by visitors, tourists and investors. The largest highway which will link Durres with Kosovo is expected to complete end of 2009, full renovation and an extension of Durres Port (the largest in the country). This will be the hub connection between Italy and the Black Sea region.
Property prices in Albania are the cheapest in all of Europe. Beachfront apartments starting from just £19,500 and capital city of Tirana, apartments cost from only £19,000. The key hotspots offer high capital growth and there are potentials for good rental yields. As the country continues to develop its tourism industry and infrastructure, the prices are not forecasted to remain low for long so this is the right time to buy property in Albania.
Prices for off-plan properties are ranging between EUR 500 to 800 per square metre. One and two bedroom apartments are starting at around GBP 19,000. These prices are very low and competitive compare to other developing hotspots such as Montenegro, Croatia and Morocco. Albanian Property prices are also the cheapest in Europe.
Albania’s natural attractions and nearly 400 kilometres of coastline along the Adriatic and Ionian seas offer a rare opportunity for investment or holiday breaks. The climate of Albanian is mostly Mediterranean and in some northern and eastern regions can be cold and snow in the winter which offers a great combination. This makes the Albanian property market very attractive for buy to let investors.
Albania also offers a strong local market demand buying and renting so for those looking for short-mid term investment can profit form the re-sale and the capital growth appreciated in Albania property and real estate offers good exit strategy.
None resident and commercial finances are widely available now offered by the largest European banks such us Societe Generale, Intesa Sanpaolo, Raiffeisen etc. Building costs and labour costs are cheap in Albania. Building permission can be obtained quickly and the process is straightforward. Albania lacks of resorts, golf courses, high end hotels is a great opportunity even for developers to invest in Albania.
Furthermore, due to the current market conditions in the Eastern and Western European markets, Albania has never been in a better position to offer safe and cheap property prices and is attracting huge numbers of investors as it is currently the only stable property market. Albania is benefitting from low property prices and stable economy growth.
Currently Albania Properties is offering a selection of beachfront apartments, capital city apartments, beachfront lands fit for any purpose such as golf resorts and houses.
The further benefits of investing in Albania are: No purchase tax, No VAT, only 10% capital gains tax on property when selling, 10% corporate tax for companies.
Some of the properties on the market include apartments and property in Tirana, property in Durres, property in Saranda, property in Vlore, beachfront Albanian Real Estate, beachfront lands in Albanian coast and Tirana lands, commercial property in Tirana, golf resort property in Durres and other coastal sites in Vlore and Sarande, Albanian estate agents looking after rentals and managements and many more.
Albania Properties being Albanian Agents based in London and local offices in the main cities of Albania and the coast can give valuable information and support to all property buyers, investors and holidaymakers.
Contact Albania Properties for more information on: www.albania-properties.co.uk or www.holiday-property.net.
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