In case you are looking for a country to maximize your investments in real estate, Albania (Albania Imprese) is a must-go-to option. It has a great geographic location, a long coastline in the Adriatic Sea, and has only a short flight distance from all of the European capitals (well connected). All these and more make it an ideal option for investing in commercial real estate, especially in the suburbs and rural areas.
Today, residential properties in Albania are much much cheaper in comparison to the other locations, as well as from the upcoming years. In other words, the ideal time to invest in a commercial or real estate property in an Albanian apartment or a plain land is now. Before you got out buying a property in Albania as an outsider or Italiane,Investire in Albania, here are some things you need to know about the commercial real estate market and the land of Eagles in general.
Within 500 km of coastline from the seas and way more than 300 days of sunshine in a year, Albania is attracting foreign property buyers a lot. Currently, these statistics are considered to be the main participants that keep the housing market moving in the right place. Most of these buyers are from countries like Balkan and South-Eastern Europe regions or landlocked countries. In the meantime, Albanians are also investing highly in the housing or real estate market along with the coastal areas. The property location is one of the primary factors that determine its price. The Buyers/purchasers with a limited budget mostly look for properties in other cities, including Durresi or Shengjini, while others look for more expensive properties in Southern Albania. A good thing about the commercial real estate market in places including Saranda, Vlora, Qeparo, Borsh, Himara, Vuno, and more is that they are not as pricy as the immovable property on the other coasts. When you compare these prices with Italy, where only the rich foreign buyers can afford a property, Albania offers excellent properties at a fraction of the price in other countries in the Mediterranean region.
In case you’re interested in a seaside/waterfront apartment, you can buy one in Saranda for 750 Euros per square meter, which is really cheap as compared to other states and countries. Saranda is an ideal example of the boom in the commercial real estate sector. Meanwhile, the entire coast is drawing more and more people interested in investing in real estate or buyers, both Albanian and foreign.
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Waterfront properties.
If a property is a waterfront, it is mostly found in a popular touristy area. One of the places with the cheapest properties with waterfront is the city of Durres. It is a cooler version of Florida, as many Italian people would consider. They love a bit of warm weather, lower prices, and a friendly environment. Towards the south, Sardana is another city that attracts a high number of foreign buyers as well as tourists. This trend is surely impacted by the increasing number of visitors or travelers along with the competitive prices. These prices are often compared to other countries of the region.
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