Property for rent in Albania
The market of properties for rent in Albania is a little peculiar because the trend is that of buyers who buy for investing and use their properties. Thanks to this trend the price of properties for rent in Albania increased by 10-15% in the last year.
Tirana is a big city and the forecast of a housing collapse has not come true because it is a university city, the capital of institutions, the centre of various activities as well as the Albanian diaspora. Many citizens of Kosovo, Macedonia, Montenegro arrive in Albania and look for a property and generally the first request is for properties for rent in Albania.
In Tirana there is a balance between supply and demand for properties for rent in Albania. Many properties for rent in the capital are located in the skyscrapers and the rental price of these properties for rent in Albania is definitely higher than the standard of the country.
The largest customers in the rental market in Albania are students and retirees, especially from Italy who choose the country for its low cost of living. One reason that led to the growth of the rental market is the introduction of the legal obligation of the declaration of residence which entered into force during the summer period.
The properties for rent in Albania with the highest prices are the business premises, the high cost of these properties for rent in Albania is due to the fact that the commercial premises are rented with regular contracts as a result the taxes increase the price of the rent .
The cities with the highest costs of properties for rent in Albaniaare Tirana, followed by Durazzo and Saranda.