Property for sale in Albania
In Albania real estate investments on the coast continue to increase.The agencies show how foreigners (mainly from the Nordic countries), attracted by the costs of economic life, are trying to buy a second home on the Albanian coast, especially in Saranda, the favorite destination for tourists. Foreigners love the Albanian coast and try to buy property for sale in Albania.
Many tourists consider Albania the best place to invest for the summer season but also for hunting properties for sale in Albania. Above all for the possibility of being able to buy a property for sale on wonderful coasts at prices that are far more competitive than the rest of Europe and that are around € 30,000 / € 40,000. Secondly, due to its geographical position: Corfù is just a stone's throw away (specifically Saranda), in the same way you can easily reach popular destinations like Croatia and Montenegro. Without forgetting the main reason, or the cost of living in Albania that, although increased compared to a few years ago, allows tourists to enjoy the holidays without spending too much.
The growth of the economy and the real estate market will continue to a certain extent until the candidacy of Albania for entry into the European Union scheduled for 2020. All this means an increase of properties for sale in Albania and also an increase of investors.In addition, many of the largest Western banks have
entered the market, making the products comparable to the standards we are used to in most developed economies. The practices are also similar to other products of European finance, with loans up to 80% of the value of the apartment.
While in all of Albania the number of building permits in the first quarter of 2017 decreased by 4.3 % on an annual basis, in Tirana there has been strong growth, with 43 permits compared to only 18 released in the same period of last year: the data of the Albanian Institute of Statistics reveal it.
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