Is buying property in Albania a good investment?

Is buying property in Albania a good investment?

If you are looking for a country where to maximize investments in immovable property, Albania is a great option. It has a good geographic location, a long coastline in the Adriatic and the Ionian sea, and it’s a short flight distance from the major European capitals.

Is it safe to buy property in Albania?

Compared to other countries in Europe, in Albania there are no legal restrictions that prevent you from owning property. But now the law is very strict, with a digitalized system, where the properties register immediately after being sold.

Is property expensive in Albania?

In terms of seafront properties, Albania is the cheapest According to British properties website rightmove, an apartment cost from 660 to 1300 euros per square metre. Further south, prices are slightly higher with the coastal city of Vlora costing between 700 and 1,300 euros.

Can Brits buy property in Albania?

Anyone can own a property in Albania. Personal ownership is the most common case for a foreigner purchasing in Albania. There are NO restrictions for foreigners to invest in Albanian property (except for agricultural lands).

How do I become a resident of Albania?

In order to apply for Albanian citizenship by naturalization, you must meet the following requirements:

1. Be at least 18 years of age;
2. Have lawfully resided in the territory of the Republic of Albania for at least 5 years;
3. Have accommodation and sufficient financial means;

How can I buy a house in Albania?

There are no restrictions on the foreign ownership of real estate in Albania, except for agricultural land. The buying process typically involves signing several contracts – a reservation agreement, an undertaking contract, a preliminary contract and the actual sale-purchase contract.

Where is the best place to live in Albania?

Top ten cities to live in Albania for 2014

• Korça. This city deserves to be ranked in the first place as the heartland of southeast of Albania.
• Permeti. This city can offer everything you need except the sea.
• Bajram Curri.
• Vlora.
• Pogradeci.
• Corovoda.
• Rresheni.
• Orikum.

What is the cost of living in Albania?

Summary: Family of four estimated monthly costs are 1,641$ (169,637Lek) without rent. A single person estimated monthly costs are 467$ (48,327Lek) without rent. Cost of living in Albania is, on average, 46.73% lower than in United States.

How many sq ft is Albania?

A total surface area of 28.748 square kilometres (11,100 sq mi), the country is located in the southeastern part of the Adriatic and the northeastern part of the Ionian Sea, both located within the Mediterranean Sea.