Real Estate in Albania – Invest Today
Albania is rapidly emerging as a top destination for real estate investment in Europe, especially when compared to its peers both inside and outside the European Union. Albania offers unique opportunities for investors looking to diversify their portfolios in a dynamic and rapidly developing market.
Compared to other European destinations like Greece, Spain, or Italy, Albania provides an attractive alternative with lower costs, strategic positioning, and a rich cultural heritage. From the bustling capital of Tirana to the stunning coastal city of Vlora, the country’s real estate landscape is gaining traction among investors seeking high returns and long-term value.
T0p reasons why to invest in Albania
Albania’s geographical location offers a significant advantage, serving as a strategic bridge between Western Europe and the rest of the continent. Situated along the Adriatic Sea and close to major countries like Italy, Greece and Europe, Albania provides a gateway to diverse European markets. This strategic position not only facilitates easy access to major European cities and trade routes but also offers a unique investment opportunity for those looking to tap into the fast-growing Eastern European and Mediterranean markets. While real estate in Western European hotspots can be prohibitively expensive, property in Albania is affordable and strategically positioned to offer growth potential in a central, accessible region.
Another reason why Albanian real estate is becoming more attractive is the government’s focus on smart city initiatives and digital infrastructure. Tirana, in particular, has been modernizing its public transportation, internet connectivity, and urban planning to attract international businesses and remote workers.
With more tourists and expatriates coming to Albania, the demand for rental properties is growing. Cities like Tirana, Durres and Vlora are attracting students, professionals, and digital nomads who need long-term rentals.
With more people working remotely, Albania has become an attractive destination for digital nomads and expatriates. Cities like Tirana and coastal towns offer affordable living, reliable internet, and a high quality of life, increasing the demand for long-term rental properties.
What you need to know if you want to become a resident in Albania through real estate purchase
Firstly, the Albanian legislation on foreigners has no threshold between the minimum and maximum price to purchase an apartment. This means that the property you purchase can be of any value. As long as you are provided with the Ownership Certificate you become eligible to apply for the Real Estate residency program. The prices of the properties are determined based on various elements such as the area in which the property is located, the surface, if the building is new or old, the city, etc. Different areas in Tirana or properties in different cities have different prices.
Also, according to the current legislation, there is no restrictions regarding the purchase of the properties by foreigners. In Albania, both Albanian citizens and any foreign citizen who wants to invest in Albania can buy property. Although there is a restriction regarding land, where foreign citizens are not allowed to buy land unless they have a business registered and the property is purchased through the business as an asset.
Regarding the surface of the apartment, the current legislation does not provide any restrictions. However, in practice it is noticed that our authorities require the apartment to have an area starting from 20 m2 per person. This practical rule aims to guarantee the relevant authorities that the applicant has a suitable environment which meets the minimum living standards.
How can we help you?
We offer real-time assistance throughout the entire process of purchasing a real estate property by assisting you in finding the property you are looking for, verifying documentation, drafting a contract, finding a trusted notary and mostly providing you the necessary assistance throughout the residency process. Our team can assist you with everything needed!
In order to book an initial FREE consultation you can contact us at:
E-mail: info@visionconsultingalbania.com
Tel: +355 68 404 5566