Does Albania tick all the boxes?
Albania Property professionals, Albania Properties Ltd explains: Albania will continue to offer the best property investments for 2009 and probably for another four to five years to come.
Being an emerging property market, Albania property prices have not being effected by the global financial crisis or economic slowdowns, nevertheless, the opposite has happened to Albania’s economy.
The Albanian economy had one of the highest growths in Europe in 2008 and inflation remained low. For 2009 the EBRD has predicted a 4% economic growth for Albania which is the highest in the Balkans or probably in Europe.
Thanks to growing economy, improving infrastructure, extremely strong local market, increasing tourism, Albania is set to prosper for many years to come.
Albania’s acceptance into NATO has given international investors and property professionals the confidence to begin investing the underdeveloped property sector as well as the tourism and commercial industry.
Country improvements and facts:
- New airports planned in Vlore and Sarande
- New extension for Tirana (Mother Teresa) Airport
- Major infrastructure improvements, motorways and roads nearly completion
- Large corporation companies investing in oil, energy and natural resources
- Albania has signed a €1 billion ($1.3 billion) project with Italy's Marseglia Group to build an energy park
- British-Swiss Zumax AG group to build and operate a container terminal at the port of Vlora, investment worth 1.18 billion-euro ($1.55-billion) terminal with an annual capacity of 3 million containers
- Ideal holiday destination with 100s of miles of sandy beaches, fascinating and rich history, archaeological sites and direct flights from most of EU countries.
Albania does offer one of the best tax regimes in Europe with only 10% corporation tax and only 10% capital gains tax. There is no tax when buying a property in Albania.
Albania also offers a strong local market demand buying and renting so for those looking for short-mid term investment can profit form the re-sale and the capital growth appreciated in Albania property and real estate offers good exit strategy
Albania Properties Director Ismet Terziu is very optimistic that Albania is a perfect place to invest and mention's that wile many other property markets brought to a halt, his company have seen demand continue for Albanian property due to its low prices and continuous growth and many investors are realizing the potential Albania has to offer.
Mr Terziu also informs that they (Albania Properties) had clients who had bought apartments in Tirana with finance and have already being approved which is a big steep that finance for none residents is now (practicaly) available.
Wile many other markets strugling to attract inevstors, Albania is on the right path and has lots going for it.
Albanian government are also trying to attract foreign investment.
Being Albanian Real Estate Agents with local offices they would provide any type of investment opportunities throughout Albania, varying form apartments, lands, villas, houses, commercial, retail, industrial, hotels, rentals, furniture packages, viewing trips, property management.
To contact Albania Properties visit their website:
Media enquiries to: info@albania-properties.co.uk
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