What and where to look out for in 2009 if you're thinking of buying property as an investment or simply as a holiday retreat.
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.
Country improvements and facts:
- New airports planned
- New extension for Tirana 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 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.
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.
Mr Terziu also informs that they 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 available.
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