INVESTING IN ALBANIA CAN OFFER SEVERAL POTENTIAL BENEFITS AND OPPORTUNITIES
DYNAMIC ECONOMIC GROWTH - WHY TO INVEST IN ALBANIA
- EU Integration: Albania’s aspirations to join the European Union can potentially have a positive impact on the real estate sector. EU membership could attract more foreign investment, stimulate economic growth, and increase property values over the long term.
- Strategic Location: Albania is situated in a geographically advantageous location, with access to major markets in Europe and the Balkans. Its proximity to the European Union (EU) provides potential opportunities in different industries.
- Economic Growth: Albania has experienced steady economic growth in recent years, with a positive trend in GDP growth.
- Infrastructure Development: Improved infrastructure enhances connectivity and accessibility, which can positively impact the value and demand for real estate in various locations like Vlora International Airport and Llogara Tunnel, Vlora bypass, Saranda – Himara road, Fier bypass, Kukes International Airport, Tirana-Durres-Pristina railway.
- Tourism Boom: Albania has experienced a significant rise in tourism, with an increasing number of visitors exploring the country’s beautiful coastline, historical sites, and natural landscapes. This growth in tourism creates opportunities for investing in vacation rentals, hotels, or other tourist-oriented properties. Recently Albania has been considered an attractive opportunity for International 5* hotels brands.
- Affordability: Compared to many other European countries, the cost of living and real estate prices in Albania are relatively affordable. This presents an opportunity for individuals looking to invest in properties at a lower cost compared to other markets. The property taxes are among the lowest in the EU and the region with no additional fees on second or vacation homes.
- Rental Income Potential. With the increasing demand for housing and office spaces, renting out properties can generate a steady stream of income. The increasing trend in property value Based on recorded experience by real estate and the tourism sectors, Albania’s property prices are increasing. This fact and the incredible development that the area is encountering ensure a quick return on investment.
Contact our leasing team and let’s start together a prosperous journey