99% of what you need to know before buying real estate in Albania

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THE ALBANIAN PROPERTY MARKET IN 2024

If you're thinking about buying property in the Land of Eagles, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Albania.

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PRICES, RENTS AND YIELDS IN ALBANIA IN 2024

What's the cost of a 2-bedroom apartment in Tirana? Where are the best yields in Albania? How much rental income can you expect?

This report will give you solid answers, using data sourced from our analysis of over 3,200 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

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ANALYSIS - IS NOW A GOOD TIME TO BUY?

Should you buy property in Albania now? Some newspapers say yes, while your Albanian friend says no. These are just opinions and might not be very solid.

In this document, we take the last notable trends in Albania (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

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ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Investments that end up going wrong in Albania tend to have similar features. However, by looking closely at specific factors, we can confidently judge whether an investment is likely to fail or succeed. Curious about what factors to consider? This document covers everything you need to know.

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THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Albania? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

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28 CONTACTS TO BUY A PROPERTY IN ALBANIA

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Albania. From A to Z, we've got you covered.

Inside this document, you'll have access to: Albanian real estate agents, property listing websites, Albanian real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Albania.

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WHAT YOU NEED TO CHECK BEFORE BUYING

Navigating complex property registration, overlooking 'Zona e Lirë' restrictions, and misunderstanding 'Pronësia e Drejtë'... people often fall into the same traps when buying property in Albania.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

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ALL THE DOCUMENTS AND WHAT THEY MEAN

What should be included in a 'Dokumenta e Pronësisë' (Property Ownership Document) in Albania? Are you familiar with the 'Kadastre' system? Do you know about 'Taksë e Trashëgimisë'?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

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WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

If you're seeking financing options in Albania, this guide will prove to be highly valuable.

We have gathered all the information you need to apply for a mortgage with banks in Albania. This includes details on eligible banks, step-by-step guidance for the entire process, and helpful tips to increase your chances of getting approved. We also highlight common mistakes to avoid.

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HOW TO RENT OUT QUICKLY

To swiftly rent out your property in Albania, it's beneficial to be well-informed about Albanian societal norms.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

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FOCUS ON DURRËS

If you're drawn to Albania's coastline and beautiful beaches, savoring local cuisine like tave kosi is your preference, and you're intrigued by the mix of ancient and modern, Durrës invites exploration.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.

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FOCUS ON TIRANA

If the mix of communist-era architecture and vibrant street art intrigues you, indulging in Albanian dishes like tavë kosi is a treat, and you appreciate a city's transformation, Tirana invites discovery.

Uncover the region's advantages and disadvantages, projected yields, insights into the short-term rental market, prime locations for competitive prices, etc.