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Yes, the analysis of Tirana's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Blloku? It’s a vibrant area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other neighborhoods like Tirana East Gate or the New Boulevard where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Albania Property Pack.
Will property prices increase in Tirana in 2025?
Yes, property prices in Tirana are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Tirana remains an attractive city for both domestic and international investors.
While there are some economic challenges like inflation and rising interest rates, the main drivers behind Tirana’s price growth remain strong.
Demand, especially in the central areas, continues to outpace supply, making any significant price drops unlikely. Additionally, Tirana's growing status as a cultural and economic hub in the Balkans continues to attract buyers.
Signals pointing to a property price increase in Tirana
Here are some factors suggesting prices could increase:
The ongoing urbanization and population growth in Tirana are expected to continue, increasing demand for housing and pushing up property prices.
Tirana's infrastructure development projects, including new roads and public transport improvements, are likely to enhance the city's appeal and drive up property values.
The government's focus on attracting foreign investment and tourism is expected to boost the real estate market, as more investors look to capitalize on Tirana's growth potential.
A limited supply of new housing developments, particularly in desirable areas, is likely to keep competition high and drive up prices.
The trend of Albanians living abroad investing in property back home is expected to continue, adding to the demand for real estate in Tirana.
Tirana's growing reputation as a cultural and educational center in the region is attracting more students and professionals, increasing demand for rental properties and potentially driving up purchase prices.
The stabilization of interest rates in Albania is expected to make financing more accessible, encouraging more buyers to enter the market and support price growth.
Signals pointing to a property price decrease in Tirana
Here are some factors suggesting prices could fall:
Economic uncertainties, including potential inflationary pressures, could impact consumer confidence and reduce demand for property.
Rising construction costs could lead to higher prices for new developments, potentially slowing down the pace of new housing projects and affecting overall market dynamics.
If interest rates rise unexpectedly, it could make borrowing more expensive, reducing the number of potential buyers and putting downward pressure on prices.
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If property prices go up in Tirana, how much would they increase by?
If real estate prices in Tirana were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like Tirana appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as location, economic conditions, and property type.
It means that, if you spot a charming 2-bedroom apartment in Blloku for 120,000 euros today, don't be surprised if it's priced between 123,600 and 128,400 euros this time next year.
To give you a better understanding, here is a table that shows 7 types of Tirana real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (€) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Apartment in Blloku (60 sqm / 646 sqft) | €120,000 | €123,600 | €126,000 | €128,400 |
| Modern Apartment (75 sqm / 807 sqft) | €150,000 | €154,500 | €157,500 | €160,500 |
| Luxury Penthouse (100 sqm / 1,076 sqft) | €300,000 | €309,000 | €315,000 | €321,000 |
| Studio (30 sqm / 323 sqft) | €60,000 | €61,800 | €63,000 | €64,200 |
| Loft (80 sqm / 861 sqft) | €200,000 | €206,000 | €210,000 | €214,000 |
| Townhouse (150 sqm / 1,615 sqft) | €400,000 | €412,000 | €420,000 | €428,000 |
| Investment Property (50 sqm / 538 sqft) | €100,000 | €103,000 | €105,000 | €107,000 |
Everything you need to know is included in our Property Pack for Tirana
If real estate prices go up in Tirana, which areas are likely to see the biggest increases?
Today, people who want to move to Tirana are looking for a blend of historical charm and modern amenities, which Blloku offers. Hence, we could see a price increase there in 2025.
Additionally, there's been a growing interest in more youthful, vibrant neighborhoods, and Komuna e Parisit has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Tirana market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Blloku | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Tirana e Re | High | Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Tirana. |
| Komuna e Parisit | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Lapraka | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Fresku | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Ali Demi | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| 21 Dhjetori | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Don Bosko | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Kashar | Medium-High | Its proximity to Tirana, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Selitë | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Farka | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Pazari i Ri | High | Upcoming restoration of historic markets and high-profile cultural projects are driving a renewed focus on this central, historic location. |
-The best areas to buy a property in Tirana
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation?
In 2025, Tirana real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Apartments in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Tirana are seeing increased interest. Proximity to green spaces and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense cities like Tirana, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Tirana's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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