The best places to invest
The list of the best coastal areas for buying property includes Orikum, Radhima, Spille, Qerret, Golem, Lalzit Bay, Rodoni Kape, Shengjin and Velipoja. Prices start at €300 in Durres and go up to €1,000 in Saranda.
In Albania's coast the prices are very very low so you can get a property on the beach for less than 1000 Euro per square meter.
2. Buying Process
The costs of buy and sell in Albania are quite low.
With less than 10% a lot lower in than in many other countries.
The taxation is really low when it comes to rental income & capital gains tax. Both are 15%. So quite reasonable.
4. Emerging Market
Albania is an emerging market. so you've got potentially a little bit of a first mover advantage although there has been investment in the past there hasn't been too much investment in the last few years so potentially you've got that first mover advantage with very low prices
5. Tourism is increasing
As with many other emerging markets, tourism has been booming and it's expected to boom going forward.
Even in times of travel restrictions, Albania is one of the countries with a economical growth from more than 5%.
6. Stable Currency
The albanian Leke has actually been quite a stable currency.
In fact it's actually done quite well against the euro and the us dollar over the last five years.
There are no restriction to um foreigners buying in albania um except for agricultural land so you will have equal rights - as albanians do so that's a good thing -
8. GDP Growth
What i also like the growth in albania the gdp growth over the last five years so before copied 19 2015 to 2019 each year has been over two percent that's pretty good performance and finally
9. Easy Paperwork
If you've ever tried to open a bank account in a foreign country it's often quite difficult they want a lot of documentation proof of residency - various other things but in actual albania it's actually really open easy to open a bank account you just walk in passport and you open a bank account pretty much like bulgaria 10 to 15 years ago
10. It's beautiful
Despite to the great opportunities albania give for your investment, it's also a realy beautiful country with all you could wish for for.
Sourrounded by mountains and nature you can enjoy the beaches in summer and go ski in winter.
Old traditions stayed alive and give you a taste of medival time.