Investing in Property in Albania
Reasons to Invest
Albania offers investors early entry opportunities in one of Europe’s cheapest locations with huge capital growth potential and no purchasing taxes. Even holiday home buyers are looking into Albania, not only for the location, yet also for its great tourism and investment opportunities.
Albania is experiencing a boom in the local economy and many young professionals are heading towards places such as the capital, Tirana, for work where the population has almost tripled in the past 10 years. Due to this recent influx, the rental market is increasing strength and activity in the city.
Albania is governed by Democratic rule, with strong changes beginning to take place for beneficial continuation of current stability with the economic growth. The Albanian government encourages foreign investors, offering no purchasing restrictions or company set-up requirements, along with no purchasing taxes. Albania has also become a member of the World Bank, as a source of development assistance. In 2008, Albania received approved membership by NATO, and the country is currently preparing for EU membership approval for 2014.
- Emerging market
- Strategic location between Europe and Asia
- Current capital appreciation of around 15% and great potential for further growth
- Very low European property prices
- Inflation levels are low and stable
- Recent rises in economic growth
- Tax free purchase, with only 10% capital gains tax
- Strong local market demand with good rental potential
- Approximately 7% current rental returns
- No restrictions for foreign investors
- Undeveloped European coastline
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