Is it safe to buy property in Albania?
Compared to other countries in Europe, in Albania there are no legal restrictions that prevent you from owning property. The only key factor is to do enough research to make sure that the property you are buying has valid documentation.
Are houses expensive in Albania?
The price of real estate on the shores of Albania are half the price of those in Montenegro or Croatia. However, lack of infrastructure keeps demand low. Coastal Albanian real estate is the cheapest in the region, yet is in very low demand despite the beauty of the surroundings attached to it.
Can a foreigner own land in Albania?
There are no restrictions on the foreign ownership of real estate in Albania, except for agricultural land. The buying process typically involves signing several contracts – a reservation agreement, an undertaking contract, a preliminary contract and the actual sale-purchase contract.
Why foreigners love to buy property in Albania?
Foreigners love the Albanian coast and try to buy property for sale in Albania. Many tourists consider Albania the best place to invest for the summer season but also for hunting properties for sale in Albania.
How many Albanians live outside of Albania?
The population of Albania is 2.8 million but because it’s hard to find work and conditions are poor here, there are more Albanians living outside of Albania. In fact, around 10 million Albanians live abroad. After the fall of communism and the collapse of the economy, it saw the largest emigration movement in Europe since World War 2.
What are the pros and cons of visiting Albania?
1 It is a safe country. Albania is one of the least dangerous places in Europe. 2 The beaches along the Riviera are gorgeous. 3 Albania isn’t just about fantastic beaches. 4 Albania is very affordable. 5 Albanian food is delicious. 6 Raki is the answer to everything. 7 The Albanian language is unique in Europe.
Are old houses in Albania worth the cost?
Old houses in traditional architecture can be found at affordable prices when a lot of reconstruction work is required. On the other hand, they can be too expensive especially in the UNESCO World Heritage Sites of Mangalem Quarter in Berat and in the historic area of Gjirokastra.