Albania Estate - Albania Property

2/1/10. 2010 is going to be a strong year yet again for telecommunications , services and property in Albania. As this article states, there are internationally marketed off plan developments available, allowing you to buy luxury property very cheaply. The fact that the properties are built to target overseas buyers and Albanians means that today’s investors will be able to sell to Albanian’s when they decide to cash-in their investment.

Albania’s government has an excellent fiscal track record over the last decade. Between 2002 and 2006 they successfully brought a quarter of the nation’s poorest out of poverty. Albania then became a middle-income country according to the World Bank’s classification. This allowed Albania to borrow money from international banks instead of relying on handouts. Courtesy of www.overseas-property-world.com

15/12 - Here is part of a recent report by Paul Henley from the BBC.
"Many in Albania - which has Europe's fastest-growing economy and aspirations to join the EU - feel the former dictatorship has come a long way fast.

Lufti Dervishi (a director of Transparency International in Albania) is old enough to compare living in Albania today with how life used to be.
Whenever he thinks the road towards European integration is not a fast enough one, he stops to remind himself how far his country has come since it threw off what was the continent's strictest communist regime only 19 years ago.
"I can remember the terrible things of the past", he says. "There were times when you could end up in prison just for learning English."
He describes how conversation with a foreigner could be harshly punished and how any mention of "sensitive information", like the fact there were no potatoes in a shop, could result in a long jail sentence.
"And there was awful poverty," he says. "I myself - we were four in the family, four children - can remember the time when my parents could only afford one egg between us for breakfast.
"But when I tell this story to my son who is 12 years old, he just laughs, he cannot understand the reality of the past."

24/11 Albania's path towards EU membership is going well. This week, European Union Officials have officially accepted Albania's formal application for membership, and the European Commission will now submit an opinion on Albania's bid.
The chances of Albania becoming an EU member are relatively good, because of the country's continued reform process, and it continued investment in infrastructure and the welfare of its people.
Between 2002 and 2006 Albania successfully brought 1 quarter of its poorest people out of poverty. This led to its classification being upped to a middle income country, which meant it could then apply for loans from international financial institutions as oppose to relying on hand-outs from the likes of the World Bank and International Monetary Fund.

It is expected that by 2016 at the very latest Albania will find itself as a fully fledged member of the European Union giving a visa free and easy access to all European visitors.

The tide gradually turns for Albania and with the support of increased tourism year on year and a relatively stable economy, hugely improved infrastructure, access and the export of energy and raw material make an investment in Albania still a long term winning formula. 

Information courtesy of www.property-abroad.com

13/11 -European Union countries have agreed to back Albania's application for eventual entry into the 27-country bloc, an EU diplomat said.

The diplomat reported that ambassadors from the EU's member states had decided to ask the executive Commission to prepare an assessment of Albania's readiness to start membership talks.

The decision is expected to be approved by the bloc's foreign ministers at a meeting in Brussels on Nov.16-18.

Albania applied for candidate status in April and if the start of membership talks is allowed, Albanian will be required to carry out political and economic reforms to meet EU standards, a process that can take years but is a positive step forward.

Albania property investment in Albania land, residential and commercial property is advised before it is deemed a likelyhood of Albania joining the EU. 

Reuters, Balkans.com Business News