Albania is poised to become a major tourist destination in the next five years prompting interest from property investors who want to buy now and benefit when prices increase, it is claimed.
Experts point out that the country is due to become a member of the European Union in 2014 and this is likely to result in property prices increases as happened in recent new membership countries such as Croatia and Montenegro.
According to Albania’s Deputy Minister of Tourism Suzana Turku, Albania was visited by 1.2 million tourists between January and June of this year while revenue from tourism increased 8.5% in the first half of 2011 compared to the same period last year.
Further data reveals that 94% of the total tourist arrivals into Albania this year were European, with 34% of tourists arriving from neighboring Kosovo, 16% from Macedonia and 10% from Montenegro.
Other European visiting nations included Greece, 8%, Italy, 6%, and Germany, 3%, whilst globally 3% of Americans, 2% of Asians and 1% were noted as others in the first half of 2011.
