The capital city of Albania, Tirana, is the cheapest capital city in Europe, and predicted to become a good investment opportunity for both rental yield and long term capital growth. The infrastructure of Albania is slowly being improved and development is rife in Tirana.
This is in anticipation of foreign businesses moving into the area, more Albanians moving to the capital in search of better jobs, and more Albanians returning from overseas to work at home. Tirana University is turning out graduates who will remain in the city, and accommodation does not meet demand.
Therefore more and more people looking to rent in the capital city. You can get a more detailed information about rental market in Albania through www.rentinalbania.com.
Investors should always speak to reputable agents with a long term presence in Albania as well as ones that understand the needs of foreign investors.
Tirana should provide capital growth and should prove a wise investment for the long term. Investors need to take the time though to source a recognized developer and good lawyer and carefully consider the type of development to invest in. At Albania-Estate we understand the requirements of the investor and can recommend independent professional and genuine lawyers to act on their behalf.
Investors should always speak to reputable agents with a long term presence in Albania as well as ones that understand the needs of foreign investors.
Tirana should provide capital growth and should prove a wise investment for the long term. Investors need to take the time though to source a recognized developer and good lawyer and carefully consider the type of development to invest in. At Albania-Estate we understand the requirements of the investor and can recommend independent professional and genuine lawyers to act on their behalf.
Gated developments on the outskirts of the capital which provide security are likely to be popular long term as Albanians who improve their income will want to move away from the center into something more elite and safe.
Tirana is the major port city of Albania with a newly improved international airport 25kms from the center. Improved roads now make access to the coast less than an hour’s journey. Tirana lake view properties could also be a good investment as long as the view is protected and there is no chance of another concrete block being thrown in front of it.
Currently there are no restrictions to foreigners investing in property, rental yields are set to improve, and capital growth predicted but determined by the investing in the right area of Tirana. It is still possible to invest in brand new apartments in the city centre for less than 30,000 Euros, and for those who take the time to research developments thoroughly Tirana appears a good long term investment.
by Katerina Nikolas
www.helium.com
