New homes in Albania



General information of Albania

The Republic of Albania is a country in Southeast Europe, in the Balkans region.

Albania is a parliamentary democracy with a transition economy. Free-market reforms have opened the country to foreign investment, especially in the development of energy and transportation infrastructure.

Albania's coastline length is 476 km and extends along the Adriatic and Ionian Seas. The lowlands of the west face the Adriatic Sea. The 70% of the country that is mountainous is rugged and often inaccessible from the outside.

The coastal lowlands have typically Mediterranean weather; the highlands have a Mediterranean continental climate. In both the lowlands and the interior, the weather varies markedly from north to south.

The lowlands have mild winters, averaging about 7 °C (45 °F). Summer temperatures average 24 °C (75 °F). In the southern lowlands, temperatures average about 5 °C (9 °F) higher throughout the year.

Albania was chosen as the top country in Lonely Planet's list of ten top countries to visit for 2011.

Real estate investment in Albania

The fantastic location, comprehensive facilities and high build quality combined with excellent value for money will create a strong demand immediately and ensure an excellent rental and re-sale return for the future.

Five key reasons to invest in Albania:

1. Albania's low inflation, budget surplus and stable government is attracting investment
2. EU Pre-accession Assistance will provide a total of €11 billion over the period 2007-2013
3. New 2 way roads to Vlora and a new terminal at Tirana airport increase accessibility
4. GDP Growing at a healthy 6% per year and set to accelerate
5. Just 2/3 hours from Western Europe (direct BA flight)

Moreover, in Albania there are no restrictions for foreign property investment, including local banks offer mortgages to foreigners.

Private property is the most common case for a foreigner to buy property in Albania, so that there is no need to create a local company like in Montenegro, Romania and other countries. You need to create a company in Albania if the intention is to buy land or have a business.

In Albania there is no state tax on real estate and the sale of buildings and land is not subject to VAT.

Useful links

• Albania's official website for travel & tourism information
• News from Albania

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