Your Guide to Buying Property in Albania
Your guide to navigating the buying process and embracing the Mediterranean lifestyle!
Are you ready to unlock the secrets of Albania, the hidden gem on the stunning shores of the Adriatic and Ionian Seas? With its breathtaking landscapes, rich history and warm hospitality, this Balkan country is emerging as a sought-after destination for property investment. Whether you’re dreaming of a coastal haven with turquoise waters or a tranquil retreat amidst staggering mountains, Albania offers a diverse range of real estate options to suit every taste and lifestyle.
Albania’s allure lies in its unique blend of natural beauty, rich history and welcoming community. The country is home to ancient archaeological sites, medieval castles and charming old towns that offer a glimpse into its rich past. Whether you dream of waking up to panoramic sea views or exploring ancient ruins nestled between rugged mountains, this Mediterranean country has it all.
Albania’s coastline stretches for approximately 450 kilometers, adorned with pristine beaches and hidden coves. Imagine waking up to the gentle sound of waves, basking in the sun on sandy shores and indulging in a refreshing dip in the sparkling sea.
Not only is Albania a beautiful place to call home, but living there has many strategic perks. Situated in Southeast Europe, Albania serves as a gateway between the Balkans and the rest of Europe, meaning easy access to neighboring countries, such as Greece, Montenegro and North Macedonia, as well as popular travel destinations across the continent. Furthermore, if the residence is at least 20 square meters per person, real estate ownership also gives you the right to a residence permit! (To learn more residency in Albania, read through the government’s regulations here.)
One of the standout advantages of buying property in Albania is its affordability. Compared to many other European countries, the cost of living and property prices in Albania are relatively low. This makes it an attractive choice for those seeking a high quality of life without breaking the bank. To make the most of this opportunity, your local RE/MAX agent can guide you through the process, leveraging their knowledge of the market to help you find affordable options that align with your budget and desired lifestyle.
Navigating the buying process
Albania’s real estate market welcomes foreign citizens with open arms. The same legal rights and privileges that apply to residents are extended to foreigners, ensuring a fair and transparent buying process. The only exception is that foreigners cannot own agricultural land with more than 1,000 square meters without being a legal entity. (Get answers to your legal questions here.)
Once you’ve found your dream property, your agent will reserve it by making a preliminary contract with the seller so you can pay the deposit. You will then transfer the price of the property into the notary’s account, either within a week or over several months if you are paying in installments. The main contract is only signed once the full amount is in the notary’s account. The notary then registers the transaction with the National Cadastral Agency, and the property is yours! Enlisting the help of a reliable, local real estate agent who can guide you through the necessary steps will ensure a smooth and hassle-free experience!
Choosing the location
Whether you’re looking for a cozy apartment in the city or a spacious villa in the countryside, Albania offers a wide range of options to suit various budgets. But where should you decide to settle down?
The capital city of Tirana is the vibrant cultural and economic hub. It offers residents a slice of everything, from national parks and historical landmarks to the beach only 30 minutes west. The main international airport just outside Tirana provides great connections to neighboring countries and the rest of Europe. It also has a host of international schools, hospitals and universities.
If you would like to be surrounded by green, you could try the lakeside city of Shkodër at the gateway to the Albanian Alps. Here you’ll find endless places to hike and even spots to ski or snowboard in the winter! If you’d like to live directly by the sea, Durrës is Albania’s largest port, with a vast coastline and buzzing nightlife, especially when the tourists arrive in the summer months. Generally, along the Adriatic and Ionian coastlines are where most tourists congregate, so if you’re looking for good value for money, it’s best to go slightly off the beaten track.
Korçë is a small city with a big personality, offering a huge number of cultural festivals and a thriving expat community. But cities aren’t the only place worth living – there are plenty of smaller towns and villages with cobblestone streets and historical treasures to discover! One of the most attractive things about living in the countryside is that you can still find barely-traveled areas in beautiful natural scenery.
The best way to ensure you make the right decisions is to visit the country and make multiple viewing trips. Knowing the neighborhood is key to knowing if you’ll fit into the way of life! With their expert knowledge of the local market, your RE/MAX agent will guide you through the whole process. They’ll help you explore different areas, highlighting the pros and cons of each neighborhood, giving you insights on local amenities, transport links, schools, healthcare facilities and recreational opportunities – making sure that you have all the information you need to make the best choice for your needs. Not only that, but your agent will also provide valuable advice on current market trends, property values and potential investment opportunities, giving you the confidence to make the smart financial decision. You can rest easy knowing that your knowledgeable RE/MAX agent will be by your side, guiding you every step of the way, as you start your new adventure in Albania.
Embracing the Albanian lifestyle
Living in Albania means immersing yourself in a rich and vibrant culture. The country’s warm and hospitable locals will welcome you with open arms, making you feel like a part of the community from day one. Then all that’s left is to transition into your new life – whether you find joy in savoring the flavors of traditional Albanian cuisine, lounging in the sun on stunning beaches or diving deep into the history and cherished traditions of your newfound home. So get in touch with your local RE/MAX agent – Albania awaits!
Start your journey today!
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Please Note: While RE/MAX Europe has compiled the information on this page diligently and to the best of its knowledge, RE/MAX Europe does not assume any liability for the accuracy of the information or for any damages resulting from the use of the information.