Frequently asked questions about Albania real estate
What is the average cost of a sq. meter of real estate in Albania?
For a square meter of Albanian real estate, developers ask from 1000 to 1500 euros. In the secondary housing market prices per sq. meter range from 500 to 1200 euros.
The exact prices for real estate in Albania also depend on the location in which the property is located. The most expensive houses and apartments are located in the capital - Tirana.
What are the requirements for foreigners planning to buy property in Albania?
Foreign persons can purchase any residential property in the country. Documents required include a passport and a certificate of legal origin of funds.
There is no purchase tax. Foreigners only need to pay the state fee for registering housing (about 100 euros) and notary services (no more than 0.35% of the transaction amount). If you buy real estate in Albania on the primary market, you will need to pay a municipal fee (no more than 10 euros per square meter).
In which Albanian cities is real estate purchased most often?
There is high demand for housing in the capital, Tirana. People often move here for work and study. Buyers are also showing increased interest in resort cities - Vlore, Durres, Saranda.