Buying an apartment in Albania at the construction stage right now is almost a no-lose proposition. Over the past year, prices in the country have risen 25–30%, with 90% of buyers being foreigners. Meanwhile, in the new Tiktaalik Residence project in the resort area of Qerret, you can lock in a price of €1350 per square meter with interest-free installments over three years. By the time the building is handed over in summer 2028, this apartment could cost a third more.

We’ll break down what this project is about and whether it’s worth investing in.

Contents:

  1. Brief Overview of the Market Situation
  2. What the Project Is and Where It’s Located
    1. A Concrete Example: A One-Bedroom for €82,000
  3. Calculating the Benefit
  4. For Whom This Project Is Suitable

Brief Overview of the Market Situation

The Albanian real estate market is experiencing a boom that experts compare to Croatia 15 years ago. The country is actively integrating into the EU, tourist flows have exceeded 10 million visitors per year, and new construction legislation guarantees investment security even at the foundation stage.

The situation in Durrës and its surroundings is particularly impressive — price growth here is 25–30% annually. The drivers are straightforward: proximity to Tirana (just half an hour by car), major port reconstruction, and the creation of Durrës Yachts & Marina with involvement from Arab funds.

«By 2026, your apartment will be worth 20–30% more,» says Maria Yarets, an expert at Century 21 Eon Durrës Albania.

In these conditions, Rezidenca Tiktaalik stands out as especially appealing — both for its location and purchase terms.

What the Project Is and Where It’s Located

Tiktaalik Residence is a 13-story complex in the Qerret (Çerret) district, right next to Golem. Construction starts in September this year, with handover planned for summer 2028.

The area is actively developing, with plans to expand the resort zone, and its proximity to the new yacht marina in Durrës makes the location even more attractive for tourists and investors.

The project stands out with its architecture — balconies with greenery, modern design, and panoramic sea views from the upper floors. According to the developer, this isn’t mass housing but a «carefully designed project for those who value comfort, reliability, and prestige.»

A Concrete Example: A One-Bedroom for €82,000
1 bedroom apartment
Golem, Albania
$87,682
1 Rooms 1 Bedrooms 1 bath 51 m² Number of floors 13

Let’s take a specific apartment from the project — a one-bedroom unit of 51 sq.m for $87,682 (about €82,000). The price per square meter works out to €1,608.

By Albanian standards, this is mid-segment between mass housing (€1,000—1,200 per square meter) and premium (€2,500+ per square meter). But the real highlight isn’t the price — it’s the purchase terms.

The payment scheme looks like this:

  • 30% — initial deposit (€24,600).
  • 20% — second payment (€16,400).
  • 20% — third payment (€16,400).
  • 20% — fourth payment (€16,400).
  • 10% — upon key handover (€8,200).

In total: three years of interest-free installments. Given that prices in the region are rising 25–30% annually, the buyer locks in the cost for three years ahead.

13-storey complex in the Cheret area, next to Golem
комплекс Rezidenca Tiktaalik в Албании
modern design of the Rezidenca Tiktaalik complex in Albania,
panoramic sea views from the upper floors of the Rezidenca Tiktaalik complex in Ceret, Albania
balconies with plants in Rezidenca Tiktaalik complex in Albania

Calculating the Benefit

If prices continue to grow at the current pace, by 2028, this apartment could cost €100—110,000. That’s a potential profit of €18—28,000 just from market appreciation.

Plus, rental yields. According to experts, in Durrës they average:

  • 6–8% annually from long-term rentals.
  • 7–9% annually from short-term rentals.

For an €82,000 apartment, that means €4,900—7,400 in annual income. With Albania’s 10-million tourist flow, demand for seaside rentals will only increase.

Key safeguards:

  • The apartment is registered in the cadastre during construction.
  • No purchase taxes for foreigners.
  • Eligibility for residency (a 51 sq.m apartment exceeds the minimum requirement of 30 sq.m per person).

For Whom This Project Is Suitable

Tiktaalik Residence suits several buyer categories.

  • Beginner investors — as a low-risk entry into the Albanian market with favorable installment terms.
  • Residency seekers — the apartment qualifies for a residence permit in an EU candidate country.
  • Beach vacation lovers — your own seaside home that you can rent out when not in use.
  • Those seeking alternatives to bank deposits — with 25% annual price growth and 6–9% rental yields, it’s clearly more appealing than savings accounts.

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