FLASH
Shkruar nga Pamfleti
From across the ocean, to Scandinavian countries, to neighboring Italy. 25% of properties sold in the last 5 years were purchased by foreign nationals.
"In Albania, the majority of buyers are Albanians, but foreigners also occupy a very important place. Foreigners buy because for them it is still a very competitive market. Poles, Ukrainians, Belgians, Nordic countries buy ," says Ervin Demirxhiu, a real estate market expert.
Bank of Albania figures show that within a decade, foreigners have purchased 1.6 billion euros of property.
Market experts claim that Tirana is preferred for investment, while the coast is preferred for living.
"There are two categories of buyers. They buy to invest mainly in the center of Tirana, but the elderly buy to live on their own and prefer the coast," said Demirxhiu.
The purchase of apartments by foreigners is also one of the main factors that is driving up property prices in the country, as they buy without negotiating.
"Prices continue with the same trends they have had. If you had asked us years ago at this time, we would have thought that 2025 would see a contraction in prices, but we are on the same upward trend," the expert said.
Although Tirana is 'unaffordable' with prices ranging from 1,000 euros/m² in the suburbs to 5,000 euros/m² in the center, the price hike is not expected to stop here.
The new reference values for all of Albania will be followed by another wave of stratospheric prices.
"I think they will affect the further increase in prices, as any tax added to the seller will be a burden for the buyer and will be reflected in the price ," Demirxhiu also said.
The price per square meter that will be used as a reference, in Kavaja will increase by an average of 52%, in Durrës by 61%, Saranda by 86%, Vlora by 88% and in Himara the average increase will be 111%.
These prices further diminish the possibility of purchasing a home, through savings or a bank loan./ Report Tv
Lini një Përgjigje