Can foreigners buy property in Albania?

Yes, foreign nationals can purchase property in Albania. There are no restrictions on foreign ownership of apartments and commercial properties. For land purchases, foreigners can buy through a registered Albanian company. Our team guides you through the entire legal process.

What are the property taxes in Albania?

Albania has one of the lowest property tax rates in Europe. Annual property tax ranges from 0.05% to 0.2% of the property value, depending on location. There is a one-time transfer tax of approximately 2% when purchasing property. No capital gains tax applies after 5 years of ownership.

How long does the property buying process take?

The typical property purchase process in Albania takes 2-4 weeks from offer acceptance to completion. This includes due diligence, legal checks, contract preparation, and registration at the local cadastral office. We assist with every step to ensure a smooth transaction.

What is the average property price in Albania?

Property prices in Albania vary by location. In Tirana, apartments average €1,000-€2,500 per m². Along the Albanian Riviera (Saranda, Vlora), beachfront properties range from €1,500-€3,500 per m². Luxury villas start from €200,000 and can exceed €1 million for premium locations.

Is Albania a good investment for real estate?

Albania offers excellent real estate investment potential with property values appreciating 8-15% annually in key areas. The country's EU candidate status, growing tourism sector, and low cost of living make it attractive. Rental yields of 5-8% are achievable in popular tourist destinations.

Do you offer property management services?

Yes, Platinum Properties provides comprehensive property management services including tenant screening, rent collection, maintenance coordination, and short-term rental management. Our team handles everything so you can enjoy hassle-free ownership.