Real Estate & Property Investment News in Albania from Propertyshowrooms.com

Albania Property and Albania Economy Investment

Fri, 27 Mar 2009 00:00:00 GMT

Albania Property Albania, like all countries with EU entry on the horizon there are great prospects for property investment. But Albania has had one of the most effective fiscal systems of government of all the Balkan states; enjoying solid economic growth for the last decade, and making a series of excellent fiscal and economic reforms during that time. This meant that -- unlike some Balkan states -- for Albania, the chance of becoming a member of the EU was only a boost to its economic potential. Albania's Investment in economic and fiscal reforms successfully brought a quarter of the poorest in the population out of poverty between 2002 and 2007, which then led to the World Bank upping Albania to a middle income country in 2007. This meant Albania became eligible to apply for loans from the World Bank and other sources for infrastructure development as oppose to relying on grants...

Albania - Still an Investment Opportunity

Sun, 15 Feb 2009 00:00:00 GMT

Feb 15th - Albania is still very much a strong Investment Oppotunity for those seeking mid to long term investment return. Despite the world financial downturn, it has showed impressive economic performances, and has seen a fair amount of new development. Although Albania Property price rises are still happening on the coast and Tirana, at about 10%,the percentages were not as high as countries like Dubai, Montenegro or parts of Asia. We have always wished this to happen, as it is important to allow the property sector to show genuine and realistic price levels help keep the economy in check. A small but conistent growth also allows for more locals and foreigners to buy into the market and obtain finance through local banks. Albania has learnt from the problems caused by many other so called advanced countries and will keep finance under control. It still remains economically robust and growing internal incomes will cause rising demand for quality properties, and the property ladder will begin.

Is Albania the New Tourist Destination ?

Wed, 21 Jan 2009 00:00:00 GMT

Jan 21st - A travel writer has explained why a growing number of foreign visitors are being attracted to Albania. As we are fully aware, Albania, still remains relatively unknown as a holiday destination in Europe but Heather Cowper of www.balkantravellers.com (http://www.balkantravellers.com/) claims that recent investments in Albania's infrastructure are set to boost the country and could make it a major Mediterranean destination. She explains that the country has much to offer adventurous travellers, with its beaches and coastline particularly impressive for those who enjoy beach holidays. Albania has 450 kilometres of coastline and the resort of Durres is already a popular location for holidaymakers, while resorts on the southern Ionian coastline are less busy and offer a variety of watersports...

Albania could be next big Mediterranean destination

Tue, 20 Jan 2009 00:00:00 GMT

A travel writer has explained why a growing number of foreign visitors are being attracted to Albania.

Although the country is still a little-known destination among European holidaymakers, Heather Cowper of balkantravellers.com claims that recent investments in Albania's infrastructure are set to boost the country and could make it a major Mediterranean destination.

She explains that the country has much to offer adventurous travellers, with its beaches and coastline particularly impressive for those who enjoy beach holidays.

Albania has 450 kilometres of coastline and the resort of Durres is already a popular location for holidaymakers, while resorts on the southern Ionian coastline are less busy and offer a variety of watersports.

Other reasons to visit Albania include the country's rich culture and heritage, its beautiful landscape and the capital Tirana, which is renowned for its colourful buildings and lively nightlife.

The Albania economy recorded economic growth of 9.9% in the four quarters to September 30th 2008.

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Albania Club Med begins Construction

Sat, 17 Jan 2009 00:00:00 GMT

Jan 17th - This article below is Great News for the tourism in Albania ! There are a number of plans for big touristic projects throughout the coast but at last the first one of any genuine size is under way. This should have a snowball effect and we this expect good news to yet again increase the numbers of tourists who are coming to Albania as a new holiday destination in Europe “Construction work has begun on Albania's first Club Med seaside resort village. Four years after the government gave the go-ahead, television pictures showed building equipment and heavy machines digging near the beach on the bay of Kakome, facing Greece's holiday island of Corfu...

Fair and Democrat Elections to help join EU

Sat, 17 Jan 2009 00:00:00 GMT

Tirana Jan 18th - In an address to the nation on Friday, Albania’s Prime Minister Sali Berisha promised solemnly that he would guarantee the fairness of the upcoming general election on June 28, a crucial test of democracy and will be watched closely by the European Union. “I take an oath that the main objective [of the government] will be a fair electoral process,” said Berisha. “I guarantee this to the people of this country and call an all of you to participate.” The EU has made it clear that these polls must be above criticism if Tirana wants to make progress towards joining the 27-member bloc...

Albania to welcome new Israeli trade link

Thu, 25 Dec 2008 00:00:00 GMT

The Albanian port of Durres is set to welcome a new shipping route from Israel in the new year, it has been announced.

At present, Duress serves as the country's principal coastal port, serving as a key link in the south-east corridor, which follows the ancient Roman trade trail from Albania to Istanbul.

Given its status, the port handles 85 per cent of Albania's total maritime traffic and now this looks set to be increased even further with the news that the Mediterranean Shipping Company will launch its new link early in 2009.

With a maximum journey time of 12 days, it is expected that the new route will help to boost international trade in the region and thereby benefit the Albanian economy.

Already, Duress is part of a pan-European trade project aimed at bringing together ports within the former eastern bloc and allowing them to benefit from trade with the European economy.

Earlier this week, Instat, Albania's national institute of statistics, revealed that the country experienced record economic growth over the 12 months to the end of September 2008.

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Albania will be mostly unaffected by credit crunch

Fri, 21 Nov 2008 00:00:00 GMT

The Albanian government is confident that the country's economy will remain largely unaffected by the global economic crisis, it has been claimed.

According to albanianeconomynews.com, Genc Ruli, Albania's economy minister, is confident that the credit crunch will have a minimal impact on the south-eastern European state.

As such, property investors may choose to look to Albania as a viable location for property investment.

However, Mr Ruli has conceded that increasing costs have forced the postponement of a €300 million denominated bonds issue.

"We have projected to issue bonds in hard currency for a total of €300 million, but we will wait for better times," he told the news provider.

Mr Ruli's outlook was echoed by the International Monetary Fund and the Bank of Albania, although the two bodies warned that caution was still advisable.

"Albania's still limited integration into global markets currently provides an important buffer, but the economy is not immune," a statement read.

The Republic of Albania shares a border with Greece, Montenegro, Kosovo and the Republic of Macedonia, and is also close to Italy.

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Foreign property buyers head to Albania

Wed, 17 Sep 2008 00:00:00 GMT

Albania is becoming increasingly popular with overseas property investors, a media outlet has revealed.

According to the Southeast European Times, the eastern European country is a largely untouched market.

This, it stated, means that it is attracting growing levels of attention now that the Mediterranean region has been fully exploited.

Albania was also said to be aiming to join Nato and the European Union - a development which could boost its housing market.

The Southeast European Times commented: "Experts confirm that EU and Nato integration processes will ensure considerable appreciation in real estate over the next 5 to 10 years."

Indeed, the publication stated that house prices could go up by as much as 30 per cent during this period.

This comes after the Jerusalem Post stated that a growing number of Israeli real estate developers are pursuing investment opportunities in Albania.

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Albania attracts Israeli developers

Sat, 13 Sep 2008 00:00:00 GMT

A growing number of Israeli real estate developers are pursuing investment opportunities in Albania.

According to the Jerusalem Post, the eastern European country is on the way to becoming a "mecca" for foreign property companies.

This, it said, is partly because it is trying to catch up with its neighbours in the region and is experiencing significant growth as a result.

Koby Dayan, general manager of Adal Holdings, is one person who is extremely positive about the country's economic future.

Speaking to the newspaper, he commented: "The attractions of Albania for Israeli investors are because it is so underdeveloped and also because it is relatively near."

The publication added that Albania's efforts to catch up with other eastern European countries depend on a large influx of foreign capital.

This comes after the Global Property Guide revealed that the country is becoming increasingly popular with second home buyers from overseas.

The publication said a period of "catch-up" has started to take place now that it is enjoying greater political stability.

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Albania offers growing tourist market

Sat, 6 Sep 2008 00:00:00 GMT

Albania is continuing to experience growth in its holiday sector, according to industry analysts.

Examiner.com stated that the eastern Europe country is developing its tourist trade and has become a "great" destination for people on a budget.

The fact it is a relatively untapped market was highlighted as another factor that could make a very enticing place to visit, as its beaches will not be overrun by tourists.

"Albania is opening up to tourism and is a great budget choice," the website commented.

"A trip to Albania can be easily combined with travel in Italy, Greece, Croatia and other countries."

Examiner.com added that Albania offers attractions that are comparable to many Mediterranean hotspots.

This comes after the Global Property Guide revealed that the country is becoming increasingly popular with second home buyers from overseas.

The publication said a period of "catch-up" has started to take place now that it is enjoying greater political stability.

Visit our off-plan property Albania page.

Albania attracts more visitors

Tue, 19 Aug 2008 00:00:00 GMT

Visitor numbers in Albania have gone up in the last 12 months, new statistics have revealed.

Official data cited by Southeast European Times showed that during June 2008, the number of foreign arrivals was 20% up on the amount recorded a year earlier.

This is likely to be good news for overseas property buyers who have entered the market, particularly buy-to-let investors.

Growing tourism is likely to impact on rental demand across Albania, which in turn could lead to property owners collecting higher returns.

Ylli Pango, the nation's tourism minister, commented: "More tourists are arriving in Albania this year, and their number has been steadily increasing in the past few years."

He added that increasing the accommodation capacity is one of the main priorities for the Albania tourism sector.

This comes after NuBricks.com revealed that the Balkan country is becoming more and more popular with overseas property investors.

The website said this is because investors believe there is money to be made in the region.

Visit our off-plan property Albania page.

Albania offers bargain properties

Fri, 15 Aug 2008 00:00:00 GMT

Second home buyers have been advised that they could find a cheap investment property in Albania.

According to the BuyAssociation website, house prices in the eastern European nation are relatively low in comparison with many other countries.

The online portal added that Albania also offers a number of other attractions, such as picturesque scenery and a growing tourist sector.

As a result, the country is receiving greater attention foreign investors, as well as people who want to buy a holiday home overseas.

Paul Collins, editor of BuyAssociation, commented: "Albania may be one of the last truly emerging countries in the overseas property world."

He added that Albania, which shares its border with Greece and Montenegro, has a particularly "beautiful" coastline.

This comes after NuBricks.com revealed that the Balkan country is becoming more and more popular with overseas property investors.

The website said this because investors believe there is money to be made in this region.

Visit our off-plan property Albania page.

Albania offers bargain properties

Fri, 15 Aug 2008 00:00:00 GMT

Albania one step closer to being a fully fledged NATO member

Thu, 10 Jul 2008 00:00:00 GMT

Back in April we reported that despite an invitation there was quite a way to go before Albania could join NATO. Yesterday Albania took one significant step closer to that goal when the ambassadors for the 24 member states signed accession protocols for both Albania and Croatia to join NATO...

First UK Property Consultants to Open Offices in Albania

Thu, 10 Jul 2008 00:00:00 GMT

On the 1st of July, 2008, London-based overseas property specialists, Fresh Property Co opened Fresh Property Albania offices. The offices are located in Albania’s capital Tirana and in the coastal resort of Saranda, opposite the Greek Island of Corfu. Since launching Albanian property for sale since 2007, the demand from international investors has been very high...

Driving to Albania and how to avoid being detained at the border

Fri, 7 Mar 2008 00:00:00 GMT

I had an interesting conversation earlier this week with a friend of ours who markets Albanian property and who like us had recently driven by car from Bulgaria to Albania. As I was telling him how one of the Albanian border guards had insisted on charging us €5 for what can best be described as...