Real estate investment in Albania
The sale of real estate to foreigners in Albania is not restricted: you can buy, lease and sell housing or commercial real estate.
The most expensive property in Albania is in the capital, Tirana.
€1,171
Average price per 1 m²
of housing in Albania
of housing in Albania
Cost of a 3-bedroom apartment in Albania
€500,000
Apartment in the centre of Tirana
€200,000
Apartment in Tirana, within a
10-minute drive from the city centre
€100,000
Apartment in Durres
Albania residence permit or citizenship by real estate investment
Buyers of properties of any value with an area more than 20 m² can get an Albania residence permit.
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Taxes and associated costs
Taxes
Property owners pay an annual tax of 0.05% of the cadastral value.
Rental income is taxed at 15% in Albania.
€804 Approximate annual costs for
maintenance of an apartment
maintenance of an apartment
Communal payments
Electricity, gas, water, heating, and garbage collection |
€48—123per month |
Internet, TV and telephone |
€12—24per month |
Real estate sellers pay a capital gains tax of 15% on the difference between the sale and purchase prices.
15% Capital gains tax on the sale of
real estate in Albania
real estate in Albania
Expenses on the sale
Capital gains taxPaid on the difference between the sale and purchase prices |
15% |
Frequently asked questions
Can foreigners buy property in Albania?
Yes, the sale of real estate to foreigners is not limited: they have the right to buy property both in Tirana, the capital and in any other city in Albania. Objects can be bought and sold, as well as rented out.
Is Albania an excellent place to buy a property?
Yes. Albania is a beautiful country that attracts tourists and residents with its pristine Adriatic Sea beaches and close proximity to the major European cities. By purchasing real estate in Albania, foreigners can:
- obtain an Albania residence permit;
- resell a liquid asset for profit;
- get additional income when renting out the property.
Is real estate cheap or expensive in Albania?
The cost of Albanian real estate depends on the type and location of the property. The highest real estate prices are in Tirana, the capital of Albania. The average cost of 1 m² of housing is €1,171.
How can I buy a flat in Albania?
If you are a foreigner, you can freely contact any international real estate agency that sells Albanian property and choose a flat either in Tirana, the capital city, or any other part of the country.