Where Can I Find Listings of Real Estate in Albania
Albania, located in Southeastern Europe on the Balkan Peninsula, a European Union membership candidate, which when completed would further support property values as the country aligns with EU standards.
Presently tourism in Albania is a major economic driver due to the coastline with the Mediterranean, which is creating strong demand for vacation or holiday rentals long- and short-term.
In focus are locations in Albania such as Sarandė, Vlorė, and Durrės, which all offer sought after views of the Ionian and Adriatic Seas.
Popular areas of Albania with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Buying cheap luxury real estate listings in Albania is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Albania, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
You may ask where can I find listings of real estate in Albania, and in established or emerging luxury markets or area, luxury properties could be listed as undervalued in relation to future expectations, especially for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas often see strong appreciation when the market recovers or the area gentrifies.
Albania, located in Southeastern Europe on the Balkan Peninsula, a European Union membership candidate, which when completed would further support property values as the country aligns with EU standards.
Presently tourism in Albania is a major economic driver due to the coastline with the Mediterranean, which is creating strong demand for vacation or holiday rentals long- and short-term.
In focus are locations in Albania such as Sarandė, Vlorė, and Durrės, which all offer sought after views of the Ionian and Adriatic Seas.
