Albania Atlas

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The Albania Atlas
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Begeleidende weergave
Nieuw in Albanië? Elke pagina begint met een uitleg in eenvoudige taal die u aan een tienjarige zou kunnen voorlezen, voordat de details beginnen.

Expertweergave
U kent de basis al. Meteen naar de kern, met de eenvoudige uitleg verborgen. Dit is de standaardinstelling.

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Gids

The Albanian Property Market

A market driven by the diaspora, tourism and construction — and shaped by an unresolved post-communist title history.

Opslaan

Main markets
Tirana; Sarandë, Ksamil, Vlorë, Durrës, Lalzit Bay
Registry
State Cadastre Agency
Documented risk
Money-laundering exposure in construction and real estate

In gewone taal

Property in Albania has become much more expensive in Tirana and on the coast over the last decade. A lot of building is going on. Who legally owns what is sometimes complicated because of what happened after communism ended.

Eenvoudige uitleg

Property in Albania has become much more expensive in Tirana and on the coast over the last decade. A lot of building is going on. Who legally owns what is sometimes complicated because of what happened after communism ended.

Two markets

Tirana is a domestic market driven by urbanisation, diaspora purchases and a large construction pipeline. The coast is a holiday and investment market, concentrated in Sarandë, Ksamil, Vlorë, Durrës and Lalzit Bay, and heavily dependent on tourism demand and off-plan sales.

The title problem

Between 1945 and 1991 private property was abolished. After 1991 the state restituted and privatised on a very large scale, in parallel with mass internal migration and a great deal of unpermitted construction that was later legalised. The result is a register that is still being reconciled.

For a buyer this is not an abstraction. Overlapping claims, unregistered inheritances and buildings whose legalisation is incomplete are ordinary findings in a title search.

Scrutiny of the sector

Construction and real estate in Albania have been repeatedly identified by MONEYVAL, the European Commission and domestic institutions as sectors carrying money-laundering risk. This is a matter of public record and it is one reason due diligence on a counterparty matters as much as due diligence on a title.

Verwante onderwerpen

Verwante onderwerpen

Industrie

Tourism in Albania

The fastest-growing part of the economy, concentrated on the southern coast and in a short summer season.

Gids

Buying Property in Albania

Foreign buyers may generally purchase built property — the risk is not the rule, it is the title.

Gids

Renting in Albania

Cheap by European standards, largely informal, and priced in euros in the places foreigners want.

Strand · Vlorë

Kakome Bay

A deep, clear bay north of Sarandë, long the subject of a contested development.

Strand · Durrës

Lalzit Bay

A pine-backed sand bay north of Durrës that has become Albania's main resort-property zone.

Bronnen

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