Albania is a relatively young hopeful among Europe’s emerging property markets. The country, which only broke free from communist rule in 1992, has been working hard to make itself an attractive destination for overseas property investors. Infrastructure improvements, approval for membership of NATO and EU, no restrictions for foreign buyers and a flat tax rate of 10% are all adding up to a prospective investment location that is worth monitoring over the next few years.

The Terranova Residence is a contemporary city style development of 1, 2 and 3 bedroom apartments and forms part of the UNAZA new quarter which is currently undergoing selective development and has been designed to be an up-market yet affordable area of Tirana. The development offers a perfectly balanced lifestyle for its residents and an unbeatable opportunity for investors. The Terranova Residence is a freehold mixed use building comprising commercial ground and lower ground and residential upper parts with a total of 10,000m2.

For many years Balkan property was not even on the radar of international investors, but it seems that prosperity is growing in the Balkans with news that Montenegro, Croatia and Albania are all showing signs of growth even in these troubled times and we believe here at Nubricks that property for sale in the Balkans looks set to follow in the footsteps of their northern cousins the Baltic States.

The Baia Vista development in Saranda, Albania, offers a range of one and two bedroom apartments, at excellent prices. Only 150 metres from the golden sand and warm waters, Baia Vista offers a unique opportunity to invest in an emerging market. The development offers high quality in a great location but at launch prices you can really get yourself a bargain. With basic facilities Baia Vista guests have access to the facilities of the nearby 5* Butrinti Hotel.

Over the last decade property in the Balkan Peninsula has become something of a magnet for overseas investors who have spotted the future potential of investing into its property markets at a very early stage. While markets such as Bulgaria, Croatia and Slovenia have become runaway success stories, there still remains a great deal of money to be the region in their neighbouring countries of Albania, Montenegro, Macedonia, Bosnia & Serbia where prices of commodities and service costs lag behind those of their rapidly increasing counterparts, a positive indicator of future growth to come.

Photo Courtesy of Edwenn

With its beautiful frontage on both the Adriatic and Ionian seas and its incredible mountain views, Albania is a country that is gaining a lot of attention from international holidaymakers.  As the masses discover the warm Mediterranean climate this country has to offer, investors too are turning their sights towards Albania.