The development is situated only 400 metres from one of the largest infrastructure projects in Tirana, the new ring road. (Currently being built with the support of the European Bank.)

The ring road will have a very positive effect on the transport system of Tirana as well as on the property prices in this area. (It will have 4 lanes and represent a total investment of € 8.2 million)

Location: the development is situated in a newly-built area of Tirana focused on providing homes for those emerging middle class buyers in the capital who still cannot afford to live in the city centre, but wish to live in a nice and accessible place.

These kinds of apartments always represent the best investments as they are created to be affordable for the locals as well, not just the few very rich people and foreign investors. Therefore, the development is a perfect alternative to the often overpriced city centre developments.

Surroundings: everything can be found within the immediate locality. Casa Italia is a new Shopping centre where all the big Italian brands can be found and is one of the most popular shopping centres in Tirana. The area is developing extremely quickly and there are plenty more commercial projects under construction meaning that there will be everything the future tenants could wish for.

The building: is a contemporarily designed, excellent quality building. There will be one, two and three bedroom apartments available. Albanian locals usually prefer the two bedroom apartments to accommodate extended family and studios are very rarely in high demand. In terms of rental, the one and two bedroom apartments are definitely the most popular and easiest to rent out.

The developer builds to European standards:

- entrance door with multi-point security lock
- aluminium framed windows and balcony doors
- ceramic tile flooring in the living room, bathroom, toilet and kitchen
- frost proof ceramic tiles on the balcony
- ceramic tiles in the toilet and bathroom up to the height of the door
- off-white painting everywhere
- toilet, washbasin, bathtub and taps included
- 2 TV sockets
- 2 telephone sockets
- entry phone system

Commercial areas:

Stylish shops and restaurants on the ground floor, cafes on the first floor.

An available pharmacy, grocery and some other key shops are always very important on a development with around 140+ apartments and local shops and restaurant are a huge advantage for the tenants and the future buyers, especially in terms of creating a community.

Timing:

The development is very close to completion now and has not been on the market for a long time at all, as most of the marketing effort has been focused mainly on the locals. So, this is still a very good time to buy! Currently, we are able to offer the apartment for 60% of the sales price and can provide you with some very good financing options should you need them.

In terms of rental, together with our partner, we can put together a full rental package for you from getting the apartment into a "ready to let" condition (furnishings etc) to finding a tenant and making sure you rent the property out.

The estimated rentals from our letting agency are :

One bedroom apartment: 250 Euro/month
Two bedroom: 300 Euro/month
Three bedroom 350 Euro /month

You are also able to purchase a garage, though this is not compulsory, at a cost of 7600 EUR. This is also rentable as you can get around EUR30 per month for it and as parking is always a problem, a good long terms strategy means that it may be better to take this option.

Why Albania?

EU funds: high levels of EU funding injected in Albania, the government makes efforts to attract foreign investment and companies
Taxation: no VAT (but will be introduced soon, this is the best time to buy in Albania), no capital gains tax, no inheritance tax, stamp duty is payable by the seller
Location: Albania has 250 km coast, this is the last untouched seaside in Europe for affordable prices
Infrastructure: many highways are planned to allow easy access to the neighbouring countries, new state-of-the-art airport terminal in Tirana has just been completed
Tourism: foreigners start to explore Albania and consider it as a holiday destination for its beautiful Meditarranean coast and affordable prices
NATO and EU memberships are on the horizon
Property price levels are very low in Albania as it is at the beginning of the property cycle. Real estate has not been introduced to foreign investors yet, however, it will boost the prices. Unpredictedly high capital growth potential.

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