Albania Real Estate Market

Tenant and Rental Issues

Did You Know?

Albania's rental market is governed by tenant-friendly laws that protect both landlords and tenants

Legal Framework

Governed by Law No. 9670 "On Renting Dwellings"
Albanian Civil Code provides detailed regulations
Written lease agreements are mandatory
Minimum lease term typically one year

Tenant Rights

Right to habitable living conditions
Protection against arbitrary eviction
Privacy protection with notice requirements
Rent adjustment caps based on inflation
Protection from retaliatory eviction

Landlord Rights

Right to collect rent as per agreement
Property inspection with proper notice
Maintenance obligations enforcement
Eviction for valid legal reasons

Rental Costs

Security deposit: 1-2 months' rent
Utilities: ~€100/month (2-bedroom)
Maintenance fees: ~€40/month
Agency fees: Usually one month's rent

Buying and Selling Properties

Process Overview

Key Steps

Property search and due diligence
Legal verification of ownership
Sign preliminary agreement (10% deposit)
Notarized final contract
Property registration

Costs & Taxes

Notary fees: €150-€450
Legal fees: €100-€300
Property transfer tax: 3-4%
Registration fees: Minor admin costs

Professional Assistance

Lawyer

Essential for title checks, contract review, and legal compliance

Real Estate Agent

Helps find properties, negotiate terms, and handle paperwork

Translator

Recommended if you don't speak Albanian for contract understanding

Development Projects & Prices

Market Overview

Albania's real estate market is booming with 40%+ year-on-year growth and €1.1 billion in foreign investment

Property Prices by Region (2024)

Region	Price per m² (€)	Key Features
Tirana (Central)	€2,000 - €2,500+	Capital city, economic center
Tirana (Suburban)	€1,000+	More affordable, growing areas
Durrës	€800 - €1,500	Coastal city, port area
Vlorë	€1,000 - €1,800	Seaside, new airport 2025
Sarandë	€1,500 - €2,500	Tourist hotspot, Ionian coast
Secondary Cities	€500 - €900	Heritage sites, affordable

Major Development Projects

Completed

Downtown One Tirana

Rruga e Elbasanit

Developer: Kastrati Group

Price: €525,600

140m tower, seismic standards, iconic design

Partial

Eyes of Tirana

Skanderbeg Square

Developer: Ideal Construction

Price: €87,000

Mixed-use, sustainable design, 24 floors

Completed

West Residence Tirana

Blloku

Developer: Invest Society

Price: €565,000

Premium district, green terraces

Completed

Lakeview Tirana

Kristo Luarasi Street

Developer: Gener 2

Price: €211,000

Lakeside luxury, high security

Coastal & Infrastructure Projects

Durrës Yachts & Marina: €2 billion UAE-backed luxury waterfront redevelopment
Vlorë International Airport: Opening 2025, will boost southern coast real estate
International Hotels: Hyatt, Hilton, IHG, and Marriott planning resorts

Foreigner Eligibility to Buy

Good News!

Foreigners enjoy broad property rights in Albania with minimal restrictions

What You Can Buy

Apartments and houses
Commercial buildings
Land through local companies
No minimum investment required

Restrictions

No direct agricultural land ownership
Must use local company for land purchases
Property purchase ≠ automatic residency

Residency & Citizenship

Separate residency application required
Property ownership supports residency applications
Citizenship requires years of residency
Language and cultural knowledge needed

Taxes & Fees

Annual property tax (value-based)
Income tax on rental earnings
Capital gains tax on property sales
Same rates as local citizens

Recommendations for Foreign Buyers

Hire Local Lawyer

Essential for legal compliance and title verification

Use Reputable Agent

Ensures verified properties and smooth transactions

Check Treaties

Verify bilateral agreements with your home country