Laws Pertaining to Real Estate Transaction
For acquiring land in Albania one has to comply with the laws formulated for this purpose. To acquire ownership of property in Albania one has to follow two steps- firstly, one has to conclude the purchase contract, followed by the registration of that deed.Rates for Rent
A big and good house might be rented for $1200 per month. But if one aspires to rent something special then the price can reach up to $3000.Real Estate Prices for Residential Purpose
The standard of living in Albania is not very high. In comparison to that the price of the properties is quite high. The apartments can be rented or bought for the below mentioned prices:- The price of most apartments ranges between $300 and $650
- For renting two room apartment the price ranges between $200 and $400
- The rent for three room apartment can be $800
- The rent for four room condos can be $1200
Property Price for Official Purpose
For official purpose the rent per square meter can be between $5 and $10 on monthly basis. However, the price can also soar as high as $40 per month in the capital city of Tirane.Real Estate Prices for Commercial Purpose
Houses are also rented for commercial purposes. The rent happens to be the same as that of the houses used for official purposes.Such unimaginable price of the Albanian properties owes its existence to the fact that more than half of the working male population works outside their country. They are obliged to send a good amount of their earnings back home. That amount is distributed among the relatives and is later invested into the market. This explains the high price range.
Albanian Real Estate Agents
Albania is home to many real estate agents. The leading real estate agents in Albania are:- Balkimo
- David Stanley Redfern Limited
- Agent d.o.o. Mostar
- Knight Knox International
- Albania Estate
- Landlord
- Property frontier
