Albania is becoming increasingly more popular with the property investment companies due to its growth potential and increasing political and economic stability.
Liam Bailey, Head of International research for David Stanley Redfern, put forward a possible reason for Albania’s current popularity. “In the last 2-3 years Albania has put political and ethnic tensions behind it and began to see some really solid economic growth, with around 8% GDP growth on average. I personally believe watching other countries in the region like Bulgaria and Montenegro start to flourish on the international investment stage, triggered the government and the entire population to take the necessary steps to end the tension for the good of them all. Albania has been growing even on its own strengths, but EU grants and loans to help prepare the country for full membership will only generate even greater growth.”
Property bought now at low prices will continue to grow in value throughout the period as the European Union help and investments bolster the economic growth in the country. This makes Albania a safe investment destination, even in the face of global adversity.
David Stanley Redfern is not the only property investment company entering the Albanian market. Collins International is preparing to open its first office in Tirana. The representatives of Collins International are very optimistic about the future of property investments in Albania.
At April’s meeting in Bucharest, NATO extended a full invitation to Albania and Croatia to join the fold. That has been hailed by the international media as a major step in Albania’s integration into Europe, and a pivotal point in its path to achieving full membership to the European Union. Though, much work is necessary on the part of Albania, the invitation proves that the steps already taken have been the right ones, and that the desire is there to do everything necessary to achieve full EU membership as soon as possible.
Property Investors See Great Things In Albania’s Future
Change font size: