Albania maintains interest in international real estate market

TIRANA, July 7 – Albania is considered the number one location for long-term property investment because of its determination to become a full member of the European Union.
That is coupled with the EU’s determination to make sure Albania succeeds in gaining full membership. The most important factor between this determination and property investment are the masses of money the EU, has and will provide Albania to develop economic competitiveness, infrastructure, and general prosperity.
Albania has also shown potential for economic growth, preserving good economic indicators and, as more and more businesses relocate to emerging markets, buying their consumables from emerging market traders in a massive global cost-cutting exercises.
House prices will increase in line with what people can afford. Thus, it is predicted that a stable and sustained growth in Albanian property prices will continue until at least 2014, at which point the stable democracy, and semi-established market of Albania, will have a fair chance of seeing continued property price growth, according to international experts. (Tirana Times Staff)