Good real estate bargains seen in Albania during the current crisis

TIRANA, March 2 – At a time when the whole planet has been covered by the financial crisis, Albania is still considered to be in good standing in the real estate business, due partially to low processes still in existence.
World experts consider Albania as a destination worthy of overseas property investment due to the credit crunch and growing international interest.
The tiny Balkan country still has some cheap but quality homes in key areas, like the capital Tirana, according to the offplanpropertyexchange.com online portal.
The website mentions one bargain, the Kashar View homes development near capital Tirana, with a low starting price following the credit crunch. Units are on sale for just over 19,000 euro.
“There aren’t many new luxury apartments in Tirana priced around 22,350 euro, making this a real bargain, and also giving it immediate equity because when the apartments are completed they will immediately be worth what other like-for-like apartments in Tirana are,” representatives of the Property Abroad company told the publication.
Homes in Tirana are often found most cheaply in a number of new and off plan apartment blocks, as they are built to cater to a growing number of mid-market buyers, the report noted.
In other locations, such as the completed high-class villas and apartment homes on the waterfront in the city of Sarand롡re going for around 160-150 euro/m2. Situated on an open sea gulf of the Ionian Sea in the Mediterranean, the city is on the Albanian Riviera, which The Guardian recently said “is set to become the new ‘undiscovered gem’ of the overcrowded Med.”