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Housing Loan Trend to Watch For in 2019
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Housing Loan Trend to Watch For in 2019

TIRANA, August 14 The individuals have received around €100 million credits for their houses in the first half of 2019. According to data by the Bank of Albania, housing loan is in increase even this year. Between January-June 2019, the banking system has given Lek12.3 billion new credits for this purpose. Compared to the first...

Where and How is Housing Tax Calculated for Tirana?
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Where and How is Housing Tax Calculated for Tirana?

TIRANA, August 2 The water supply and sewerage system of Tirana have announced on its official website, for all the inhabitants of the capital city, to hurry up and make the calculation of the housing tax for their residences, which at the end will be included in the water bill. They are invited to all...

Revenue from Property Taxes Declines in Q1
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Revenue from Property Taxes Declines in Q1

TIRANA, July 3 Property taxes are a considerable source of revenue for local power, but the latter confirm that expectations for January – March 2019 were not met. According to the report on local finances Jan-March, all the 61 municipalities across the country collected a total of Lek 784.3 million from property taxes for the...

A Building Boom in Tirana, New Mix-Use Luxury Project in Durresi Road
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A Building Boom in Tirana, New Mix-Use Luxury Project in Durresi Road

TIRANA, October 29 Investment in the construction sector is increasing in the Albanian capital with many new projects.  A new mixed-use building is planned to be constructed at Durresi Road, Monitor reported. Based on the available information, the new project named ‘Greenside Out’ was designed by Dutch Joubert Architecture (JA) studio for Eurocol Construction Company...

Tirana to Get New Mix-Use Luxury Tower
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Tirana to Get New Mix-Use Luxury Tower

TIRANA, October 8 A new multifunctional 12-story tower inspired by the architectural style of Berat, UNESCO World Heritage Site, will be constructed in the free area between Dajti Hotel and the Catholic Cathedral. MET Building Tirana project finalized by Mario Cucinella Architects (MCA) is a mixed-use commercial, tertiary, residential, and high-density building. According to the...