Category: Real Estate

Home Businesses Real Estate
Floor Area for Building Permits in 2016-2018 Exceeded 1.4 million m²
Post

Floor Area for Building Permits in 2016-2018 Exceeded 1.4 million m²

TIRANA, November Building permit activity in Albania increased by 48.4 percent over the period 2016-2018 with a total floor area of 1,442,783 square meters. The official data on the construction sector in the country were unveiled on Friday by the Institute of Statistics (INSTAT) on the regional statistical yearbook. According to the statistics on this...

Coastal and Tirana Properties Are Getting Harder to Sell
Post

Coastal and Tirana Properties Are Getting Harder to Sell

TIRANA, October 14 Properties got harder to sell during 2019. The data was confirmed by a survey conducted by the Bank of Albania (BoA) with residential and commercial contractors and real estate brokers. According to the respondents in Tirana, the average time to sell a property in the capital city during the first half of...

House Prices Rise but at Slower Pace in Jan-Jun 2019
Post

House Prices Rise but at Slower Pace in Jan-Jun 2019

TIRANA, October 10 House prices in Albania grew by 1.8 percent during the first half of 2019 according to the Bank of Albania (BoA). The finding was based on a report conducted by BoA with over 300 real estate agencies throughout Albania. The data show that house prices growth rate slowed a tad in 2019....

Buying a Property: Decennial Liability Insurance Mandatory by Law
Post

Buying a Property: Decennial Liability Insurance Mandatory by Law

TIRANA, October 3 If you are planning or closing a deal on a residential or commercial property, make sure that the contractor or seller provides decennial liability insurance along with the property sale agreement. Based on a decision adopted Wednesday by the Council of Ministers, decennial mandatory insurances or inherent defect insurance will be mandatory....

Housing Loan Trend to Watch For in 2019
Post

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?
Post

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
Post

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...