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House Construction Costs Down in Q4 While Prices Up
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House Construction Costs Down in Q4 While Prices Up

TIRANA, March 4 Rising construction prices mean rising house prices. Although official data from the Institute of Statistics confirm a decline in the house construction index, prices in the housing market continue rising. According to INSTAT, the house construction index reached a rate of 104.1 during the fourth quarter (Q4) of 2019, down to 0/1...

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

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...