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Albania is emerging from the shadows - is now the right time to invest in Albanian property?
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| Albania is emerging from the shadows - is now the right time to invest in Albanian property? |
Posted: Jun 7 08 06:46
Total Posts: 2
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A great country with lots of potential but with a very high risk profile. I think its a few years too early to take an investment here.
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Posted: Jun 8 08 08:20
Total Posts: 50
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It seems developers are only interested in cash buyers at present. A colleague has attempted to buy 3 separate units in Tirana with an initial deposit of 30 percent and the remainder by mortgage but was pipped to the post by cash buyers it seems.... Agents are getting increasingly frustrated with Developers as they are not honoring existing verbal agreements. Reaching the stage of having an agreed notarized preliminary purchase agreement would seem to be a major coup!!! Prices are also rising by the week apparently...... still a tad wild west it seems and definitely high risk.
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Posted: Jun 9 08 20:22
Total Posts: 6
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I have just been to Tirana and I think there is a huge potential for investors. Yes developers want 30% deposit but you can get teh 70% as a mortagage from the bank. Its not a straightforward process though
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