Albania’s real estate market continues to grow steadily, attracting both local and foreign buyers. From modern city apartments in Tirana to coastal villas on the Albanian Riviera, prices vary significantly depending on location, quality, and proximity to key infrastructure.
Average Property Prices (Sale)
Here’s a snapshot of typical sale price ranges across popular regions:
Tirana (City Center): €1,800 – €2,700 per m² (premium new builds in Blloku, Don Bosco)
Tirana (Suburbs): €1,000 – €1,800 per m²
Durrës: €800 – €1,500 per m² (close to the capital and seaside)
Sarandë / Riviera: €1,600 – €3,500+ per m² (sea-view properties)
Smaller towns: €500 – €1,200 per m² (depending on infrastructure and access)
Rental Market Overview
Rental demand is strong in urban and coastal areas. Short-term holiday rentals dominate the coast, while long-term tenants prefer central Tirana. Typical monthly rents:
1-bedroom apartment in Tirana: €300 – €800/month
Coastal rentals: €400 – €1,200/month (seasonal variation)
Tourism has a big influence on rental pricing — expect higher rates in summer months and lower availability for long-term leases along the coast.
Investment Potential
Gross rental yields in Albania generally fall between 4% and 8%, depending on location and management. Investors often focus on:
Short-term rentals near beaches or historic centers
New developments offering property management services
Mid-range apartments for long-term city tenants
Buying vs Renting — Which Makes Sense?
Buy: Best if staying long-term (4+ years) or seeking capital appreciation.
Rent: Better for short stays, flexibility, or if testing a neighborhood before buying.
Always factor in taxes, legal fees, and building maintenance costs.
Tips for Foreign Buyers
Foreigners can buy property in Albania with minimal restrictions (except agricultural land).
Use a local lawyer to verify property title and registration.
Bank transfers in euros are standard; cash purchases should be properly documented.
Engage a reputable notary — all transactions must be notarized in Albania.
Current Trends (2024–2025)
Growing interest from EU and Gulf investors.
Strong tourism growth in Vlora, Sarandë, and Ksamil boosting coastal demand.
New developments in Tirana offering mixed-use residential and commercial spaces.
Conclusion
Albania offers a strong mix of affordability, tourism-driven returns, and investment growth potential. While prices have risen in recent years, the market remains accessible compared to Western Europe. For long-term investors, the key lies in location, local partnerships, and understanding rental dynamics.
Disclaimer: Prices and market data are approximate averages from public listings and real estate reports (2024–2025).