Five key reasons to buy Real Estate in Albania :

1. Albania's low inflation, budget surplus and stable government is attracting investment

2. EU/ world bank/ EIB have committed to invest €11 billion between 2007 and 2012

3. Upgraded roads and a new terminal at Tirana airport increase accessibility

4. GDP Growing at a healthy 6% per year and set to accelerate

5. Just 2/3 hours from Western Europe(direct BA flight)

We believe that VISTABLU is an interesting investment opportunity notably because of the ever-increasing demand for seaside properties in Vlora and the restricted supply of lands for development. The rewards that can be gained from investing in VISTABLU are easy to see:

1. Clear, simple city/seaview development concept

2. Competitive advantage i.e. pure Vlora development

3. Good leverage with mortgage financing available on completion

Discover Albania. Owning residential or commercial real estate in Albania is easier than ever, thanks to latest property ownership provisions and our in house legal services.


COMMON QUESTIONS ABOUT ALBANIA REAL ESTATE

Is their restriction to foreign ownership?
Foreigner can own residential and commercial properties as well as land.

Do I need to create a company to buy property in Albania?
Foreigners can buy under their own name any apartments or villas in Albania.

Does Co-Ownership is allowed in Albania?
Yes it is.

Do local bank offer mortgage loan?
Local banks are all controlled by large European banks; Credit Agricole, Société
générale, Banca San Paolo IMI, Raiffeisen bank, …these banks already have approved
our real estate development and are interested to offer competitive mortgage loans
with terms from 1 to 15 years.

Do I need an attorney to buy a property in Albania?
Attorneys can provide valuable services to purchasers. We are working with the
largest local law firms.

Does the Public Notary verifying the clear title of the property?
The notary is responsible for the verification of the original title of the property.

What is the cost of the Public notary?
For a transaction of €100’000 is approximately €180-200.

What are the other costs to purchase?
There is no Transfer Tax to be paid by the buyer (in Croatia it is 5% and 2% in
Bulgaria on the buyer side!).There is some expenses like 200 Euro to register the
property.

Do I have to pay local or state taxes?
Yes local taxes in the range of 20 euro/year.

Do I have to pay a capital gain tax when I resale?
a capital gains tax of 10% is due on the gain realized on the sale of the property
(instead of 17.8% in Bulgaria and 20% in Turkey or Poland)!

Are you offering Property Management services?
Yes we can take care of the maintenance and the lease. We are the largest management
company in Albania.

What are the Guarantees I have?
With all the developments Balkimo sources, the developers we work with usually raise
finance from a banking institution which makes investment in their projects very
secure for the prospective buyer and the quality and financial standing of the
developers is always thoroughly checked. All companies that we work with are members
of, and regulated by, the Albanian Chamber of Construction. These companies are
medium to large in size with a good track record of providing quality products that
are delivered in realistic timescales.