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Developers predict a rise in real estate prices in Albania

23.01.2024
Homesoverseas.ru editorial office
139
The Association of Builders of Albania warns of a likely increase in real estate prices in the country in 2024 by an average of 20%.

According to the professional community, the reason for the rise in prices will be an increase in the cost of construction due to higher taxes for developers. In particular, the authorities are considering increasing the tax on infrastructure impact from 4 to 6% in coastal regions, while in Tirana it has already been raised to 8%.

In addition, it is expected to revise the estimated prices for real estate for the purposes of taxation of developers. In Tirana, these prices have already been increased, which is expected to lead to an increase in the cost of construction by an average of 40%.

According to industry representatives, even the entry of a significant amount of new offers into the market will not be able to stop the price increase.

Active construction in Albania continues. According to the forecast, the number of new construction permits in Vlora, Durres, Saranda will grow, while in Tirana it will remain at the same level.

Detailed Albania real estate market overview from the portal HomesOverseas.ru .

Source: Albania News

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2 200 000 €
plot area 12000 sq. m
downtown area
selling by owner