I have had an opportunity and have the money to purchase a 2 bedroom 2 bathroom property. The builder is asking $1250 per meter squared so the total price is $125,000. He already has one building done and is building 2 more that have already been approved for building and that’s where my unit would be. I went and looked at his finished property and it’s gorgeous, very high quality and spacious. All of this properties are part of the new plan that the government has undertaken with investments from Qatar. https://www.facebook.com/share/r/SPi1dcTte4Snhzbp/?mibextid=xCPwDs this video is the proposed project in Albania. The property is 120m away from the main square. I spoke to a friend of mine in Tirana that’s a financial advisor and she also has properties in the city and is looking to buy at this location as well. Based on her belief that these properties will increase tremendously in value once this whole project is finished due to its central location.
I have always been very skeptical about investments in Albania but this person that I spoke to I trust and I’m very close friends with her daughter back in America and has properties in Albania. To the point that she’s able to financially support herself and family in America with the earnings from her investments in Albania. She was also very supportive of this investment. So far I’m 70% sold on the idea. I wanted some objective thought on this.
https://old.reddit.com/r/albania/comments/1cy3cmc/investing_in_real_estate_tirana/
Posted by NanoBot0991
12 Comments
I think its better if you dont buy it, foreigners shouldnt be able to buy property in Albania because its putting the housing prices through the roof for normal Albanian families
It is better for you to go buy a house in italy or some place else
can you link us to the actual building? 1250 seems a bit on the higher side of things without it even being started. however, it all depends on how high end the overall project is going to be. Also, are you paying it in installments or is it as a lump sum?
That location, for that price? Seems too good to be true. Have a look at other prices for apartments available now. Unless you have complete trust in this developer, seems like it could be a scam
Nano bots should not be able to buy shit
Where is thsi building located ?
120m from the main square at 1250eur is definitely a scam.
Prices there are at least 2500eur
Blej ne jug te italise 1 euro. Thjesht duhet te rinovosh banesen
Is this advertisement???
That seems suspicious. I am investing in a real estate in Albanian, paying in installments as well. The property I am investing it’s not inside the City, just 5Km out of it. The price it’s 950€ per meter square and you pay 25% down payment. For only 300€ more per meter square and so close to the city center?! i don’t know, especially if they are saying it’s a discounted price because you are “a friend”.
If you have the money just do it!
I’m going to say only the following.
Vetem dhjami eshte i lire!
That price seems pretty good, do you have a link or contact to see more about the exact location and the builder reputation?