The Czechs discovered a new Croatia. Where to buy an apartment by the sea?
Czechs love Croatia and vice versa. But mass raids on the Adriatic coast have caused many people to look for other quieter destinations. Albania, which is currently experiencing a huge boom in infrastructure, tourism and gastronomy, is gaining attention, with aging tourism being one of the pillars of the local economy.
We tend to look at Albania as a neglected island in the Balkans. Despite past prejudices, Albania is now a safe and hassle-free country. Thanks to accession talks with the EU, Albania is rapidly raising the standard of service, while maintaining very favorable prices. The hospitality of the local people, monuments referring to the Roman and Ottoman history of the country and Mediterranean cuisine suggest that Albania can offer the same even more as Croatia's favorite Croatia.
Improvement of conditions for tourism has attracted more enterprising Czechs, Albanian real estate agencies are already seeing increased interest in demand for investment real estate. Real estate prices have risen 30 percent in the last three years and further growth is expected.
The relocation of private investors from overcrowded Croatia to the south is a long-term trend that has had a positive effect on the Montenegrin coast, which has developed tourism thanks to EU support. This resulted in rising prices for real estate and apartments to prices similar to those in Croatia - an average of 2,500 euros per square meter.
Today's prices in Albania on the coast are around 1000 EUR per square meter. This is a very favorable price for a new apartment in Durrés (Durres), where a direct line from Prague flies. In the next five years, we expect an appreciation of EUR 2,100–2200 per square meter, ”says Daniel Mikulka for Successful Investments.
The interest of tourists was also supported by the expansion of air connections with Europe, including low-cost flights from Prague, Berlin and Vienna with a frequency of 2-3 times a week.
Durres on the Adriatic coast, with its almost 3,000-year-old history, has ambitions to become the capital of Albanian tourism. The historical part of the city will be transformed into a tourist zone with a modern promenade, a passenger transport terminal and a mooring for private yachts.
The offer of apartments is, for example, wide in Drač. It is a new building in a modern neighborhood close to the beach and promenade full of shops, restaurants, cafes, stalls and bars.
“From the airport you are on the beach in half an hour. You go on holiday to a place that is yours. When you are not heading to the sea, but tourists are flying there, you can rent an apartment, "describes Daniel Mikulka.
THE FUTURE EUROPEAN TIGER?
Economic indicators predict Albania as another promising destination for trade development.
The Albanian economy is currently growing at a rate of 4.4 percent of GDP year on year. One of the biggest drivers of growth is tourism, which accounts for 14 percent of the Albanian economy. The country has opened accession talks with the EU, and important reforms are under way to revitalize growth and create jobs. In Albania, the Swiss and the Dutch invest the most. Of the Czech companies, the Czech company Forschner does business in Albania, and Preciosa, Budějovický Budvar, Paramo and ŠKODA are also represented here.