1. Can foreigners Buy Real Estate in Albania?

Yes, foreigners can Buy Real Estate In Albania without significant issues or restrictions. Nevertheless, there are certain rules for agricultural land. The most important aspects of buying real estate in the Albanian property market is that it does not include taxes for buyers when they buy, low annual property taxes, and the possibility of getting a residency permit after buying the property. Prices can vary a lot based on the location, quality of construction, and also the developing company as well. That is why we higly recommended to contract an Experienced Albania Real Estate Agency and a Local Lawyer to lead you and assist throughout the the buying process.  

2. Foreign ownership and restrictions

• What can they buy: Foreigners can buy apartments, houses, villas and commercial properties freely.

• About agricultural land: they cannot purchase directly agricultural land as an individual. Yet, they can still invest in such type of real estate in case the land is within an urban zoning plan or through an Albanian registered company (which can be onwed without ristrictions up to 100% by a foreign individual or company).

3. Can I get a mortgage in Albania as a foreigner?

Getting a mortgage as a foreigner to fund Buying A Property In Albania can be very challenging indeed. The major part of Albanian Banks do not consider at all foreigners and can disqualify you right away. Hence, under certain circumstances this can be different even though the process can usually take longer than an Albanian citizen resident in Albania: developer may have special relation with a bank which are financing the developer in the developing of a certain project, or developer can use its own collateral to support the foreign buyer to meet the criterias set by the bank. It's best to consult with Albanian real estate agents with experience in dealign with banks, or a local bank or a financial advisor for more information on this matter.

 4. Where to Buy In Albanian Property Market- in which city area? 
The most attractive area for foreign buyers can be:

• Lalzit Bay (Gjiri i Lalzit - In Albanian), which is an area developed with resorts with villas and apartments in low constructions of 2-3 floors. Some of the best resorts have been built in Lalzit bay area like Valamar resort, San Pietro Resort, Melia Hotel, Lura 1, Lura 2, Lura 3 and Perla Resort.
  Selling Prices for Apartments For Sale In Lalzit Bay are ranging between 2000 Euros per 1 sqm up to 3000 Euros per 1 sqm. 
  
• Durres city - the 2nd largest city in Albania. The port of Durres city is the biggest and the most important gatway in and out of the country. It holds a very good tourism infrastructure with lots of big size hotels. 
  A great city with lots to offer to the holiday makers.
  Selling Prices Of Apartments For Sale In Durres City are ranging between 1500 Euros per 1 sqm up to 3000 Euros per 1 sqm. 
  In order to look for properties at more affordable prices you should consider neighbouhoods like Plazh, Shkembi i Kavajes, Golem and Qerret.
• Vlora city and its surroundings  - the biggest city on the southern coast of Albania. 
  Its building fast the 2nd airport in Albania which will give big boost to the real estate and tourism development in the south of the country.
  Price range at min 1500 Euros per 1 sqm up tp to 3500 Euros per 1 sqm in the promenade of the city. 
  It has a long promenade that streaches on the coastal part of the city, and nowadays there is construction works going on to connect Vlora city with the small town of Orikum through the same promenade. This might result in one of the longest promenades in the whole Mediterranean, with a total of approx 19 km.
  
• Albania Riviera (Dhermi, Palasa, Himara and Qeparo) - the most beautiful area in the Albanian coast. It is characterized of deep blue sea water and pristine beaches. 
  The famous village of Dhermi where there are resorts being built as well as small developments. The area has been going up through a sharp increas in selling prices after the comencing of the works of Llogara tunnel which is cutting the driving time to reach Dhermi beaches. 
  Price range at min 3000 Euros per 1 sqm up to 6000 Euro per 1 sqm on the beachfront.
  The most recent apartments and villas are being built in the resorts like Green Coast 2, San Nicolas, Santorini 2 with average prices at 3300 Euros per 1 sqm for apartments and 5500 Euros per 1 sqm for villas.
  
  
• Saranda City - the city which is being developed with real esate and toursim infrastructure in the most southern part of the Albanian coast. Price range at min 1500 Euro per 1 sqm up to 3500 Euro per 1 sqm on the beachfront. 
  The famous Ksamil, only 15 minute drive from Saranda. It attracts thousands of toursits every holiday season.  
  It is developed as a holiday retreat with an orientation mostly to the "family" with lots of residences with holiday rentals. 
  Price range at min 
  While it is difficult to speak about average prices due to the wide range of properties and neighbourhoods and vary a lot from each other we can say that you need to calculate at least 2000 Euro per 1 sqm in order to find a good Apartment For Sale In Saranda with a decent sea view. 

• Golem area - a small town approx 10 minutes drive south of Durres city. It is considered as a part of Durres Greater area with its long sandy beach and a developing toursim infrastructure.
  Currently, Golem is known to have the Cheapest Property Prices In Albanian Real Esatet Market. 
  Price range at min 1000 Euros per 1 sqm up to 2000 Euro per 1 sqm on the beachfront.
  In general you can expect good quality properties in the range of 1300-1500 Euro per sqm.