Property Revaluation — Complete Guide
Property revaluation is the process of determining the current market value of real estate. This process is important for both sellers and buyers, as it affects the property transfer tax.
Why is Revaluation Needed?
Many properties in Albania have registered values much lower than their actual market value. Revaluation updates the cadastral value, enabling:
- Fair property transfer tax
- Bank mortgage at real value
- Accurate documentation for transactions
How to Apply
The process is done online through the e-Albania platform:
- Log into e-albania.al with your credentials
- Search for the "Property revaluation" service
- Fill in the form with property details
- Upload required documents (ownership certificate, situation plan)
- Pay the service fee
- Wait for the response (typically within 15-30 days)
Costs
The revaluation fee depends on the property type and area. For apartments, the cost is typically 5,000-15,000 ALL (approx. 45-135 EUR), while for villas and larger properties it can be up to 30,000 ALL (approx. 270 EUR).
Important Tips
- Complete the revaluation before beginning the sale process
- Ensure your documents are up to date
- Consult a lawyer if you have questions
- Use Homezone.al to compare market prices in your area
Check your property's value