How to Buy Property on the Albanian Coast
The Albanian coastline is attracting attention from international investors and the diaspora. With prices much lower than the Italian or Greek Riviera, Albania offers extraordinary opportunities for coastal property investment.
1. Property Search
The first step is identifying the city and area where you want to buy. The main coastal cities include Vlora, Saranda, Durres, Himara, and Shengjin. Each city has its own character — Saranda offers proximity to Corfu, Vlora has the longest beaches, while Himara has the clearest waters.
Use Homezone.al to search properties by city, price, and category. Advanced filters let you find exactly what you're looking for.
2. Property Verification
Before proceeding with the purchase, ensure the property has proper documentation. This includes the ownership certificate, the situation plan, and the building permit. It's important to verify there are no mortgages or liens.
3. Negotiation and Contract
Once you've found the right property, begin negotiations with the seller or agency. The preliminary contract (compromesso) secures the property with an initial payment, typically 10-20% of the total price.
4. Registration
After signing the sale contract at the notary, the property is registered at the local Immovable Property Registration Office (IPRO). This step finalizes the ownership transfer.
5. Additional Costs
- Notary fee: approximately 0.5-1% of the value
- Registration fee: approximately 0.1-0.3%
- Capital gains tax (if applicable)
- Agency commission: typically 2-3%
Start your property search now