Property Albania

Investment Property in Albania

Dajti Views Development

We are very pleased to announce release of the first ever development in the Fresku District of Tirana near the Dajti Mountain. Dajti Views development consist of 100 apartments, commercial and underground spaces and offers fantastic living quality for families and students with all local amenities within walking distance.

Summary

Pricing: £26,000
Bedrooms: 1 - 3
Development Type: Apartment
Listing Type: Sale

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Dajti mountain located in the north east of Tirana city is due to it's dominant and beautiful location highly sought by locals as well as foreigners visiting Albania. The cabled car situated in Fresku district provides trips onto the mountain to Dajti National park where hotels, restaurants and bars are concentrated. Dajti with all it's nature, atmosphere and panoramic views on Tirana offers enjoyable trips for families as well as individuals.

This all makes Dajti Views Residences in District of Fresku an amazing off plan development. This area is considered to be very popular for property investments by foreigners and locals as the fantastic location means purchasing apartment in prestige area.

The project is being developed by a large established and reputable construction and development company who has already developed other projects in the past.

KEY FEATURES:

• Brand New off plan apartments
• In a perfect quite city location
• All apartment with Panoramic views either to Dajti Mountain or views to Tirana
• Apartment sizes from 59.69 - 133sqm
• Prices from only €490/sqm (€33,500 for one bed apt)
• Capital Growth expected 15-20% in 2008
• Underground parking as an option from €8500
• Rental Yields expected 5 - 7%
• Reputable developer with extensive experience
• Only 40% deposit paid at pre-contract
• Full Service, Letting, Management, Snagging and Finance
  Service charges expected €3-5 per sqm per Year
• Non Resident finance/mortgage available with interest only payment options

Unit prices start from £26,000, which is an extremely low price for Tirana or any capital city in Europe which is of €480 per square metre and produces a gross yield of circa 4 - 7%. Albania, thanks to it's latest legislation for property investment is offering mortgage finance to non residents with competitive rates of 7% in euros with interest only payment options also available.

Tirana as well as all Albania is experiencing a strong and healthy property Capital Growth of around 15-20% per year, and in fact Albania has benefited an average 15% growth per year for the last four years. As a matter of fact property in the last 5 years has doubled in value. This growth is being driven and supported by huge demand from local market as well as Albanian diaspora returning back creating even more demand and urbanization.

The development is currently on Skeleton / Shell stages which add more security into the investment and the construction works are well ahead of schedule. The completion is expected last quarter 2009.

Please contact us for more information.

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