Property Albania

Investment Property in Albania

Twin Lakes Development, Tirana, Albania

Twin Lakes is an off-plan development on the shores of Tirana's artificial lake. This is one of the most sought after locations in Tirana and Albania. Another essential thing to mention about twin lakes is that apartments are only £40,000, despite the fantastic location.

Summary

Pricing: £40,000 - £47,000
Bedrooms: 1
Development Type: Apartment
Listing Type: Sale

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The Opportunity

This part of Albania is one of the most popular locations in the world to make a property investment, in fact it is becoming as popular as Dubai was a few months back. That is because Albania is a massively under-developed country, now as its development picks up speed, with EU money pouring in for its safe journey to full membership, and NATO membership already under its belt, Albania has become hot news on the property investment scene. Tirana's artificial lake, is exceptionally popular, but other areas in Albania are also getting a lot of interest.

With a price tag of just £40,000 these apartments are easily going to make a 7% annual rental yield for the first two years, it will go up to between 8-10% possibly in the second year, but definitely in 2011. Capital appreciation in Albania has proven to be higher than people thought it would be, 12%-15% is a conservative figure. Albania property is an excellent opportunity, because Albania is going to grow into an industrialised nation, no matter what happens to global markets. The emerging markets of the world are presenting sustainable growth because tightening international finances only make companies, and countries that are growing, like India and China, look to emerging markets like Albania for their basic materials at the lowest prices -- securing the latter's path to industrialisation and taking property up prices with it.

The Property

Twin Lake consists of 28 off-plan 1 bedroom apartments starting from just £40,000. There are elevators, and an intercom system from the apartments to the outside doors, whereby people have to be allowed into the complex. The complex has telephone installation, with access ports in all apartments, and T.V. antennas will be put on the roof for all apartments. The walls dividing the apartments will be 20cm brick walls, internal walls 12cm brick, and all apartments are insulated with double glazing. Interior doors are wooden, and the floors are tiled, as are the bathroom walls from ground to 2 meters high.

The Location

Twin Lake is being built in one of the best locations of any off plan Albania property. Not only is it right on the shores of Tirana's impressive artificial lake, but it is also on the shores of Tirana's dry lake, which will soon be another beautiful lake to admire while you eat breakfast in your new apartment. Tirana's artificial lake neighbourhood is going to become one of the most swanky, prestigious and sought after locations in Europe - The Beverly Hills of Albania.

You are within easy reach of the growing number of schools, colleges, shops, cafe's restaurants and wide array of other businesses and services currently flocking into Tirana. The excellent location also means you will not only get holiday rentals, but also residential lets from students, and people coming into employment in the area.

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