DSR Asset Management

Investment Property in Albania

Albania steps outside the emerging market mould in that several regions in the country are emerging and simultaneously becoming some of the hottest news on the overseas property investment scene. Generally a market’s emergence begins only in the capital; Albania’s capital Tirana has not broken that rule other than it is not the only area expanding rapidly.

Albanian property

We can only hope that what seems to be triggering the boom in Eastern Europe will spread around the globe. Some Eastern European countries’ economic growth was first triggered by the break-down of the soviet union and the fall of the Berlin wall, countries like Ukraine and Bulgaria were able to capitalize on the current boom in tourism brought about by the budget airlines, which in turn brought about a boom in overseas property investment. Meanwhile, countries like Albania, long marred by violence and tensions, both regional and internal troubles with the Kosovan Albanians, all preventing it from capitalizing on the potential for growth. It seems that having watched Bulgaria and Ukraine and other countries in the region experience a boom in foreign investment, the government set upon doing everything in its power to quell the tensions to make things better in the country as a whole. It succeeded, real GDP growth is strong around the 6% mark, and the country is becoming very popular with tourists. The low property prices and potential for great growth in tourism is attracting overseas property investor.