Buying a house in Albania in 2020: how much is it convenient?

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In these times investing in real estate in Albania is a constantly growing trend.

There are many reasons for this choice, from lifestyle, infrastructures, then to tax breaks. In fact, it is no coincidence that the companies managed in Albania by foreigners are increasingly numerous, witnessed by the agencies that show that more and more foreigners, mostly of Nordic origin, are attracted by the possibility of a cheaper life.

SIMEST: Support without guarantees for Entrepreneurs in Albania and Kosovo

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Simest, thanks to the possibilities offered by the Relaunch Decree, notwithstanding the current legislation, until 31 December 2020 will not require any guarantee for the companies that will apply for a subsidized loan aimed at the internationalization of their company.

The Subsidized Loans are granted up to 25% of the turnover value (with a limit of 2.5 million Euros), with a duration of 6 years, one of which is pre-amortization, at a symbolic rate equal to 10% of the Euribor, and thanks to the important derogation now in force, no guarantees are required to support the repayment of the Loan.