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

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. This is why more and more people are choosing to invest, buy a second home or move, alone or with their family, to the land of the Pelasgians.

Among the various reasons certainly includes the possibility of buying a property near enchanting coasts, with clearly competitive prices, when compared with Europe, around 30,000 / 40,000 euros. Secondly, another reason that makes it such a popular choice is its geographic location. Corfu, for example, is within walking distance of Saranda, as well as destinations such as Croatia and Montenegro can be reached with great ease.

Let’s talk about the cost of living. It is true that there has been a small increase compared to previous years. But the latter does not in any way affect the fact that tourists can relax and enjoy their holidays without spending excessive amounts. Making a comparison with Italy, the cost of living in Albania is 47.86% lower, while rents are 61.79% lower than in Italy (average data for all cities) “.

Who are the buyers?

By making specific reference to what the study agencies of the territory report, it seems we can identify a strong growth in real estate investments by retired foreign citizens. Another category of buyers is that of real estate investors, those who seek to earn from purchased properties located near the coast, benefiting from the increase in prices in the summer.

It is a good investment! There is no doubt that in the summer it is possible to make the properties profitable, obtaining a substantial income from rent or resale. This is why it is not surprising that real estate investments concern not only popular destinations, such as the “traditional” Saranda, Himara or Tirana, but also cities such as Valona, ​​Lezha and Durres.

Among the best destinations in Albania, the most popular and the best destinations are: Tirana, Saranda, Vlora, and even cities such as Durres, Ksamil, Dhermi and Shkodra. Cities such as Vlora and Saranda represent the tourist destination par excellence. The ideal place, therefore, to buy a second home for the holidays or a property to rent.

In Tirana, on the other hand, where the majority of the population and business activities are concentrated, tourists flock to the streets of the “block” (area of ​​clubs and restaurants) making it one of the most coveted and popular places for buying a property.

Let’s do some reflections on why investing in property in Albania:

From a geographical and purely strategic point of view, today the position of Albania is considered very interesting as it acts as a bridge between Europe and the Balkans.

The maritime accesses are from the port cities like Durres, Saranda, Valona and Shengjin! The port of Shengijn, the northernmost of Albania’s four ports, located only 10 miles from the Montenegrin border, is one of the deepest in the Mediterranean. It must be added that investments in infrastructure are growing and this will allow an improvement in the connection not only within the country but also with neighboring countries.

Another advantage concerns the cost of labor, we can say that today in Albania the cost of labor is among the lowest in Europe, on average € 350 per month, and this represents a huge incentive for companies.

But that is not all. The Albanian tax system is very favorable, companies are required to pay 15% tax and for those who decide to invest in 5-star hotels, the tax is 6%. As regards small businesses, we can say that the tax regime is even more advantageous. In this regard, it should be emphasized that the Albanian tax system does not place any discrimination between workers and investors, be they Albanians or foreigners.

For investors interested in opening a company in Albania, the process to follow is simple and fast and, in some cases, in fact, it only takes one day at a cost of less than € 1. To date, more than 600 companies are managed by Italians. In general, this constantly growing country has long since become a destination for specialized personnel, such as cooks and doctors, who find satisfactory working conditions here.

Buying a house in Albania: yes or no?

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HLB celebrates winning ‘Network of the Year’


LONDON – HLB, the global advisory and accounting network, is proud to announce that it has been named ‘Network of the Year’ at the 2020 Digital Accountancy Awards. The award was presented at the virtual ceremony which took place on 30 September.

Team HLB were also celebrating with Dr Frances Ellington of HLB USA who was awarded ‘Young Accountant of the Year’.

Widely regarded as the industry’s premiere awards programme, the Digital Accountancy Awards celebrate excellence in the accounting profession.


For HLB, the ‘Network of the Year’ award is in recognition of a milestone year. To be considered for this award, nominees had to demonstrate the execution of profitable growth strategies, be recognised by the industry as a reputable brand and have excelled in a number of key strategic and operational areas. In 2019 HLB saw the network celebrate its 50th anniversary, achieve a 7% increase in revenue, taking our global combined turnover to US$2.93bn. In fact, we reached our 2020 performance objectives we had set for ourselves a year early, which led us to develop and launch our new holistic growth strategy, Shaping our Shared Future.

Commenting on the win, Corney Versteden, HLB Global Chairman, said: “I am immensely proud that HLB has been recognised as ‘Network of the Year’. 2019 was a monumental year for us and we looked forward to building on the fantastic achievements we had made. But we all know that 2020 has been an unprecedented year for everyone and I’ve been humbled to see how our network has come together to support not only each other but our clients during these extraordinary times. This award is truly a reflection of all the hard work and dedication of our people from all over the world and it shows the strength of our tagline ‘Together we make it happen’”.


About HLB

HLB International is a global network of independent professional accounting firms and business advisers. Formed in 1969, we service clients through our member firms in 158 countries, with 29,363 partners and staff in 795 offices worldwide.

Learn more about us and tell us what matters to you by visiting

HLB refers to the HLB International network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details.

© 2020 HLB International limited. All rights reserved.

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