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Vlora, a prime investment hub for global investors

by | Apr 11, 2024 | Blog | 0 comments

The real estate market in Albania is a crucial sector for the country’s economy and has been the focus of most investments for over a decade. The Bank of Albania’s data shows that last year alone, businessmen and individuals from abroad invested over 1 billion euros in Albania, with nearly 55% of the total investment focused on real estate, manufacturing industries, and financial activities. The real estate market was the top spot in terms of investment, with 222 million euros, followed by the manufacturing industry with 200 million euros, and financial activities came third with 166 million euros invested. Investors are mainly drawn to the Albanian coastline, particularly the city of Vlora and the entire Albanian Riviera, which are considered preferred areas for investing in property. This choice is influenced by the potential development of the area, the increasing value of properties, and the realization of increasingly ambitious projects that are guiding the community towards a premium lifestyle that combines elegance with comfort.

One of the projects that attracts investors is Vlora Marina, a mixed urban project in the heart of the city of Vlora. Investors are attracted to this project because of the secure return on investment through specific programs managed by professional teams and financing facilities. For example, the rental program allows anyone who owns an apartment to use the property to generate income. The program is fully managed by a dedicated team through the agreement of a management contract. In recent years, the value of coastal properties and rents has been steadily increasing, making Vlora Marina a profitable investment opportunity.

Another unique property ownership program offered exclusively by Vlora Marina is timeshare. Anyone who owns an apartment in this complex can have endless opportunities for vacations without the financial commitment and stress of buying a second residence.

Property financing is also offered to individuals toward investing in this project. Through collaboration with various banks in Albania, Vlora Marina offers financing options without collateral for both residents and non-residents.

According to experts, the real estate sector is expected to lead in terms of investments this year as well. Albania is increasingly becoming a year-round tourist destination, as evidenced by the high influx of tourists in January. According to INSTAT data, foreign tourist arrivals increased by 70% in January of this year compared to the same period a year ago. This demonstrates that Albania has already entered the stage of year-round tourism.

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