Did you know that Albania’s real estate market is projected to grow at an annual rate of 6% year over year in the next decade, making it a top emerging European real estate markets?
The numbers are unsurprising, given that tourism here is booming, the government is investing heavily in infrastructure and Albania’s reputation as an exceptionally warm and hospitable country that encourages foreign investment is spreading far and wide.
Keen international investors will find that this up-and-coming European real estate investment destination is the perfect fit for those seeking quick growth in a stable and quickly growing economy that is set to join the European Union in the next decade.
Albania, and especially Folie Village, are a standout choice for luxury real estate investment in Europe if you’re seeking an affordable touristic hotspot that will guarantee steady rental income for the years to come.
Albania Versus Other Emerging European Markets
There are few other countries in Europe offering similar value. Bulgaria, for example, is seeing a luxury market that is growing with a 50% rise in high-end home sales in its capital Sofia, but it lacks Albania’s coastal appeal and lower entry costs. Albania is also far better integrated with the rest of Europe, with dozens of daily, direct flights to London, Vienna, Rome and other major European capitals, which make it easy for foreigners to visit or diaspora Albanians to come whenever they’d like.
Nearby Montenegro, known for luxury coastal properties, boasts good infrastructure but higher price tags in prime areas. The market there is more mature, reducing the upside potential for international investors seeking bang for their buck.
And Croatia, by now a well-established touristic destination, has become increasingly expensive in recent years. Beautiful and picturesque, this coastal enclave has plenty of popular Adriatic villas; the downside is that they are significantly more expensive than villas for sale in Albania.
Albania’s edge comes into play with its lower pricing and higher potential upside. Tourism in the country continues to skyrocket, and pro-growth legislation is enabling international investors to purchase titles and land just as easily as locals.
Albania Luxury Real Estate: A Unique Advantage
Albania has experienced robust GDP growth over the past couple of years, far outpacing the EU average. Rapid infrastructure developments, including the nearby Vlora airport, which is set to open this year, are making the country more accessible than ever before.
The country’s unique blend of cultural and natural appeal also make it an increasingly attractive destination for travelers and investors alike. An investment in Folie Village, the country’s premier real estate project along the iconic Jalë beach, positions investors between soaring mountain peaks in Llogara which overlook the glistening Mediterranean coastline and UNESCO World Heritage Sites, like nearby Gjirokastër and Berat.
With Albania’s highly welcoming stance towards foreign buyers, investors face no major restrictions on urban property ownership or to buy villas in Albania. The process is straightforward and gives you the opportunity to get your foot in the door before prices go up too much.
Prime Minister Edi Rama campaigned on getting the country into the European Union by 2030, a promise he is keen to keep; purchasing a luxury villa in Albania now is an easy way to own property in an emerging market that is set to join the world’s largest trading bloc in a short amount of time.
Folie Village – A Top Luxury Home in Europe
The homes at Folie Village are perfect for those buyers who want to purchase luxury real estate in Europe. The prices in Albania are still competitive compared to nearby countries, and our homes are turn-key. We offer full-service management, helping you rent out your property when you aren’t using it, and have built an exclusive gated community that makes you feel connected to your neighbors in the heart of the Albanian Riviera.
The development’s strategic location along Albania’s beautiful southern coastline offers high rental yields and capital appreciation potential – in nearby Saranda, for example, a typical apartment has appreciated 12% since 2023, and that’s only been suppressed because of the hectic rate of building the city is undergoing.
Exclusive and tasteful, our villas offer you the opportunity to own your own slice of the Mediterranean. Get in touch with Folie Village today to learn more about the villas we have available and to book your consultation!
