Albania is quickly becoming a European relocation destination for retirees, digital nomads and people who want to start a new chapter in their lives.
And with its untouched nature, low cost of living, Mediterranean climate and growing expat communities, it isn’t hard to see why. It’s easy to relocate to Albania! The government has enacted legislation and policies that simplify the process for foreign investors and property owners who want to own a second home or investment villa in this emerging Balkan travel destination, making the dream of living by the beach in a boutique seaside community more accessible than ever before.
Is it Easy to Move to Albania?
It’s very easy to move to Albania. Albania offers multiple visa and residency options, and Americans are permitted to stay in the country for a year without any visa at all. The 1-year residence permit is simple to obtain and renew, with additional options for property owners, retirees and entrepreneurs who invest in Albania. Combined with affordable real estate, a growing tourism sector, and rising rental demand, Albania is becoming an increasingly attractive destination for investors and those who want to move to Albania.
The bureaucracy here is manageable, especially with help from a trusted local lawyer or advisor, and digital nomads, retirees and foreigners in general find the environment in Albania very welcoming. Infrastructure is scaling up quickly, with a new airport slated to open this year in nearby Vlora (less than a 90 minute drive away), and new roads and highways opening all the time.
Is an Albanian Real Estate Investment Worth it?
Compared to neighboring Italy, Croatia and Greece, real estate prices in Albania are still affordable while offering the same breathtaking Mediterranean views that bring in tens of millions of visitors to this slice of southern Europe every year.
The government’s continuing investment in coastal and resort areas and booming tourism means that high rental yields are all but guaranteed in the next couple of years. While increasing demand from international buyers has started to pump up prices, the market is still in its early stages – though not for long.
Where to Move to in Albania
Tirana is attractive for many who want to be around other foreigners, but the south of Albania has become a popular spot for foreign investors who want to maximize their return on investment. Saranda is especially popular with foreigners, but offers limited return on investment due to the ever-increasing supply of apartments. Folie Village, located along the shores of the iconic Jalë beach, offers curated investment options like sea-view villas, a gated community and modern amenities that make the move to Albania all the easier. Owning a property here can strengthen your residency application, smoothing over the move to Albania.
With Albania property prices lower than compared to nearby locales, it’s no wonder many people are moving to Albania. This country isn’t just a great place to visit, but also a smart European investment location with a high-potential property market.
If you’re thinking about buying a villa in Albania, get in touch with Folie Village today. Our seaside villas in the majestic bay of Jalë are your first step to starting a new life in Albania!
