All the buzz around Saranda and the south of Albania has generated plenty of interest in the real estate world recently, and with good reason. This sun-drenched city on the Greek border sees over 300 days a year of sunlight and is home to some of the country’s most iconic and well-known beaches.

While construction in this port city has boomed, with foreigners streaming in to capitalize upon the new global interest in the south of Albania, there are some caveats many aren’t aware of when buying apartments in Saranda. In this blog post, we’ll explain the benefits of investing in Saranda real estate as well as the drawbacks.

If you’re considering investing in the south of Albania and are looking for long-term return on investment, read on to discover the pluses and minuses of buying a home in Saranda and where to find the best investment in this corner of the Balkans.

The Benefits of Buying Real Estate in Saranda, Albania

Let’s face it – the southern Albanian coast is stunning, and people from all over the world are attracted to the natural beauty of this part of the Ionian coast.

Some of the best sea views in the Mediterranean can be found here – the calm, turquoise waters of nearby Ksamil and views of the Greek island of Corfu in the background make this a highly desirable destination for travelers and investors alike.

The booming tourism economy that’s taking over Albania means that the region is guaranteed to generate rental income from short-term stays, AirBnB bookings and even long-term rentals from expats looking for more bang for their buck as they relocate from the United States and Western Europe as well as tourists seeking beach holiday fun.

Saranda offers a low cost of living, with rentals and everyday expenses cheaper than in neighboring Greece or Italy. Dining out, utilities, and basic services remain affordable – even as demand increases – making it an ideal destination for retirees, digital nomads and anyone looking to stretch their budget without sacrificing lifestyle.

Thanks to its ferry connection with Corfu, Saranda is also one of the most accessible cities in southern Albania. You can be on the Greek island in under an hour, which adds tremendous value for those who want the charm of Albania with easy access to the European Union for flights, shopping or medical services.

What to Watch Out For When Looking at Saranda Apartments for Sale

But there are downsides to buying Saranda apartments or villas. Saranda has seen a boom in construction the past couple of years, depressing the value of existing rentals and keeping prices relatively low. The lax zoning regulations and ease with which supply is growing in the city and its environs mean that purchasing Saranda real estate is less likely to provide high returns in the near future.

Many of the new buildings and projects going up in Saranda lack permits or violate zoning laws, leaving investors in legal jeopardy should lawsuits or conflicting claims arise around the validity and legality of the real estate development.

Much of Saranda is overcrowded in the peak summer season, making it less enjoyable for investors who are looking for a pied-à-terre where they can enjoy the cool waters of the Ionian. The glut of cheap apartments draws in visitors from all over Europe who are seeking easy and affordable access to the water and low-cost places to stay as they explore the region.

And finally, not all of the apartment complexes here offer quality property management services for landlords who are relying on local companies to rent out their properties for them, making the prospect of remotely managing your investment a lot more difficult.

If You’re Considering a Saranda Villa, Look Into Folie Village

If you’re in the market for a villa in the South of Albania – especially one that offers exclusivity, quality, and peace of mind – Folie Village, in the same region as Saranda, is worth your attention.

Unlike much of the chaotic new development in Saranda, Folie Village is a gated, master-planned community designed for discerning international buyers. Each villa is constructed with premium materials, premium property management services and attention to detail that sets it apart from most offerings in the area. Each one of our private villas and seafront apartments comes with an infinity pool, private parking and sea views with access to commercial spaces such as shops, bars, cafes, restaurants, as well as amenity spaces. 

Nestled between Saranda and the famous beaches of Palasë and Dhërmi, the development sits on the half-crescent beach of Jalë, blending luxury living with natural beauty. As part of a private community, buyers also enjoy security, shared amenities and long-term property management services – perfect for part-time residents or investment buyers looking for elegant living along the Ionian coast that also promises long-term return on investment.

For those seeking the beauty of the Albanian Riviera with the added peace of mind that comes from buying in a well-planned, high-quality development, Folie Village offers a secure and sophisticated choice. Get in touch with our team today to learn more about our premium villas in the south of Albania.