Albania: The last property secret

Enjoying the same dramatic coastline as Montenegro and Croatia, and languishing less than sixty miles from the Italian coast, Albania has previously been overlooked by the investor spotlight in favour of its headline grabbing neighbours. Yet with Albania scheduled to join the EU and NATO, hundreds of millions of Euros being invested by the EU and low property prices, Albania’s stunning potential is no longer a secret.

Barrasford and Bird, the Devon based agents that pioneered the Bulgarian property market over three years ago, are one of the first agents to recognise the huge potential of this emerging property market. Robin Barrasford, Managing Director of Barrasford and Bird Worldwide, says “Albania is an amazing opportunity that I believe to be unrivalled in the overseas property market today. As one of the first agents to recognise the potential of Bulgaria long before the boom of recent years, our experience tells us that Albania will see huge investment over the coming years. So excited are we by this new market that we confidently predict early investors will treble their money in three years.”

Albania has an abundance of character to offer, from the bustling capital city of Tirana with the majestic Mount Dajti dominating the surrounding landscape to the stunning historic port of Vlores. Tirana is currently experiencing huge investment in infrastructure, with millions of euros being invested by the EU. A new international airport opened this year, accepting flights from worldwide destinations. New roads are being constructed to allow faster access to and from the business hubs of the country and entirely new districts are being constructed in the capital city to supply the demand for city centre apartments.

Barrasford and Bird Worldwide are marketing the development ‘Terranova’. Situated in Tirana, Terranova is a modern apartment building offering the highest standards of modern city living. Terranova benefits from over 150 quality apartments for residential use with ground floor commercial premises offering upmarket boutiques and cafes. Ideally situated in the heart of a multi-million Euro development project located within a short walk to the city centre, Terranova represents a perfect entry point into this emerging market.

Prices at Terranova start at £28,565 for a 75.17 square metre apartment and rise to £50,658 for a 110.11 square metre apartment. Finance is available for up to 60% of the value of the property.

Terranova is available through Barrasford and Bird Worldwide. The Devon based overseas property agents market properties from various worldwide destinations including the Caribbean, Malaysia and Europe and are founding members of the Association of International Property Professionals.

For further information, visit bandbw.com.