Quality property Albania has been waiting for

Albania has been likened to the emerging market of Bulgaria some three or four years ago. The country is at the very cusp of a property boom. European investment is pouring into the region in the millions and the capital city of Tirana is catching the eye of keen investors, especially with EU accession on the cards for 2014.

Location is key, and international property agents Barrasford & Bird Worldwide have released their exclusive Colombo II development within a few minutes walking distance of the city centre.

Albania holds many surprises. Gone are the days of communism, revealing a country and a people that are embracing a bright future within Europe. Rolling countryside, vast and dramatic coastlines and bustling modern cities await to surprise those that visit and visiting is easy with direct flights from the UK. Albania shares the same stunning coastlines as Montenegro and Croatia. Coastal resorts are charming and underdeveloped affairs with potential obvious around every corner.

The capital city of Tirana is where the surprises certainly hold promise. The bustling city centre of Skanderbeg Square is a protected site of great significance. Outside the city limits Dajti mountain soars skyward, drawing in the tourists with its beautiful views and dramatic scenery.

The newly released development of Colombo II is in one of the most sought after residential areas of Tirana. Located within easy walking distance of Skanderbeg square, the development has wonderful view of Tirana and the Dajti mountain. The development is perfect for corporate or residential rentals. Colombo II is built to ISO EU standards, an exceptionally high level for the property market in Tirana. Due to the quality build and the sought after location, a residential rental or corporate rental market would return a projected 11% in rental per annum.

Robin Barrasford, Managing Director of Barrasford & Bird Worldwide comments, “As pioneers of the Bulgarian property market, our experience points to Albania as one of the last pseudo-European countries that will offer excellent returns for investors. While the coastal resorts are an interesting lifestyle choice, the capital city is where we believe the returns will be the highest.”

Colombo II offers one bedroom apartments from €61,000, two bedroom apartments from €76,000 and three bedroom apartments from €120,000. 50% finance is available.

For more information, visit bandbw.co.uk.