Real Estate Market in Albania

The recently booming Albanian real estate market, mainly propelled by low prices, strong demand and high yields, faced a slowdown in 2009 and the beginning of 2010 under the effect of the global economic crisis and the restrictive regime for issuing of building permits in the capital Tirana. In 2010 the market revived, driven by the residential segment and the efforts of government to attract foreign investors. The office and retail real estate markets however experienced a standstill with lack of new supply and fall in rental rates.

Contents

CHAPTER 1 - OVERVIEW

Section 1. Industry Overview
Section 2. Economy Overview
Table 1: Main Economic Indicators - Albania
Section 3. Geography
Section 4. Major Developments
  Regulations

CHAPTER 2 – LEADING COMPANIES

CHAPTER 3 – SUPPLY

Table 1: Building Permits by Type of Building and Floor Area (in sq m);
Table 2: Building Permits by Type of Construction and Value (in mln ALL)
Section 1. Residential Real Estate
Table 1: Number of Completed Residential Buildings
Section 2. Office Real Estate
Table 1: Major Office Buildings in Tirana in 2010;
Table 2: New Projects in the Pipeline in Tirana in 2010
Section 3. Retail Real Estate
Table 1: New Projects in the Pipeline in Tirana in 2010 (deadline unknown);
Table 2: Shopping Centres in Tirana in 2009
Section 4. Industrial Real Estate
Table 1: Major Industrial Park Projects in Albania

CHAPTER 4 – DEMAND

Section 1. Residential Real Estate
Table 1: Average Prices of Dwellings in Tirana (EUR/sq m)
Section 2. Office Real Estate
Table 1: Vacancy Rates in Quality Office Buildings in Tirana in 2010
Section 3. Retail Real Estate
Section 4. Land Market

CHAPTER 5 – INVESTMENTS

Table 1: Building Permits by Type of Construction and Type of Client (2007 – 2009) in mln ALL
Section 1. Residential Real Estate

CHAPTER 6 – ASSOCIATED INDUSTRIES AND FACTORS

Table 1: Share of Tourism in Total GDP;
Table 2: Foreign and Domestic Arrivals;

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Table 3: Foreign Visitors
Section 1. Factors

CHAPTER 7 – FORECASTS

Section 1. Residential Real Estate
Section 2. Retail Real Estate
Section 3. Office Real Estate
Section 4. Land Market

CHAPTER 8 – INDUSTRY REFERENCES Skip to top