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	<title>Albanian Property .al - News and Information - Albania Properties And Real Estate Investment Market &#187; Economy</title>
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		<title>Albania Property Market has Fared Better than Most during Economic Downturn</title>
		<link>http://www.property.al/2010/06/albania-property-market-has-fared-better-than-most-during-economic-downturn/</link>
		<comments>http://www.property.al/2010/06/albania-property-market-has-fared-better-than-most-during-economic-downturn/#comments</comments>
		<pubDate>Tue, 29 Jun 2010 08:34:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.property.al/?p=192</guid>
		<description><![CDATA[There has been a guest post on the blog of the real estate company called Property Frontiers that says that the Albanian property market has actually fared a lot better than in most countries during the recent economic downturn. The post was by an Albania based estate agent and it explained that in particular, Tirana [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.property.al/wp-content/uploads/2010/06/albanian-apartment.jpg" onclick=""><img class="alignleft size-medium wp-image-194" title="albanian apartment" src="http://www.property.al/wp-content/uploads/2010/06/albanian-apartment-201x300.jpg" alt="" width="201" height="300" /></a>There has been a guest post on the blog of the real estate company called Property Frontiers that says that the Albanian property market has actually fared a lot better than in most countries during the recent economic downturn.</p>
<p>The post was by an Albania based estate agent and it explained that in particular, Tirana had actually done the best with a growth of 5% on prices during the year 2009 and it explained that this is expected to grow even further during 2010.</p>
<p>The rentals market was mentioned in the post too, and the firm explained that Tirana has some of the best yields with more than 10% being achieved. In most of the coastal towns the normal yield is around 7% meaning that Tirana is already achieving yields far higher than average and with the holiday season now in full swing, this is expected to get even higher.</p>
<p>It was also said on the post that the rental management sector is extremely new to the Albanian country and that only new commercial projects in the country are providing management.</p>
<p>The post also commented on the security of the market saying that there is no longer the problem of illegal buildings being built in the country. It said that government authorities are putting more and more effort into making sure that these illegal buildings do not get built and that they will penalise the people building them rather heavily if they find them. It was also said that because this has been an issue in the past, people are being much more careful and not taking risks when it comes to buying property so there is less chance of people buying these illegal buildings.</p>
<p>Lastly, the post commented on the new developments that are being built this year. There are many new developments that are currently being built in the country with many more proposed for the future. Some of these have being held back due to a lack of funding, however, these are only the larger developments.</p>
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		<title>Infrastructure Developments and Projects</title>
		<link>http://www.property.al/2009/03/infrastructure-developments-and-projects-in-albania/</link>
		<comments>http://www.property.al/2009/03/infrastructure-developments-and-projects-in-albania/#comments</comments>
		<pubDate>Sun, 29 Mar 2009 17:18:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://www.property.al/?p=84</guid>
		<description><![CDATA[In the last few years there has been a steady and dramatic rise in tourist activity, construction and infrastructure development within Albania. While property prices and tourism rank lower than most of the major European countries, Albania is steadily climbing the charts and is primed to become an economic powerhouse. The government has drastically increased [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-90" title="dev" src="http://www.property.al/wp-content/uploads/2009/03/dev-300x214.jpg" alt="dev" width="300" height="214" />In the last few years there has been a steady and dramatic rise in tourist activity, construction and infrastructure development within Albania.  While property prices and tourism rank lower than most of the major European countries, Albania is steadily climbing the charts and is primed to become an economic powerhouse.  The government has drastically increased its expenditures relating to infrastructure in order to boost economic growth.</p>
<p>There have been major developments especially with regards to road construction and maintenance, airports, ports of entry and telecommunication systems. All this public investment has created a very healthy and positive environment to lure foreign investors.</p>
<p>When it comes to energy developments and environmental concerns, not much has been done within the country for close to 30 years. However, the government has recently set in motions to construct an all new and high tech thermal energy plan within its borders. Increased investment and building developments have put an increased strain on the energy infrastructure within the country and this project should help a great deal in alleviating the concerns.</p>
<p>Although there have been a number of obstacles to overcome in the post-communist environment in Albania, the construction industry within has become an economic powerhouse.  Necessary construction caused by periods of civil unrest and an increase in United Nations financial support has allowed the construction industry to become a staggering success. Foreign investment has paved the way for new developments such as the Kukes airport, the creation of the ports of Durres and Vlore and tourism has created the need for a new wave and hotels and activity facilities.</p>
<p>The tourism industry alone has made it possible for all these developments to occur and the amount of visitors to the country each year is still on the rise. Easier access to the country through the construction of the Kukes airport and new ports will continue to draw more and more tourists to the country and thus, more foreign investment.</p>
<p>The new infrastructure developments within the financial sector have increased the appeal of Albania to foreign investors.  Hotels and tourist attractions have been springing up all over the country in order to attract tourists to the beautiful coastline and historic culture that are inherent in the country.  The infrastructure that has recently been put into place fully protects foreign investments and has been the building block for the country’s recent success.</p>
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