The Best Underrated Locations to Buy Property in Albania

Hidden Gems: The Best Underrated Locations to Buy Property in Albania

Albania’s Adriatic and Ionian coastlines are celebrated for their natural beauty and burgeoning real estate markets. While destinations like Saranda and Ksamil have garnered significant attention, neighboring locales such as Borsh also present promising investment opportunities.

Saranda: A Blend of Vibrancy and Potential

Situated along the Ionian Sea, Saranda offers a dynamic atmosphere complemented by a burgeoning real estate market. The city’s proximity to the Greek border enhances its appeal, making it a nexus for cultural exchange and economic activity. Recent developments have introduced upscale resorts and villas, attracting both tourists and investors. Notably, the opening of the upscale resort Kep Merli in 2021 has positioned Albania as a best-value luxury destination in Europe.

Ksamil: Tranquil Beaches with Investment Potential

Adjacent to Saranda, Ksamil is renowned for its pristine beaches and serene environment. The area has seen a surge in property developments, offering investors opportunities in a less saturated market. Properties here range from small cottages to larger villas, catering to various preferences. The influx of tourism has spurred the development of stylish hotels and trendy beach clubs, providing sophisticated experiences at competitive prices.

Borsh: A Secluded Haven with Untapped Potential

Located between Saranda and Dhermi, Borsh is a tranquil village known for its expansive olive groves and unspoiled beaches. The area offers a serene environment, making it ideal for those seeking a peaceful retreat. While it remains relatively underdeveloped, recent infrastructural improvements suggest a growing interest in the region. Investing in Borsh presents an opportunity to be part of its emerging growth, with potential for substantial returns as tourism and development increase.

Investment Considerations

Foreigners can purchase property in Albania, with the added benefit of obtaining a residence permit for properties exceeding 20 square meters. The legal framework supports transparent transactions, and the cost of living remains relatively low, enhancing the appeal for both investors and expatriates.