Why Albania

Video: Albania Europe's last secret
Albania is considered to be Europe's last secret, nestled in between Greece, Macedonia, 
Kosovo, and Montenegro, and across the Adriatic from Italy,a tourist
destination characterised by an unspoiled scenery of snow peaked mountains, blue and turquoise seas, beautiful beaches, rivers, lakes, forests, ancient villages, castles and a pristine 450 km coastline.
Our coastline is one of the best of the Northern Mediterranean, rivalling those of Italy, Croatia, and our nearest neighbour, Corfu.
 
In the heart of the Mediterranean, on the Adriatic and Ionian Seas, Albania is fast becoming one of the world's most interesting getaways.
Still relatively unspoiled by globalization, tourists will notice an inspiring mixture of civilizations and cultures - making this European country truly unique.
 
As well as stunning nature, Albanians themselves are famous for their hospitality, and tourists are welcomed with heart-warming generosity.
Recently Albania has put itself firmly on the map, both as an increasingly popular tourism destination, and an emerging market on the international property investment scene.
 
Things  investors look for are rapid growth, and/or reasons and factors that make rapid growth in the near future probable.
In the case of Albania, these factors include:
  • Solid expected rental returns (6%+ est.) and strong local market
  • Capital Growth Forecasts of 20% by end 2011.
  • Member of NATO in 2009.
  • Entry into the North Atlantic Treaty Organizatio
  • On target to join the EU in 2014/ 2015.
  • No restrictions for foreigners to buy apartments
  • Low Capital Gains Tax of 10%, Very Low Buying & Running
  • Costs Currency is stable and strong.
  • Democratic government.
  • Wage growth approx 10% pa.
  • The population is increasing – especially working age.
  • High levels of education – Literacy Rate is 93%
  • Relaxed Lifestyle and Culture.
  • Growing consumerism and mortgages for locals.
  • Booming tourism – expected 5.6% growth pa until 2017.
  • FDI investment for 2007 was EUR460 million, for 2008 was EUR600 million = 30% increase according to the 2009 statistics,
  • Albanian exports increased to $1.194 billion, and when compared, Albania was the 143rd exporting country in the world.
  • This showed a positive increase from the 2008 reports of $1.345 billion in exports.
  • Albania is already attracting some of the major European banks, which will make financing an investment easier.
     
    Albanian Climate
     
    Albania has a mild, Mediterranean climate. Many visitors will find that it never gets cold in the lowlands.
    The Ionian Cost, in particular, is very clement; with average winter temperatures of 8-10 °C (46-50F).
     
    In Tirana and in other inland cities on the plains, temperature sometimes drops below freezing, but this is usually only at night,
    and it is rare for ice or snow to last more than a day.
    The country enjoys a good deal of sunny weather, with an average of around 300 sunny days each year.
    Most of Albania's annual rainfall occurs between late autumn and early spring; outside of the mountainous areas, it is unusual for it to rain in summer.
    In the summer, visitors often find the inland towns to be quite hot, with July usually being the warmest month.
     
    In Tirana, for example, temperatures occasionally reach 40 °C (104F). Many hotels and restaurants have air conditioning.
    The best places to be in midsummer are on the coast, where sea breezes keep the average temperatures down to a more
    tolerable 25-30 °C (73-86F), or in the high mountains.
    If you have the luxury of choice, the best times of year to come for sightseeing are spring and fall. In autumn the orchards blaze
    with the bright orange of the persimmons and the cooler colors of the citrus fruits, while in spring the apple and cherry blossoms cover
    the roadsides with their pastel-toned blossoms.
    The long spring evenings are a good time to enjoy the terrace and sidewalk cafes which are ubiquitous throughout the country,
    while in September and October it is still warm enough to swim on the southern coast.