Questions and Answers
How much would a property cost me and how big are they?
Kontorer
I de større kontor udvikling de sidste femten år af de første kontorbygninger var Sky Tower of 8,000 sqm (2005), the Twin Towers of 11,800 sq m (2005), the European Trade Center of approximately 9,000 sqm (2006), the G-KAM center of 4,500 sqm (2008) and the Hekla Center of approximately 3,000 kvm (2009). During 2012, no new supply was added to the total office stock, which has been registered at 63,400 sq m since the first half of 2009 after the entrance of the ABA Business Center into Tirana’s Real estate market. Currently, the Grade A inventory comprises the largest proportion of office space with 34,300 sq m against 13,000 sq m of grade B . 16,100 sq m Grade an office buildings in Tirana include Sky Tower, Twin Towers, the European Trade Center (ETC) and ABA Business Center. Nearly 80% of the business towers are located in the Central Business District. The remaining office stock is spread across the broad center and central Tirana.
Projekter i øjeblikket under opførelse forventes at stige på kontoret lager ved en yderligere 238,700 sq m in the next 2-3 år, where Archea Tower is planned to be approximately 12,000 sq m, American BC nearly 3,000 sqm, Mikvmnnium BC 8,700 sqm, TID Tower 15,000 sq m and Tirana Business Park 200,000 sqm.
Residential
In the first half of 2012 Der er udstedt næsten ingen byggeri licenser i Tirana på grund af kommunen nye reformer. There are many reasons why the supply has slowed down. Factors that contribute to this slow down are the lack of construction licenses, economic crisis in the neighbor countries from which Albania has the most remittances, langsomme udvikling på at færdiggøre konstruktionerne fra bygherrer og skrappere finansiering regler fra banker og finansielle institutioner.
Residential property prices in Albania have not seen any changes in the past 2 år. The prices in Albania are quoted in €. New high-end residential developments maintain the highest asking prices of €1,100 – 2,000 per sqm and are located on the best areas. In the mid-market the prices range from €500-700 per sqm. Priserne har været under pres for at gå ned, og vi har observeret et fald i priserne på områder, der har langsomme salg satser. Men i luksus områder er der stadig høje priser og pres fra køberne at sænke den.
Land Market
Det marked for jord i Albanien er steget gennem årene på grund af købers interesse i større områder, mainly for construction of tourist complexes. The agro land asking price vary from €15- 200 per sqm depending on the position, also in relation to the main roads.
The industrial land asking prices vary from €30- 250 per sqm depending on the position, also in relation to the main roads. The plot land asking prices vary from €70 – 1,400 per sqm depending on the position, also in relation to the main roads and to the city. De højeste priser er bemærket i nærhed kystlinje og på siden af de nationale hovedveje.
Som et resultat af den manglende urbane studier og ligegyldighed over for ulovligt byggeri, har der været en kunstig stigning i jordpriserne i turistområderne af landet. With the performing and approval of urban plans in Albania, significant differences in terms of land value within these areas are expected.
Do apartments come furnished?
It would be very unusual to find apartments being sold with furnishing. Considering that competition is becoming stronger and stronger developers are more willing to offer furniture, higher quality works, and therefore accept lower margins. This is a positive sign, and we are witnessing more reasonable pricing and developers thinking of offering more than just accommodation.
Møbler pakker er tilgængelige gennem Albaniens Property Management og vil koste fra omkring 3,500 Euro, depending on grade and amount of bedrooms.
After-sale services include
• Møbler Pakker
• Property Management
• Ejendom Rental Services
Air conditioning costs from 320 Euro per unit but it is sometimes included in the developer’s price. Dog, do expect the following to be included in your apartment: plumbing, electrics, sanitary ware / bathroom tiling, sockets, doors, double-glazing.
How much is the Reservation/Agency fee?
The Reservation/Agency fee is 2,000 Euro for apartments and Land fees 6 % on a sliding scale downwards. This fee is payable immediately on return of the reservation form. On receipt of this money and form, there is usually a cooling off period of 15 dag, in case the buyer, should wish to not proceed with the purchase. Ved modtagelsen af denne afgift Albanian Property Management kommunikerer med udvikling selskab og tager lejligheden ud af markedet. With the next step client can start the legal proceedings in order to finalize the undertaking contract.
What do I get for my agency fee?
Vi arbejder på et sæt reservationsgebyr som modsætter sig til en procentdel, som vi føler, at det straffer højere spender. The fee is small in comparison with other countries.
• Airport transfers arrangements from Tirana to any destination in Albania through our sister company Albanien Taxi
• Accommodation Arrangement
• Market overview
• Property Tour
• Legal advice
• Assistance with arranging finance/opening a bank account
• Power of Attorney option and we can finish the paperwork for you once you leave.
• Discuss After Sale Services through our agency such as: Ejendom & Rental Management, Furniture Packages.
What are the payment terms?
Generally you would pay between 20%-30% of your total purchase after the pre-contracts have been signed by you and your POA. The percentage varies depending on how far the construction is towards completion. Then we try to put other payments in relation with the stages of construction. Therefore payments might follow with another 30% on completion of concrete shell of the residence, 15%-20% on completion of installations, 10%-20% on delivery of the apartment and 10% with registration and receiving of the title deed.
Den endelige betaling, som betales ved registrering af ejendommen tager tid i almindelighed. It comes after completion but what is more important clients can furnish and live in the property before they receive the deeds. Nevertheless the new law which has come into force in 2012 har til formål at forkorte perioden mellem afslutningen og registrering af enkelte ejendomme.
How can I instruct a lawyer?
You would expect to pay from 600-2000 Euro plus expenses for a quality English speaking lawyer in Albania. Price is determined based on how many units you buy. Further to our initial due diligence with a lawyer, in checking paperwork etc, din advokat vil være din kontakt gennem den oprindelige kontrakt procedure indtil din første indbetaling. De vil også være klar til at minde dig om, når yderligere betalinger forfalder, og at presse på for sikkerheden af dine skøder efter afslutningen af projektet. På albanske Property Management vil vi bruge vores eget i hus advokat til at kontrollere papirer, før den ledes ind på de advokater, til endelig kontrol og frimærker.
What is the process after the initial reservation fee is paid?
• Appoint a lawyer;
• Await POA certificate to be sent via email;
• Sign certificate in front of notary in your own country & have the POA apostilled,
• Return POA certificate to your lawyer in Albania;
• Receive by email draft of undertaking-contract;
• Liaise with lawyer for any issues or clarifications & enige om udkastet;
• Afvent præ-kontrakt underskrevet af advokat og udvikler;
• Overfør første rate i udvikleren bankkonto, baseret på med detaljer leveret af din advokat. Andre rater vil følge i byggeperioden.
Kan jeg købe som en enkeltperson eller virksomhed?
De skattemæssige fordele er bedre at købe som en individuel for boligejendomme, however a local company would be needed should you be venturing in securing land. With the latest improvements in the procedure of registering a company in Albania you can register a new company within 24 timer.
What other costs do I need to be aware of?
There is no VAT on your purchase and no transfer tax. Most countries around the world will charge a percentage of the purchase price, when buying a property in their country. This figure can vary from the 2% til 15% in those countries. This is not the case in Albania.
Should you decide to sell the property, there is a Selling Tax (similar to capital gains tax) af 10% payable in Albania, on the difference between purchase and sale. There is also a flat income tax of 10% on the rental income, should you rent your property out. Starting on January 2008 corporate tax was also reduced to a flat 10%, as is income tax. With all this in mind, your only extra fees in purchase will be real-estate agents and lawyers. For total tax and financial advice, Albania Property Group can recommend certified accountants to help you through any questions you may have in this respect
Is there a need for car parking?
Parking is a problem in Tirana and the coastal towns. Vores rådgivning på albansk Property Management ville være at købe, hvis du har råd til det. Det vil være penge givet godt ud som en investering og vil være en vigtig handelsvare, når de sælger eller leje. Prices will vary from 12,000 til 25,000 Euro in capital city Tirana; 10,000- 15,000 Euro in Durres and Vlora; og 7,000- 10,000 Euro in Saranda.
What is the rental market like?
Albania has not been in the world tourist map before. However it has been moving up the league table gradually over the last 4 years and is accelerating fast. A 20% increase of the number of visitors over the last three years, through the international airport in Tirana, proves this. Albanian Property Management has always said that this is the beginning stage for the ones wanting to go for rental income. Anyhow, it is important to understand that on the coast the rental market is not great yet, but it is growing.
Man ville forvente at modtage maksimalt 6% lejeindtægter udbytte i de høje sommermånederne fra bedste egenskaber i de kystnære byer. På samme tid lejeindtægter i det centrale Tirana kan sikkert gå højere, end hvad man kunne gøre i kystnære byer. , men situationen ændrer sig gradvist. Udenlandske aktører er begyndt at samarbejde med albanske rejser & tour selskaber. Når de er i, i større skala, derefter rejsebureauer og ferie programmer vil lovpriser dette fantastiske land, og lejemarkedet vil skyde op i overensstemmelse hermed. Med færger kører dagligt fra Korfu og Italien, og store veje der forbinder alle dele af landet til deres naboer, allerede færdig - turisme er ved at blive en meget interessant og profit-virksomhed.
Approx how much are communal charges?
Expect to pay around 150-200 Euros a year for maintenance in the residences without swimming pool. Then water, electricity, is paid based on consumption and an average monthly bill could go approx 50 Euro, eller 600 Euro per year if the apartment is used during 12 måneder.
Do you organize Property Tours?
Property Tours: Mange af vores kunder har aldrig været i Albanien og ønsker at besøge for at få en fornemmelse for landet, the coastline, cities, its topography, and the various areas for potential investment. Vi byder dig velkommen og anbefaler, at du kommer til landet og tage en af vore "albanske Property Management Tours". 3 kontorer i Albanien - Tirana, Saranda og Vlora.
Ejendommen tour er en "rullende mini-seminar" gennem de fleste centrale områder af landet - fra Tirana, Durres og derefter ned syd til Vlora, Dhermi, Palas, Himara og Saranda. Vores professionelle mennesker har dyb viden om ejendomsret, Property Management, maintenance expenses, and other issues specifically relevant to owning investment property. We believe in educating our clients, not applying high pressure sales tactics.
