Is Albania Property Market Effected by Recession or Credit Crunch?

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Due to the low prices, improving infrastructure, NATO membership and expected EU membership in the near future as well as current western European market conditions Albania is having more and more demand as the prices are at lower point and are only expected to increase as the economy is growing rapidly.

Albanian real estate is also benefiting by not having in the past any real mortgage finance availability therefore the market is not affected by Credit Crunch which puts Albania in stronger position for investment.

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On 1st April 2009, Albania did become a full member of NATO Alliance. NATO membership is a big step forward and the greatest achievement for Albania.

With a full membership now approved Albania is a better place to invest. As a NATO member there will be more guarantees and confidence for investors in all fields. The next goal for Albania is to become a member of the EU.

Albania has seen many changes in the last decade or so, with tourism increasing plus many major investments in various sectors, which are helping to create many jobs throughout the region.

This is expected to be just the beginning for Albania which has everything to offer from stunning coastline, two Seas (Adriatic and Ionian seas), excellent climate, natural resources, rich history and great hospitality.

Albanian government have announced that they will assist and provide interest free loan/mortgages to 6000 homeless families throughout Albania which will be a further strength on the Real Estate property market and will increase the re-sale demand for the local market.

If such proposal will happen, this will create a huge demand for property for the local re-sale market.

Albania Properties (local Estate Agents) do recommend that Albania will continue to offer the best property investments for 2009 and beyond due to a strong local market demand which keeps the market moving.

Furthermore, Albania property market is mainly based on local market demand therefore Buy to Let apartments (especially in Tirana) are such a fantastic investment.

With almost one third of the Population being expats, most of them wanting to have a property back home.

For any specific property or Albanian investment request you can visit Albania Properties website: Albania Property, Albania Property for sale, Albania Land for Sale, Albania Apartments, Tirana Albania Properties. or Albania Property, Albania Property for sale, Albania Land for Sale, Albania Apartments, Tirana Albania Properties.