Why Invest in Albanian Apartments with Professionals
Albania is a beautiful country with many specifics different from the EU. Don't take risks; entrust your investment to professionals with experience and a rich history.
Risks of Buying Property in Albania
Although Albania is rapidly approaching EU standards, keep in mind that it is a Balkan country with its own customs and mentality that could complicate your life more than you might expect!
General Points to Watch Out For:
- If you do not speak Albanian and do not know Albanian legislation well, be cautious. Avoid unpleasant surprises. Without a local market expert, it's almost impossible to verify a property and know exactly what you are buying.
- Strictly avoid paying in cash.
Remember that the purchase is not the end of the process. There are many matters you need to handle on-site throughout the year. - Albanians do not focus on contracts and documents. What is standard for them might be a significant issue for you. Albanians will tell you exactly what you want to hear and won’t lie about it. What matters to them is whether they can use the apartment. Whether it is legally correct is not a concern for them.
- We are not saying that someone in Albania wants to scam you, but we have saved many Czechs who jeopardized their life savings due to a lack of knowledge about local specifics. And it wasn’t the Albanians' fault. It was the Czechs' mistake because they thought everything in Albania works the same as in the Czech Republic. Yes, there is a land registry, but that’s all.
- Keep in mind that you might want to sell the apartment in the future. It is important to know in advance how to proceed and what you are selling.
Specifics of Albanian Properties:
- Vigilance is necessary, and checking contracts and documents is the basis of a good investment (adherence to project documentation, purchase contract, property register excerpt, etc.)
- Settlement of land between the owner and the developer, checking past transfers in the land registry to ensure they were legally correct, truly paid, and not subject to annulment. And that includes annulment of your contract. You need real certainty, not just an Albanian promise that everything is fine.
- A contract signed with a notary does not guarantee that the property is 100% correct. The notary verifies your identity and the seller's identity but guarantees nothing in the contract. They do not bear responsibility for the state of the property; they only verify signatures and act as an intermediary for the exchange of money.
- New development projects (even completed ones) often do not have occupancy permits and are not properly registered in the land registry. The developer has not yet paid off the loan and does not want to pay the fees for registering the new property. Therefore, they are happy to sell you a completed property with a promise of soon delivering the property title. But the promised three months usually turns into four to five years between completion and actual registration in the land registry to ensure your ownership rights are 100% protected.
Only 32% of Local Market Properties Meet Our Criteria
We have learned to pay great attention to selecting apartments for our clients, the quality of their fittings, and the details that Central Europeans expect as a matter of course. We adhere to our standards, which is why we guarantee:
- Verification of ownership rights,
- Property in excellent condition – quality construction, as well as good condition of common areas or functional elevators,
- Adherence to project documentation
- Sale only of apartments where we would move in ourselves,
- We have set standards for what an apartment must contain to meet the needs of a 4-star hotel,
- Delivery of a fully furnished apartment within 6 months.
We Are the Leader in the Czech-Albanian Real Estate Market
Why Work with Us:
- We are a Czech company that knows Albania like the back of our hand, and our valuable knowledge is available to you. You come with only keys and swimwear; we take care of everything else.
- We have a professional team and two permanent offices with Czech-speaking staff in both Prague and Albanian Durrës.
- We understand the complex legislative side of the Albanian market and only sell guaranteed properties with no risk.
- We navigate the confusing offers and select only suitable apartments with all necessary attributes.
We strictly eliminate local cash payment practices at the edge of legality, handling all payment processes through banking institutions (both Czech and Albanian). - We have real results, a strong position in the Albanian market, and resulting benefits for our clients.
We connect Albanian reality with Czech expectations. Therefore, only 32% of properties on the Albanian real estate market pass our legal screening. We exclude the rest due to incompatibility and legal uncertainties. Absolute legal certainty is our top priority.
What We Do:
- We provide comprehensive service from selling property through apartment management and rental security to travel agency services.
- We manage and maintain your property, including technical maintenance, repairs, and of course, cleaning.
We handle short-term tourist rentals of your property, including check-in/check-out and cleaning after tourists. - We are a professional company in the field of real estate sales in Albania. We ensure legal verification of the property and represent the client throughout the apartment purchase process.
- We carry out renovation and furnishing of apartments to a turnkey standard, from construction modifications to cutlery and bedding, with our own staff.
If you have any further questions about purchasing an apartment, we are at your disposal.
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