View Single Post
  #2  
Old 24-10-2007, 06:08 PM
bulbasaurus bulbasaurus is offline
Active Member
 
Join Date: Oct 2007
Posts: 13
Default

Albania is a minefield with most property being illegally built and being in an earthquake zone......Its a major issue.

I went out and visited the only english speaking agency I could find (Balkimo dot com). The guy running it Mario, is a very credible ex Swiss banker. They have sold a couple of developments via Barrasford and Bird.

They have a development called Terranova - its about Euro 600 psm. I was tempted but the rental market seemed a bit hit and miss so although it was cheap.....but this is probably your safest bet.

In the end I invested in Bucharest.

The coast is cheap again- 500 euro psm but a lot of the developments are quite small. That said, the season is much longer and warmer than Bulgaria - the same as Southern Spain so I can see it being an all year resort one day ( say 5 - 7 years).
Reply With Quote