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Old 05-01-2008, 08:31 PM
Stingo Stingo is offline
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Join Date: Jun 2007
Posts: 28
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Hi Sean

Albania holds many opportunities for the intrepid investor but like so many investments you should really look towards the mid to long term for your best return on your initial investment. We have a large selection of land in land and on the coast although land parcels tend to be large compared to others that you may see available in certain other countries nearby. Generally the minimum size is around 5000 m2 and with prices on the coast going from between 35 and 200 euros per m2, the price is fairly prohibitive to most other than the bigger developer or consortium.
Local governments are very keen to promote business in Albania and getting planning permission is very easy within reason. Thankfully however there are strict guidelines as to the size of development in the various districts. Build costs are still low and we feel, at Albania Estate, that there is a good opportunity for developing and selling while the market is in its infancy and supply is still low in the most desirable locations.

It is not necessary to start up a local company to buy property in Albania, unless you wish to use the land for a touristic development such as hotel etc.
Corporate tax is however only 10% now and so you may feel this is advantageous. Nearly everyone that buys through us however buys as an individual.

We would be happy to meet you in Tirana to show you land or other investment opportunites with "off plan", should you come over in January. We will be running the first property tour in February, to Albania, also if you were interested.

Rgds
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