Quote:
Originally Posted by fresh1
Hi Yogi, yes, the rental market is coming. I am actually writing an article at the moment on the rental market in Albania, as there are 2 markets - buy-to-let long term and short holiday let. I will be publishing this article next month.
But yes, you are right, for buying coastal properties in Albania, you can do well to rent it for the holiday season and use it yourself outside the main season.
Yes Albania is family friendly, the restaurants and food are excellent - no McDonalds or other horrible food - it's all organic (for the moment). Lots of fish, salad, lamb, beef and fresh vegetables. There is also a strong influence from Greek food and Italian food.
I havent needed the health care yet, but I havent heard anything particularly bad. Infrastructure is improving - new highways between the main towns are under construction and will be fantastic when finished. This should be around 2010, and some around 2011, maybe sooner.
I guess you are thinking to use it yourself, rather than investment?
Cheers
Fiona
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As I said, haven't given Albania a great deal of thought before but it will be a definate reserch project for me.
My line of thought is that it is a relatively easy place to get to (do any Budget airlines fly there?) and because of that people can buy a property as an investment, rent it out if posible but also get some personal use out of it too, especially if it is on the coast. It is not to far to go to from the UK for a long weekend, much like Spain.
What sort of price tag are you looking at for, say, a 2-bed frontline on the coast?
My big concern, not just with Albania but with virtually everywhere at this time, is will property be hit by the downturn in markets and (I hate to use it but) the Credit Crunch? Wouldn't it be better waiting a few years until it, possibly, is over?