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Shqip/Albanian: Toka Shtepi Apartamente Banesa ne Shqiperi

 
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SOLD OUT!! - PALMA APARTAMENTS - Durres beachfront - new property release! Project with pool, gym, sauna, beach front with full sea views, prices from only £26K (€33,000). ATTENTION - 50% ALREADY SOLD!!!
» Posted: 12/05/2009 - 15:10
The complex is the first of its kind in the Durres Region offering luxurious studios, one and two bedroom apartments, large indoor swimming pool (20 x 12m), gym/fitness centre, sauna and Turkish style baths, shopping centre, restaurant and bar, all within the residence! Bordering with the sand the property is ideal for holiday use and as an investment.

SOLD OUT! The complex comprises of underground car parking, level one and two commercial units, level three (swimming pool, fitness centre, sauna and some apartments) and three levels of residential units.

This project appears to be a great investment as the prices of one bedroom apartment start from as little as €33,000 which leaves a great potential for capital growth in the next few years. 

Due to very close proximity to the international airport and capital city Tirana the resort will have all year rentals which will be managed by our company.

As there is huge demand by foreigners for complex with such a great facilities and the fact that is located on the seaside will guarantee that it will sell very quickly.

The complex is being built to european standards and all materials are laboratory tested with certificates.

Furniture packages from 3,600 euros including kitchen units, furniture, white goods, delivery and free installation. Also air-conditioning costs only 800 Euros including installation.

Legal fees from 800 Euros including, notary, brokerage, taxes and property registration.

 

Investment Overview

Prices from just 700-750 euros/m2!

Great buy-to-let or holiday use opportunity,

Off plan beachfront development – delivery in 24 months (Spring 2010)

Rental yields (gross, including parking) expectations up to 7%

Massively undervalued market – 40% of some comparable markets!

No VAT

No Purchase tax

The last emerging market in Europe

Expected capital growth of 30% per annum – with prices set to double over the next 3 years

Excellent beach location!!

Large swimming pool, sauna, gym, Turkish baths

Car parking from 8500 Euro                                              

20 minutes from International Airport

25 minutes from Capital city

Fantastic public transport (bus stop behind the complex and train station few minutes away)

The development location:

The new development we have secured is located in Durres Beach front line with the sea in the District of Beach Road, Durres.

Such an opportunity will not be available in the future in the Durres Beach due to the entire frontline is already occupied and built up and this plot is one of the last plots which will be used for this fantastic Complex.

Durres Beach Resort/Complex:

The complex is the first of its kind in the Durres Region offering luxurious studios, one and two bedroom apartments.

A large 240m2 swimming pool (20 x 12m) located on the third floor of the complex with open views to the sea and covered with glass with all facilities included which can be used in the winter also.

Gym-Fitness Centre – Fully equipped, Sauna-Turkish style baths (all on the same level), Shopping Centre, Restaurant, Bar and many more, all within the resort!

The complex comprises of underground car parking, level one and two commercial units, level three (swimming pool, fitness centre, sauna and some apartments), and fourth to sixth levels residential units.

We have huge demand for such facilities from locals as well as foreign investors and visitors.

Due to the very close proximity to the Airport and Tirana, plus the benefit of offering all facilities and incredible sea views the resort is expected to have all year rentals which are managed though us also.

The complex is being built to EU standards and all materials are laboratory tested with certificates. Building is designed with Hydro and Thermo Isolations.

 

Payment structure:

40% is paid when pre-contract is signed, normally within one month from the reservation date.

30% is payable on shell/skeleton stage (expected in summer 2009). This payment and the remaining deposits can be financed if you wish, subject to status – we will get the mortgage process up and running and ensure is all in place in time.

20% is paid in the last quarter of 2009. This is the time that the apartments are plastered, tiles and nearly completed. (This can also be financed) Delivery is expected second quarter of 2010.

10% is paid only when full property title is transferred under buyer’s names. In Albania full property titles are issued after the property is completed which can take up to six months from the completion date.

 

How Numbers Work

Buying costs on completion – Air Con 800 euros, Kitchen and furniture package approx 3600 euros

Total legal, notary costs – just 800 euros

200 euros electricity and water connection


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Albania property, real estate investment and holiday destination. A Mediterranean country with beautiful frontage on both the Adriatic and Ionian seas and its great landscape and long range mountains, Albania is a country that is attracting a lot of attention from international property investors, large corporate companies and holidaymakers. Albania offers spectacular scenery and views, hundreds of kilometres of unspoiled and undeveloped pristine sandy coastlines, white sandy beaches, mountains, archaeological sites, ancient monuments and castles. Albania is a key holiday destination for Kosovans and Macedonians. Albania is totally undiscovered by westerners and it is actually considered the last Emerging market in Europe to be developed. Albania offers a fascinating history that includes initial settlement by the Illyrians and eventual, Romans, Venetians, Byzantines and even Ottomans. Another surprising factor is that Albanian people are very welcoming and friendly and offer a great hospitality. The growing tourism industry, stable government and emerging property market are coming together to make Albania a land of interest for buyers. Albania Properties has outlined some of the best reasons why to invest in Albania. Albania has a democratically elected government. Whilst reforms are ongoing, Albania and its government have made progress in recent years and showing signs of improvement, combating corruption, crime and bringing stability, foreign investments, joined NATO and expected EU membership in five years. Albania is a member of NATO’s Partnership for Peace Programme and received the invitation to join a full membership within the alliance. Albania has even offered troops to support in Bosnia and Herzegovina, Afghanistan, Iraq and other regions. Albania is a member of the Council of Europe, the World Trade Organisation, the United Nations and the South East Europe Cooperation Process and other organisations. Albania’s goals and desire to take part in the international community, cross Atlantic and the EU, shows stable political environment which is very appealing to investors who want to invest into all sectors in Albania, such as Albania property-Real Estate, energy, commercial, industrial, minerals etc. The European Union has invested over a billion Euro so fare for Albania’s improvement of infrastructure and services. Albania is undergoing huge improvements in infrastructure and developments, which is attracting foreign industries and companies to invest in Albania. The newly opened (in 2006) Tirana international Airport is being approved to be extended again due to the increasing travel demands by visitors, tourists and investors. The largest highway which will link Durres with Kosovo is expected to complete end of 2009, full renovation and an extension of Durres Port (the largest in the country). This will be the hub connection between Italy and the Black Sea region. Property prices in Albania are the cheapest in all of Europe. Beachfront apartments starting from just £19,500 and capital city of Tirana, apartments cost from only £19,000. The key hotspots offer high capital growth and there are potentials for good rental yields. As the country continues to develop its tourism industry and infrastructure, the prices are not forecasted to remain low for long so this is the right time to buy property in Albania. Prices for off-plan properties are ranging between EUR 500 to 800 per square metre. One and two bedroom apartments are starting at around GBP 19,000. These prices are very low and competitive compare to other developing hotspots such as Montenegro, Croatia and Morocco. Albanian Property prices are also the cheapest in Europe. Albania’s natural attractions and nearly 400 kilometres of coastline along the Adriatic and Ionian seas offer a rare opportunity for investment or holiday breaks. The climate of Albanian is mostly Mediterranean and in some northern and eastern regions can be cold and snow in the winter which offers a great combination. This makes the Albanian property market very attractive for buy to let investors. Albania also offers a strong local market demand buying and renting so for those looking for short-mid term investment can profit form the re-sale and the capital growth appreciated in Albania property and real estate offers good exit strategy. None resident and commercial finances are widely available now offered by the largest European banks such us Societe Generale, Intesa Sanpaolo, Raiffeisen etc. Building costs and labour costs are cheap in Albania. Building permission can be obtained quickly and the process is straightforward. Albania lacks of resorts, golf courses, high end hotels is a great opportunity even for developers to invest in Albania. Furthermore, due to the current market conditions in the Eastern and Western European markets, Albania has never been in a better position to offer safe and cheap property prices and is attracting huge numbers of investors as it is currently the only stable property market. Albania is benefitting from low property prices and stable economy growth. Currently Albania Properties is offering a selection of beachfront apartments, capital city apartments, beachfront lands fit for any purpose such as golf resorts and houses. The further benefits of investing in Albania are: No purchase tax, No VAT, only 10% capital gains tax on property when selling, 10% corporate tax for companies. Some of the properties on the market include apartments and property in Tirana, property in Durres, property in Saranda, property in Vlore, beachfront Albanian Real Estate, beachfront lands in Albanian coast and Tirana lands, commercial property in Tirana, golf resort property in Durres and other coastal sites in Vlore and Sarande, Albanian estate agents looking after rentals and managements and many more. Albania Properties being Albanian Agents based in London and local offices in the main cities of Albania and the coast can give valuable information and support to all property buyers, investors and holidaymakers. Contact Albania Properties for more information on: www.albania-properties.co.uk or www.holiday-property.net.
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