Buyers Guide to Buying Property in Albania

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Albania Emerging from the Downturn Strongly
2011-12-07
Albania property seems to be coming back with a vengeance and, it has to be said, rightly so. During.....

Opening of New Albanian Highway Could Boost Tourism Industry
2011-12-02
The first stretch of the Kosovo Albanian Highway has now been opened and is expected to provide a we.....

Albanian Property an Attractive Investment
2011-09-07
The latest data on the Albanian economy and property market shows stability and a return to growth, .....

Albania Enjoys a Huge Boost to Popularity
2011-08-19
Albania is currently enjoying a huge boost to its tourism industry as nearly half a million more tou.....

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Buyers Guide to Buying Property in Albania

Overview
Investment Property
Apartments
Holiday Property
Mortgage Options
Buying in Albania
Further Reading

Overview

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Investment Property in Albania

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Apartments

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Holiday Property in Albania

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Mortgages Options

When considering the options for a mortgage on your overseas property there are a couple of choices to consider;

Do you consider raising finance on your existing property in the UK to cover the whole cost of your purchase abroad? A good idea if the interest rate in the country in question is a lot higher than it is here in the UK as you will pay a lot less in monthly repayments.
Do you secure a mortgage against the property from a local bank in the country of purchase? This can be a wise option especially if the interest rate is lower than our current UK interest rate. Most overseas mortgage / bank lenders will require upto 30% deposit on mortgages. However, you will need to give some thought to how you will service your mortgage payments each month especially if you are not living or earning in that country as you may well lose out on exchanging money each time to cover monthly expenses. Check out our Foreign Currency page to see how you can save money in this example
Some Builders and developers may well offer their own mortgage facilities on their properties for sale. This can be beneficial to both parties depending on the logistics of the mortgage or loan facility. Always check and compare with the two options above before making your final descision.

For more details on Mortgages in Albania visit our Mortgage page in the Albania section.