Property Abroad News | Overseas Property News | News Articles

Countries:
Facebook Linkedin Twitter RSS
Your have 0 properties in your shortlist - View Shortlist >>

Refine Your Search

Opening Of New Albanian Highway Could Boost Tourism Industry

News Posted On: 02 December 2011

The first stretch of the Kosovo Albanian Highway has now been opened and is expected to provide a welcome boost to the tourism industry. Tourism numbers to the country have been steadily increasing and Albania is bound to benefit from being voted one of the top destinations for 2012 by Frommers.

The Albanian government has increased its spending on infrastructure substantially during the last few years, not least in its building of a brand-new road network throughout the country. According to the Minister of tourism and culture, Aldo Bumci, this investment helped increase visitor numbers by 20% in 2010.

It's not just Albania who is benefiting from these new improvements, as the new roads are also enabling adjoining countries to make their own road improvements. The first 38 km stretch of the motorway linking Kosovo's capital Pristina with Albania's border was opened earlier this month, within budget and ahead of schedule.

Albania now has new roads, a new airport and enjoys weather which is similar to that of Greece or Italy. It can't be long before more people discover its stunning coastline and begin purchasing holiday properties en masse.

Albania has much to recommend; mountain ranges, beautiful beaches and historical sites, yet property prices here compare very favourably to the rest of Europe. Thus interest from both tourists and property investors is being forecast to increase considerably next year. The World Bank is estimating growth in the Balkan economies to average 2.1% next year, which is substantially better than most established European economies.

View property for sale in Albania

Written by

Back to news articles for this country


Overseas Property News

Albanian Buy to Let Sector Set to Receive a Boost
2012-05-22

Tourism figures in Albania has increased substantially, as the latest data from the Bank of Albania .....

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.....