TIRANA, December 9 – The real estate market in Albania showed two different trends in 2024–2025. Prices rose at double-digit rates, while the selling period became longer. This shift signaled weaker real demand.

Meanwhile, the government and the Special Prosecution Against Corruption and Organised Crime intensified actions against money laundering. Pressure from the European Union to remove Albania from the “grey list” also narrowed financing channels.

Earlier today, Executive Director Reinaldo Pipiria of the National Real Estate Association said that regulation similar to the European Union created security and encouraged investment. In addition, economics expert Romina Radonshiqi stated that restrictions within the European Union chapters and the move to eliminate cash would produce positive effects.

Fiscal policy added further pressure. New changes aimed to tax unsold housing stock and pushed construction companies to release more units.

Later, Pipiria noted that a new property tax, expected in January 2028, would encourage owners to place unused properties on the market. He added that foreign buyers could balance the increase in supply.

The strong price growth of recent years reached its limit. As a result, a price correction remained possible if the government enforced strict property taxation. Pipiria said that forecasts pointed to stability and a slower pace of increase.

At the same time, experts underlined the role of demographics. Albania’s ongoing emigration was expected to reduce domestic demand. However, it remained unclear whether the country would attract enough foreign buyers as Albania advanced toward membership in the European Union.

/a.p./