Nottingham, United Kingdom (PressExposure) April 13, 2008 -- Keen to let investors get a piece of Albaniaâs rapidly expanding market, DSR are offering properties onto the market before site-plans, final details on prices or the range of apartment sizes are available. The opportunity is simple, book your piece of Albanian action by paying the â¬3000 Euro reservation fee, and choose your apartment when full details become available.
I doubt this would even be possible were it not for David Stanley Redfernâs reputation for client security and stringent due-diligence procedures that prevent unsafe opportunities from gaining the DSR brand of approval. Hereâs why it isnât such a big ask:
The properties are in two of Albaniaâs most promising locations, one is in possibly the most promising location:
Saranda Mount on Albaniaâs long popular Adriatic coastline. Sitting on a hill most of the population of Saranda (including buyers in the Saranda Mount development) enjoy views across the beautiful Saranda Bay to the Island of Corfu. Property prices in Saranda are around 25% lower than similar properties a stoneâs throw away on the popular Greek island -- whatâs more the area is equally rich in history and culture.
The Jimmy Complex is in the rapidly expanding Albania capital. Tirana is the cheapest capital in which to buy a property, and its culturally diverse environment, and level of EU funding going into the infrastructure and facilities, corporate investment and Albaniaâs aforementioned range of undiscovered historical sites will turn Tirana into a must visit destination within Europe.
It is always difficult to predict capital appreciation for a market that springs onto the global scene such as Albania has, but in Albania this is not a bad thing. Albania is one of the poorest countries in Europe, and it hasnât attracted global attention because of itâs tumultuous past; the problems with Albanian and Kosovo having over it like a dark cloud. The reason Albania has leaped up and made the world take notice is because recently it has made huge steps in resolving those issues using democratic reforms and systems. It is now a safe country to go on holiday to, and once tourism starts to increase, generally everything else follows:
Increasing flights increases access to the country, budget airlines make it cheap to fly there and the low living costs make the whole holiday cheap. Therefore people can have a holiday in Albania, who otherwise mightn't have been able to afford a holiday abroad. This gets the tour operators interested and before you know it you have major hotels employing locals and the economy is then regenerating itself. The newly employed people get better wages, which they then can put into either rented accommodation or buying their own houses.
Somewhere along that process overseas property companies like David Stanley Redfern start snapping up investment opportunities in the emerging country. Once property there starts to attract global attention, prices go up automatically; as houses have once had to be affordable for the local population, will now see the prices rise to more like what they are worth to westerners with more money -- in other words closer to their real value.
Other factors that trigger capital appreciation, are the increasing cost of building materials as the economy develops, on top of that house builders will need to start paying their tradesmen and laborers higher wages to keep up with the increased living costs.
In short, an emerging market like Albania is just that emerging. Once a market starts to gain the name âemerging marketâ the chances are that prices are already beginning to rise, and will continue to do so for the foreseeable future. Therefore the key is to get in early, hence these new opportunities from David Stanley Redfern, allowing people to get in first for maximum gains.
Find out more about Albania investment property: http://www.davidstanleyredfern.com/investment-property/albania/