Invest in Real Estate in Tirana
Tirana property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Tirana .
Search Map of Tirana Investment Real Estate
Tirana ( tih-RAH-nə, Albanian pronunciation: [tiˈɾana]; Gheg Albanian: Tirona) is the capital and largest city of Albania. It is located in the centre of the country, enclosed by mountains and hills with Dajti rising to the east and a slight valley to the northwest overlooking the Adriatic Sea in the distance. Due to its location at the Plain of Tirana and the close proximity to the Mediterranean Sea, the city is particularly influenced by a Mediterranean seasonal climate. It is among the wettest and sunniest cities in Europe, with 2,544 hours of sun per year.
Tirana was founded as a city in 1614 by the Ottoman Albanian general Sylejman Pasha Bargjini and flourished by then around the Old Mosque and the türbe. The area that today corresponds to the city’s territory has been continuously inhabited since the Iron Age. It was inhabited by Illyrians, and was most likely the core of the Illyrian Kingdom of the Taulantii, which in Classical Antiquity was centred in the hinterland of Epidamnus. Following the Illyrian Wars it was annexed by Rome and became an integral part of the Roman Empire. The heritage of that period is still evident and represented by the Mosaics of Tirana. Later, in the 5th and 6th centuries, an Early Christian basilica was built around this site.
After the Roman Empire split into East and West in the 4th century, its successor the Byzantine Empire took control over most of Albania, and built the Petrelë Castle in the reign of Justinian I. The city was fairly unimportant until the 20th century, when the Congress of Lushnjë proclaimed it as Albania’s capital, after the Albanian Declaration of Independence in 1912.
Classified as a gamma-world-city, Tirana is the most important economic, financial, political and trade centre in Albania due to its significant location in the centre of the country and its modern air, maritime, rail and road transportation. It is the seat of power of the Government of Albania, with the official residences of the President and Prime Minister of Albania, and the Parliament of Albania. The city was announced as the European Youth Capital for 2022.
The financial stability of Tirana has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.
Buy to Rent in Tirana
Renting out your Tirana buy-to-rent investment property can grow wealth and income.
Whatever your goals with investment property in Tirana are – preparation is key.
With our expert guidance, investing in Tirana provides the secure knowledge that your money is working harder than it would in a local Tirana bank and that future generations of your family will be left with substantial capital growth assets.
We are always happy to advise on buying investment property in Tirana, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Tirana property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.
Flipping Investment Property in Tirana
Flipping property in Tirana
Flipping property is when we advise clients to buy a Tirana property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Tirana market has a time to react to the renovation.
The Flipping Strategy in Tirana
Investment property flipping in Tirana is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Tirana real estate investments are sometimes referred to by professionals as ‘distressed’ Tirana real estate.
What is distressed Tirana property:
- Tirana property in need of renovation
- Tirana real estate with a change of purpose and use
- Oversold Tirana property
- Bank repossessions in Tirana
Put simply, long term investors in Tirana purchase the property, renovate it and make it a lot more attractive to potential buyers.
Calculate profit that you make from Tirana investment property flipping:
Final Selling Price less Cost of Purchase less Costs = Profit
Here is an example:
Tirana property purchase price: $220,000
Renovation costs: $20,000
Other costs: $25,000
Property sale price: $400,000
Profit: $135,000
Experienced property developers in Tirana use a minimum profit value of 22% when looking at potential Tirana projects.
The reason for this is because there are lots that can go wrong in Tirana property flipping and working on a potential margin of 22% should still leave a good margin of error.
Invest through a Fund in Tirana
Property Secured Investments is a Private Equity fund that invests in Tirana and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website
Luxury Property in Tirana
For luxury property investors hoping to add a superb property in Tirana to their luxury real estate investment portfolio, Physis Realty is a trusted partner.
A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Tirana, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Tirana should be entrusted to only the highest-quality agency.