by dfg 
Buying an older property and renovating it can yield high returns in Albania. Since purchase
prices are generally low, upgrading a home often increases its value dramatically . Some key points:
- Low Purchase Cost: Many apartments in Tirana, Durrës, or Sarandë are undervalued because
they need work . You can acquire a fixable apartment for much less than a turnkey unit. After
renovation, properties in central areas (e.g. Blloku, Skanderbeg Square) can see their value jump
significantly . - High Post-Renovation Value: In cities like Durrës and Vlorë, renovating near the coast often
allows owners to charge premium prices or rents . For example, a beachfront Durrës
apartment renovated to modern standards will attract more tenants or buyers. Likewise,
renovating in Sarandë leverages booming tourism . - Affordable Labor and Materials: Albania’s construction and renovation costs are relatively low.
Skilled labor is available at a fraction of Western prices, and materials (tiles, fixtures) are
affordable. This means your budget goes farther, maximizing the value added. - Focus on Quality Upgrades: Invest in what adds most value: modern kitchens/bathrooms,
energy-efficient windows, and open layouts . High-quality finishes and design make the
property more appealing. Even small changes (new lighting, fresh paint) can help achieve better
asking prices. - Rental Opportunities: If you rent out the renovated property, you’ll tap both locals and tourists.
In tourist areas (Sarandë, Vlorë, Durrës), short-term rental yields can be very attractive, especially
in summer . If renting long-term, cities like Tirana and Durrës have stable tenant
demand.
In summary, renovating homes in prime Albanian locations is a proven strategy: buy low, improve the
property, and gain substantially higher value or income. As one investment guide notes, Albania’s
growing tourism and urban development “make now the time to invest in a renovation project” .
