by dfg 
Deciding whether to rent or buy depends on your situation. Renting offers flexibility: no large
downpayment or long-term commitment. You avoid maintenance costs and can move easily .
Average rents in Tirana (2024) range ~€250–350 for a studio and €300–600 for 1–2 bedroom apartments
. Popular areas for renters include Blloku, Kodra e Diellit, and Komuna e Parisit . However,
renting means no asset ownership and possible rent increases at renewal .
Buying is a long-term investment: property values in Tirana have been steadily rising . Owners can
earn passive income by renting out when away and enjoy full freedom to renovate or decorate.
Monthly costs drop once the purchase is complete. On the downside, buying requires a large upfront
cost (around 20% down plus taxes and fees ) and less mobility. Foreign buyers can legally purchase
residences in Albania without special permits , but navigating legal and language issues may be
challenging. Property taxes are low (about 2–3% transfer tax) , and taking out a mortgage can be
difficult for non-residents . In summary, renting is best for short-term stays and flexibility, while
buying suits long-term residents seeking investment and stability.
