by dfg 
Buying your first home in Albania can be exciting. Follow these tips to stay safe and get a great
deal:
- Research Thoroughly: Study neighborhoods, prices, and legal processes. Preferred areas may
include central Tirana and emerging coastal towns. Use reliable data (e.g., Investropa) to set
realistic expectations. - Budget Carefully: Factor in all costs: 20% downpayment plus about 3–5% in closing costs and
agent fees . Banks usually require proof of funds. Property taxes and notary fees are low
(total ~3–5%) . - Hire Professionals: Work with a reputable real estate agent and a local lawyer. Agents help find
listings, but lawyers (or a licensed notary) must verify title deeds, check for debts, and ensure the
property has legal permits. - Inspect the Property: Always see the apartment in person. Check for structural issues, mold, or
unfinished work. Don’t rely solely on photos. If foreign, bring a translator or bilingual friend for
clarity. - Negotiate & Secure: Once you find the right home, negotiate the price and terms. Expect to pay
a 10% deposit on signing a preliminary contract . Ensure the final contract is signed before a
notary. - Finance Smartly: If you need a mortgage, know that it’s difficult for non-residents , so
consider paying cash or securing financing in advance. Always compare interest rates and
repayment terms if borrowing from an Albanian bank.
Following these steps will help first-time buyers avoid surprises. As Albanian Properties advises,
foreigners can buy freely , but due diligence on legal title, building permits, and financing is crucial.
