New Motorway Project Set to Impact Albanian’s Coastline



A new motorway project underway in the Western Balkans interior could have a positive effect on Albania’s coastline, something that a report in Property Wire claims could be especially good for second home owners. It is the region’s largest infrastructure project for several years, and the first 120 km section connecting Albania and the Adriatic Coast to central Kosovo is almost completed.

Albania real estate

Albanian tourism is leading to the opening up of it's property markets © Ph. Favre-Reguillon - Fotolia.com

The infrastructure project is costing an estimated €1 billion and is strategically important as it runs from Morine on the Albanian border to the capital of Kosovo, Pristina. The four-lane motorway extension will connect the Durres-Kukes motorway with Pristhtina and Prizren, and the project should see the region reaping considerable economic benefits, as it is expected to boost the Kosovan economy by creating around 3,000 new jobs. Many tourists travel to Albania through Kosovo or Macedonia, so this region should see an increase in tourism figures as it will significantly reduce traveling times.

Albania is already enjoying a significant increase in tourism figures, as visitor numbers were up by 16% during the first eight months of the year which is partly because of improved infrastructure due to the Tirana-Elbasan highway project,  the increased number of flights to European cities, while the country was also ranked as one of the world’s top destinations for 2011 by Lonely Planet. The motorway will certainly make a number of new residential developments in the Adriatic Sea region more accessible.

One of these is the five-star Lalzit Bay Resort & Spa, which was recently named Project of the year 2011 at the RealEX Awards. Ravin Maharajah, partner of the development feels that the developments in infrastructure have been crucial to the success of the project, and they are about to start building the first two blocks which are almost completely sold out.

The European Union rejected Albania’s bid for candidacy last year, and it remains to be seen if they have implemented sufficient reforms to be successful this year. The report is due to be released tomorrow, although due to the continuing economic crisis in Europe support for EU integration has fallen in most Balkan countries.

About Allison Halliday

Allison Halliday is a Realty Biz News contributing writer. She handles International Real Estate and is a seasoned blogger.

Comments

  1. Albanian tourism is growing. That is a fact now.
    More and more foreigners are visiting year after year. There is so much that Albania can offer to the tourists – sun and sea, history of one of oldest civilizations in the wold, beautiful mountains, lakes, rivers, and people with good hearts above all.

  2. That’s correct. A good development of tourism industry int he country will lead growth of Albania Property market.

  3. The Albanian motorway is a history now.
    Albanian government is investing in new roads in the south which will cut short the distance to get to the beautiful Saranda holiday city in the very south of the country.
    Tourism is growing with a very good rate for the last 4-5 years. Still Albania is far from the mass tourism and the government has some time to adjust properly its strategies in order to be prepared for the next stages.
    Albania is just entering among the new tourism destinations in the Mediterranean.

  4. Good advice Pete!

  5. Albania is on the right track.

  6. Pete Hodge says:

    Well done Albania. The growth in tourism is no surprise to me. I lived there eight years, loving every moment of it. It ‘screamed out’ Tourism. Beautiful scenery. Wonderful food. Hospitable people. Fantastic beaches. It has everything.

    But a warning. Your ‘love affair’ with the EU will destroy you. We Brits are desperate to leave the EU, as we see how corrupt it is. Democracy is destroyed, you will lose your sovereignty. You don’t need the EU. You are so much better than it is.