Every dreamed of a second home? How about a second home on the Mediterranean? Well, while Albania may not have been a place in your plans for making that dream come true, maybe that Balkans jewel should have been. If price and location have any bearing on your decision, maybe this news from a company, Lalzit Bay Resort and Spa, will serve you well.
Mediterranean climate, picture perfect landscapes, and lure and history of the ancient world, Albania and the rest of the Balkans are all this, and more. But more importantly perhaps, Albanian property as a value investment proposition is becoming a growing trend. According to Albanian Tourism and Culture Minister Aldo Bumci, the country has recently spent some €2 billion improving Albania's infrastructure.
Increasing tourism, along with significant economic growth, make Albania one of the few countries in the region with actual growth potential. As an example of a positive real estate market there, Lalzit Bay Resort & Spa, a five star luxury residential development on the Adriatic, is but one of a number of profitable developments.
The gist of value and opportunity on the Adriatic is pretty simple actually. Expanses of under or undeveloped beachfront there, combined with touristic growth and governmental support, make Albania one of the cheapest remaining slices of waterfront real estate in the world. Ravin Maharajah, one of the partners in the development, had this to add:
"Our villa apartments offer a premium, exclusive product to buyers who want the benefits of villa ownership including private gardens and terraces, exclusive services, and more privacy. We are also including additional exclusive services available to villa owners, including membership of the Adriatic Club, priority access to facilities, concierge service for cleaning, home-delivery, airport pick-up and access to private beach areas."
Lalzit Bay Resort & Spa has begun construction on private a club amenities already. Your second home getaway, replete with private swimming pools, BBQ area, tennis courts and superb restaurants, can be had (according to the company) for a little as €38,000. For more information on Lalzit Bay, please visit their website. For information on Albania we recommend looking for information via Info Albania (use Google translate).
Please watch the video below showing the development in detail and call 0845 125 8600.
I am Swiss and founded Balkimo Property in Tirana in 2004. We are representing Savills in Albania and publishing market research on the property market. Feel free to contact us to receive a copy.