Select one of the frequently asked questions below to learn more about buying, selling, and renting real estate. Also, begin to think about important things to consider when diving into your real estate search.
Frequently Asked Questions
FAQ
Properties are usually available immediately and a reservation deposit of around 1.5 months is required within 24 – 48 hours.
For long-term rentals in Albania (12 months minimum), the standard upfront payments include:
-The first month’s rent;
-The last month’s rent (non-refundable if the lease is broken early);
-A one month security deposit, (refundable at the end of the lease provided there are no damages or monies owing);
-Finders fee equivalent to half month’s rent.
The fee for a notarized contract varies based on the property, however is around 60 euro total, split between the tenant and the landlord.
For buildings with elevators, or newer buildings, there is a monthly Administration Fee which is a maintenance fee for elevator service and the cleaner in common areas. This varies between 15-25 euro monthly, paid by the tenant.
Usually older, communism style buildings with stairs do not have a fee.
STANDARD PROPERTY FEES
Property Sales
Agency commission: 1% of the final purchase price from the Buyer
Long-Term Rentals
Finders Fee equivalent to ½ month’s rent
PROFESSIONAL SERVICES
Consultations, personalised property searches, market guidance and relocation support are charged seperately as outlined below:
Initial 15 minute consultation – FREE
Property consultation up to 30 min – €40
Property consultation up to 60 min – €75
Personalised property search for buying – from €250* dependent on travel time
Personalised rental search €100 *
Albania relocation consultation up to 60 min – €90
Bespoke research / relocation services – Quoted individually
* Reimbursed when a transaction is completed through Next Door Albania
Foreigners can easily buy property in Albania, it’s a very straightforward process for most people buying a home or an investment.
However, if you are buying land that’s classified as agricultural, in many cases foreign buyers will make the purchase through opening an Albanian company.
To buy property in Albania, you will need to show your passport and in some cases, proof of income.
A trusted real estate agency will research, act on your behalf and provide you with guidance to help you on your real estate journey, be it buying, selling or long term rental.
Local professionals help you avoid common pitfalls such buying properties without legal documentation, negotiating, and making sure everything runs smoothly.
The Agent/ Broker becomes more of a “guide” rather than a “salesperson” and will save you lots of time, stress and often money.
Next Door Albania only works with trusted developers who have solid legal documentation. This ensures we structure a deal well so that buying under construction can be a smart move. If you do not do your homework and any of those pieces are missing, such as permits, titles, contract safeguards, then the risk goes up.
The benefits of buying under construction mean you will secure a lower price and a better deal. Developers often offer discounts or more favorable terms to early buyers.
There is also a potential for appreciation, when property values go up during construction, your investment grows before you even move in.
Compared to many European countries, the transaction costs in Albania are generally quite reasonable when buying a property.
Besides the purchase price, you should consider Notary and legal fees, translation fees and ownership certificate fees. This total varies depending on your purchase price, however you would allow approximately 1 -2% for a straight forward purchase using only the Notary, or around 3% if adding the costs of additional lawyers.
Agency commission: 1% of the final purchase price
The Notary office will request all documentation from AKSH to ensure all necessary legal requirements are current and correct.
They will verify ownership through the official property records, check for mortgages or legal claims, confirm permits where required, and ensure the seller actually has the legal right to sell. This check is all part of the Noter’s legal requirements and they will flag any risks that may appear.
To help us understand what you are looking for, please complete the form below and we will be in touch.
To help us understand what you are looking for, please complete the form below and we will be in touch.
Next Door Albania – Property Purchase & Investment Client Intake