Property For Sale in Gjiri i Lalzit (Lalzit Bay) - Page 9
LAND FOR SALE AT LALZI BAY
Apartment 1+1 for Sale – Porto Lalzi, Durrës
For sale, 2-Story Villa, "Turquoise Marina", Lalëz Bay, Durrës!
LAND IN REDONI CAPE, FOR SALE!
Gjiri i Lalzit (Lalzit Bay) is the fine-sand, pine-fringed bay north of Durrës, known for polished resorts such as Lalzit Bay, San Pietro and Green Coast, shallow swimmable water and views toward Cape of Rodon. Buyers here are mostly holiday-home owners plus investors: summer rental demand is strong and steady new construction has supported dependable capital growth.
Frequent questions
What do properties cost to buy in Gjiri i Lalzit (Lalzit Bay)?
Gated-resort apartments are the most affordable entry point, while private beachfront villas and units in premium developments command considerably more. Sea views and proximity to the sand are the biggest price drivers.
Is Gjiri i Lalzit (Lalzit Bay) a good buy-to-let investment?
Yes, for seasonal letting. The sandy beach and resorts draw plenty of Albanian and foreign holidaymakers in summer, so furnished units near the water see strong July–August rental demand. The season is mostly summer-weighted, so expect income concentrated in the warm months.
How far is Gjiri i Lalzit (Lalzit Bay) from the airport?
Gjiri i Lalzit sits northwest of Durrës and is roughly half an hour by car from Tirana International Airport (Rinas), one of the easiest beach areas to reach on the Albanian coast. Durrës and Tirana are both close by, making it practical for weekend trips.
Can a foreigner buy property in Albania?
Yes. Foreign individuals can freely buy apartments and buildings in Albania in their own name, with no citizenship or residency requirement. Agricultural land is the main exception: foreigners cannot own it directly, but may access it through a local company or a long-term lease.
How does the buying process work and what does it cost?
Purchases are finalised before a public notary, who verifies title, then registered at the State Cadastre Agency (ASHK). Budget for notary fees, a property transfer tax of roughly two to three percent of the reference value, and modest ASHK registration fees. Registration usually takes a few weeks.
Does buying property help with a residence permit?
Owning property can support an Albanian residence permit application, typically issued for one year and renewable. Property ownership alone does not grant automatic citizenship. Recent amendments to the law on foreigners may set minimum investment thresholds, so confirm current requirements with Albanian immigration authorities before relying on them.
Why invest in the Albanian coast?
The Albanian coast benefits from fast-growing tourism, with record visitor numbers and surging short-let demand. Coastal short-term rentals commonly target high single-digit to low double-digit gross yields, while prices remain well below neighbouring Mediterranean markets. New infrastructure, including Vlora airport, supports continued interest.
How are rental income and capital gains taxed?
Rental income earned by individuals is generally taxed at a flat fifteen percent, with certain maintenance and management expenses deductible. Profit on resale is subject to capital gains tax, also fifteen percent on the difference between purchase and sale price. Keep documentation to support any deductible costs.