Property for Sale in Palasë, Albanian Riviera - Page 7
APARTMENT 2+1 IN GREEN COAST VILLAGE
APARTMENT 1+1 IN GREEN COAST VILLAGE
FIRST FLOOR OF A VILLA FOR SALE IN GREEN COAST, PALASE
Apartments for Sale – SEA SIDE G8, Green Coast 2
Palasë is the first beach you meet coming down from the Llogara Pass, where the Çika mountains drop straight onto a long pebble shore and clear blue water. The Green Coast resort has turned the village into one of the Riviera's most sought-after addresses. Buyers here range from families wanting a holiday home by the sea to investors: heavy summer rental demand and rising values make purchasing appealing.
Frequent questions
What do properties cost to buy in Palasë?
As one of the Riviera's premium destinations, home to the Green Coast resort, Palasë sits above many neighbouring villages; inland apartments are more affordable, while open-view villas command a clear premium. Check current listings for up-to-date figures.
Is Palasë a good buy-to-let investment?
Yes. The well-known beach, the Green Coast presence and proximity to Dhërmi drive a strong summer season with high short-let demand. The season is mostly summer-weighted, so income concentrates in the warm months, but steady value growth supports buying as an investment.
How far is Palasë from the airport and the city?
Palasë is reached from Vlorë along the coastal road over the Llogara Pass, roughly an hour by car. From Tirana Airport the drive is longer, usually around three to four hours, while the opening of the new Vlorë airport is expected to cut this considerably.
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.