Property For Sale in Radhimë, Vlorë Coast - Page 3
New project for sale in Radhime
Apartment For Sale At One Oricum Bay
Apartment for sale in Radhime, Vlore
Radhimë unfolds along the Bay of Vlorë, where the coastal road toward the Llogara Pass opens over clear water and pebble beaches, facing the Karaburun peninsula and the island of Sazan. It has become one of the Riviera's most sought-after places to buy, thanks to its closeness to Vlorë city and a wave of new resort developments. Buyers come here for holiday homes and investment: strong seasonal rental demand and rising values make ownership appealing.
Frequent questions
What do properties cost to buy in Radhimë?
Apartments in newer resort developments command more than units set slightly inland, while villas with bay views sit at the top end. Compare current listings for exact figures.
Is Radhimë a good buy-to-let investment?
Yes. A strong summer season and proximity to Vlorë drive steady holiday-rental demand, while new developments and coastal infrastructure are pushing values up. Many buyers use the property themselves and let it for the rest of the year.
How far is Radhimë from the airport?
Radhimë lies about 10-15 km from central Vlorë and roughly two and a half hours by car from Tirana Airport. The new Vlora airport being built nearby is expected to improve access and buyer interest 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.