Property for Sale in Vlorë — Seafront Homes by the Bay - Page 54
2+1 APARTMENT FOR SALE IN LUNGOMARE
STUDIO FOR SALE IN COLD WATER, VLORE
For Sale, Land, Borsh
Vlorë is the southern gateway of the Albanian coast, the point where the Adriatic meets the Ionian opposite the Karaburun peninsula and Sazan island. Its long Lungomare promenade, clear-water bay and easy reach of the Riviera over the Llogara pass keep the city appealing year-round. Buyers here range from families wanting a holiday base to overseas purchasers and investors drawn by strong seasonal rental demand and rising values since the new airport.
Frequent questions
What do properties cost to buy in Vlorë?
Prices vary by location: sea-view apartments near the Lungomare and the bay command the most, while units a little inland or toward the edges are more affordable. Vlorë is generally cheaper than Saranda or Dhërmi, though prices have risen with new development. Check the current listings for up-to-date figures.
Is Vlorë a good buy-to-let investment?
Yes — the May-to-September tourist season drives strong short-let demand, especially for properties near the beach and Lungomare. The new airport close to the city is expected to lengthen the season and lift interest. Homes nearest the sea tend to deliver the best yields.
How far is Vlorë from the airport?
Vlorë's new international airport is being built near Akërni, just a few kilometres from the city, which will make arrival very easy. Until it is fully open, Vlorë is reached by road from Tirana airport in roughly two to three hours.
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.