Introduction
Situated on Albania’s Adriatic coast, the Cape Rodoni Resort & Spa development has what we think is an unbeatable pre-offplan entry point of just €588 per m2. This is a rare opportunity to buy quality frontline European investment property at such a low price.
The site looks over sandy Lalezit Bay, just 20km from the country’s only international airport and 35km from the capital Tirana. A new motorway link is currently being constructed that will slash the journey time between our site and the capital Tirana from 1 ½ hours to just 30 minutes. The quick journey time to the capital and the country’s only international airport will increase rental demand for our new high-end development from local commuters, tourists and business travellers alike.
The developer has agreed to release 40 strictly limited units at the price of €588 per m2. There is a mix of 40m2, 60m2 and 80m2 units available. And in a deal unheard of in Albania we’ve negotiated all R2i investors a 3-year 8% rental guarantee.
Albania is a country looking to the future and the time is right to look for investment property early on in this emerging nation’s development cycle.
We challenge you to find cheaper frontline property with direct sea access and great views anywhere else in Europe… We believe our price in Albania of €588 per m2 just cannot be beaten – and believe us, we’ve tried!
Exceptional value
This is a pre-off plan investment opportunity priced at just €588 per m2. With similar properties on Albania’s coast selling for upwards of €1,000 per m2 this represents a discount of more than 35% to market value. It is also an incredibly affordable price for frontline property in comparison with other eastern European markets.
Guaranteed income
The developer is offering a guaranteed rental income of 8% of the purchase price for the first three years following completion. No other development in Albania has a rental guarantee and they are extremely rare to find this early in the investment cycle.
Excellent location
Cape Rodoni Resort & Spa is a high quality front line coastal development, overlooking a picturesque bay and beautiful sandy beach. Frontline property generally increases in value faster than other property. It also attracts higher demand from prospective buyers and tenants wanting the optimum position for their new home or investment.
Infrastructure improvements
A new road is being constructed that will connect Albania’s capital Tirana and its airport to Lalezit Bay, cutting journey time from 1 1/2 hours to just 30 minutes. Such a short transfer from the country’s only international airport seriously boosts the potential demand from both local business and tourist travellers.
Pioneering investment
Albania has certainly had its ups and downs but is now in the early stages of its property cycle. We believe that there is a 5-year window of opportunity and you can be part of the first wave of investment. Property prices are inexpensive compared to the rest of Europe, but developers are already snapping up land, which should put upward pressure on the price of finished property in the near future. We believe Albania’s potential is comparable to that of Bulgaria 5 years ago and is likely to attract the same type of mass-market, family-orientated holidaymakers.
Investor incentives
Albania’s property market is very buyer-friendly. There is no transfer tax, stamp duty or VAT due on purchase. There is also no capital gains tax to pay on the sale of a property, nor withholding or inheritance tax. And with income tax at a competitively low 10%, Albania is a cost-effective market to invest in.