When communist regimes in Eastern Europe collapsed roughly 10 years ago, a prominent leader of the democratic movement in Albania was quoted to say: We don’t need to go westward, because geographically our country is situated more westward than most of the Eastern European states . If we consider this country not by its geography, but by its social standards, then it will become the easternmost among all the former communist states in Europe.

In Albania’s growing economy, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. Apart from the economic growth which is spurring growth in the real estate sector, the recognition of the need to invest heavily in infrastructure and of involving private participation therein, the recent legislation regarding creation of Special Economic Zones and the growth of road concession contracts witness it.

This entry was posted on October 7, 2008 at 2:22 am and is filed under Real Estate in EU. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.