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Property of the Month |
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around the World.
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Albania |
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"The Next Big Thing" |
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It has been a hectic couple of months here at Global as we have been opening a new Mediterranean country, so we can offer our clients exclusive access to some extremely well priced property in a country that will be in the E.U. within 5 years. The properties are at a starting price of €40,250 euros for a one bedroom beachfront apartment of 75m2 built and €51,750 euros for a 2 bedroom beachfront apartment with 85m2 built. These apartments are built to a high standard and offer rooftop swimming pool and underground parking within easy walking distance to all necessary amenities. The property and land prices in this country are rising at approximately 40% per year and purchase costs at the moment are only 2%(but due to rise next year to 10% due to the coming into line with the E.U.). |
British Airways are flying direct to the Capital City which is only a 20 minute drive to the beach and have been offering this service since the SAA(stabilization and association contract) with the E.U. was signed in March 2006. So what country is this I hear you all asking, well surprisingly enough the country is Albania. So now you have all stopped laughing, let’s look at this logically from an investment point of view. The country has already signed the first Stabilization contract with the E.U.(read it here…) ) It is due to join NATO next year(2008) |
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It is already a member of the WTO(World Trade Organisation) Land and property Prices are some of the cheapest in Europ at the moment(but not for long). These points alone point to the eventual joining of the E.U. , which as we all know will raise the prices rapidly, as happened already in several other Balkan and former eastern Block countries, the difference here in Albania is that the country has 362km of prime almost virgin coastal Mediterranean (Adriatic) land, in the south it borders on greece(less than 12 km from the Island of Corfu) to the north Monte Negro whose property and land prices are already relatively high. We here at Global are in a position with the contacts we have made in the last several months(both political and |
business) to offer beachfront properties, beachfront land, inland properties, inland plots and City centre properties and plots. Whether you are looking for an interesting and historical holiday home, a rental investment(returning around 5% at the moment as it is a popular destination for many italians), a pure off plan investment or land to build your own home or to develop, then Albania is the last Mediterranean country in Europe to offer prices within most peoples reach. If you missed out on Spanish Investments and all the other great property investments and are still kicking yourself, don’t let this one slip by unnoticed, take a good hard look at the facts on the country and at the certainty of Euopean Union entry and then look at the prices on offer now, we at Global firmly believe in the investment potential offered by this emerging property market, as do the |
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Americans who are buying land, building new motorways and generally improving the infrastructure daily. At the moment demand for new property is very high, even among locals who can afford to purchase, due to the shortage of modern homes available as most of the older blocks tend to be in the old "Eastern Block style" which are being demolished and replaced slowly but surely.
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Global Property Place S.L.
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