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£32,706 / 1 bedrooms / Albania, Tirana
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Property ref: 454 / Property Price: £32,706 / Property Type: Apartment /
Bedrooms: 1 /
Location: Albania, Tirana / Plot Size: 58.92 / Build Size: 70.81 / Contract: Freehold
Description:
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35% Deposit 65% on completion!
Low Entry level price from ?40,882 incl. Finishing & Kitchen!!
With the continuing high demand and low supply of quality Albanian property, PropertyGem has sourced a fantastic development in the Albanian Capital of Tirana. With the lowest price per square metre (from ?639) of any capital city in Europe, this development represents exceptional value for money and offers fantastic capital growth potential.
- Price of ?639 (?511) per sqm finished with fitted kitchen
- Entry level price of ?40,882 (?32,706) for a 1 bed apartment
- Only 35% deposit, 65% on completion in Q3 2009
- Mortgage financing of 70% LTV available STS
- Off plan period of 12 months
- Located close to city centre and the new shopping mall, good transport links
- Reputable developer with excellent track record in local market
- Early Stage market with excellent capital growth estimated at 15% - 20% p.a over next 3 years
- Rental yields estimated at 6-8%
- Albania joined NATO in April 2008 and is expected to join EU in 2014
- ?11 billion EU infrastructure investment committed from 2007 to 2011
- Property transaction fees (Lawyers/PoA) of approximately ?1,000
- No VAT on property purchases
- 10% Capital gains tax
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These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment. The price in UK pounds is indicative, and may vary according to exchange rates at the time of purchase.
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