For the first 6 months of this year, apartment sales prices in Albania have increased about 8 times more than prices in the eurozone and EU countries.
According to data from the Bank of Albania, the Fischer index showed that in the first 6 months of 2025, housing prices in the country increased by 14.6% compared to the previous six months, and by 41.7% compared to the previous year.
In the eurozone countries, according to Eurostat data, apartment prices, measured by the House Price Index, increased by 5.1% in the second quarter of 2025, compared to the same period last year.
Across the European Union, prices rose by 5.4% year-on-year. This represents a slight slowdown compared to the first quarter of 2025, when house prices rose by 5.3% in the eurozone and 5.7% in the EU.
The increase in housing prices in Albania for the first 6 months compared to changes in eurozone and EU countries is about 8 times higher.
Eurostat data shows that the trend in house prices in the European Union presents large differences between different countries, but in no country do price changes occur at the level of Albania.
Of the Member States for which data are available, one country recorded an annual decrease in house prices in the second quarter of 2025, while twenty-five countries recorded an annual increase.
The decrease was recorded in Finland (-1.3%), while the highest increases were recorded in Portugal (+17.2%), Bulgaria (+15.5%) and Hungary (+15.1%).
Compared with the previous quarter, prices fell in two Member States and rose in twenty-four. The falls were recorded in France (-0.2%) and Belgium (-0.1%), while the highest increases were recorded in Portugal (+4.7%), Luxembourg (+4.5%) and Croatia (+4.4%).
If we look at the price growth trend in Albania, it turns out that the main effect on the increase was given by price changes in coastal areas. In Tirana, the increase was lower. In the first 6 months of 2025, the sales index for Tirana increased by 5.1% compared to the previous period and 32.6% compared to the previous year.
Also, according to the "Deloitte Property Index 2025" report, where our country is included for the first time, the average price of apartments in Albania has reached 1,620 euros per square meter, an increase of 16.6% compared to the previous year, ranking second with the highest price increase after Poland (19.3%).
In Tirana, the average price has reached over 2 thousand euros per square meter and in Vlora 2,400 euros per square meter, while in Durrës 1,350 euros per square meter.
Tirana and Vlora also rank among the cities with the highest price increases in the countries included in the Deloitte report. “Looking at the annual changes in average asking prices, several cities experienced strong increases. Krakow topped the ranking with an increase of 28.1%, closely followed by Jerusalem (+25.2%) and the Albanian cities of Tirana and Vlora (both +25.0%)”. In Belgrade, for the same period, prices have fallen by 0.9%.
Both Albanian cities have seen increased interest from both domestic and international buyers. Vlora in particular has benefited from the rapid expansion of the tourism sector and major infrastructure developments – including Vlora Airport (expected to be completed by the end of 2025 or early 2026), as well as ongoing strategic investments such as the Vlora Bypass and the Llogara Tunnel,” the report said.
The summary for Albania states that agents report price increases in almost all areas, with particularly strong increases in Tirana and the coastal area. The sales price index in Tirana increased by 26.2% in the second half of 2024 compared to the previous period and by 56% compared to the level of the previous year.
Prices asked by sellers increased significantly during 2024. For example, the average price per square meter (m²) in Tirana increased to 2,000 euros/m² (from 1,600 euros/m² a year earlier) by the end of 2024, driven by urban development and high demand. The most sought-after locations in the city center (areas such as Blloku and around Skanderbeg Square) now reach 3,000–3,500 euros/m² or more, while even suburban neighborhoods exceed the 1,000 euro/m² mark.
Coastal cities also saw growth: current apartment prices in Vlora range on average around 1,500–1,800 euros/m² (highest for sea views) and rental rates reach around 5%. Also, luxury residential projects by the sea (e.g. Dhërmi, Saranda) reached 1,500–2,500 euros/m², while premium units on the first line of the beach can reach up to 3,500 euros/m².
How much did coastal property prices increase in 2025?
Overall, coastal properties rose significantly in price in spring 2025, with increases ranging from 20 to 67%, reflecting an active market driven primarily by foreign buyers.
For real estate agents, the price increase was driven by increased demand, especially for real estate in coastal areas, such as: Golemi in Qerret, Vlorë, Rradhimë, Orikum and Saranda. Demand on the coast continued to be dominated by foreign nationals, mainly from landlocked European countries such as the Czech Republic, Poland and Hungary.
Jonian Antoni, the head of the real estate agency "Century 21", previously stated that in the coastal areas as a whole, 90% of sales are made by foreigners. "Demand is dominated by properties of the 1+1 and 2+1 typologies with a sales value of 80 thousand euros to 300 thousand euros. About 70% of foreign buyers use the properties purchased on the coast for a few weeks of vacation per year, and the rest of the year is used for investment through daily rent."
Due to increased demand from foreigners, this year the highest price increases were recorded in areas such as Lungomare, Rradhimë and Orikum, in Vlora.
On the second line of construction in Lungomare, sales prices have increased by 33 to 67% compared to the previous year. According to data from real estate agencies, from 1,500 euros per square meter that properties in Lungomare were sold for last year, for 2025 the price ranged from 2,000 to 2,500 euros per square meter. On the first line of construction, prices reached 2,500 to 3,500 euros per square meter, due to a lack of supply and high demand.
Residential projects continue to be added to the Rradhima area from 2023. Sales prices range from 2,000 to 3,000 euros per square meter, compared to 1,500–2,000 euros in 2024, representing an increase of 20 to 33%.
In Orikum, prices for low-end apartments have increased from 800 to 1,300 euros per square meter (an increase of 63%), while the maximum prices have remained at the level of 1,500 euros per square meter. This area is also being preferred for property purchases by immigrants, mainly those living in Italy, who use the apartment for summer holidays.
Saranda
For several years, Saranda has been experiencing a rise in property prices due to increased demand from foreigners. Even in this city, 90% of purchases are led by foreigners.
In Saranda this summer, sale prices for apartments in new constructions within 1,000 meters of the sea were offered at prices of 2,000 to 2,500 euros per square meter. On the beachfront, prices have reached 3,000 to 3,500 euros per square meter. In resorts, apartments are being sold at prices of 4,000 euros per square meter.
For real estate market agents, the increasing trend in demand for properties from foreign tourists has led to a decrease in supply and an increase in prices.
But price increases have led, according to local real estate agencies, to demand for property from foreigners entering its second year of decline.
Golem
In Golem, demand continued to be led by foreign citizens. Arjan Gjuzi, a real estate agent from "Century 21 EON", said earlier that Czech, Polish and Hungarian citizens prefer to buy apartments in Golem. According to him, foreigners mostly make purchases for investment purposes, to rent them out daily.
Due to increasing demand and decreasing supply, the sale prices of apartments on the first line in Golem reached 2,000 euros per square meter. The increase was 33% compared to 2024.
Near the "Rock of Kavaja" area, property prices increased by 11% compared to the previous year. The selling price reached 2,000 euros per square meter from 1,700 euros per square meter, which was the maximum level for 2024.
Property prices within the city of Durres also remain high, at 2,000 to 2,500 euros per square meter. According to real estate agent Arian Gjuzi, these high prices are influenced by limited supply and stable demand.
Due to high prices, demand from locals in Golem has been shrinking for almost a decade. Only this year, due to the offer of installment sales, locals have returned to shopping.
Prices in Qerret increase by up to 40%, demand from foreigners dominates
The increase in apartment prices in the Qerret area also continued in 2025. According to data from real estate agencies, in the first line of construction prices reached up to 2,000 euros per square meter, or 33% more compared to last year. In the second line, prices go up to 1,700 euros per square meter, which represents an increase of about 40% compared to 2024.
In new construction in Qerret, near tourist villages, sales prices range from 1,000 to 1,400 euros per square meter.
According to real estate agents, around 90% of the buildings in this area are being purchased by foreigners, mainly for vacation homes and investment purposes, while demand from locals remains low. Due to the high demand in this area, prices are expected to increase by 20 to 30% in the coming years./ Monitor.al/
