Did Kosovo investors freak out? About 200m euros in real estate investments, mainly in Albania

According to official data provided by the Institute for Investigative “Front” there is no less than $180 million that Kosovars bought real estate in neighbouring states during 2022, this figure almost twice as high as 2021.

The increase in Kosovars' investments towards neighbouring states is taking place at the time when the government “Kurti” has a legal initiative for confiscating unwarmable property, while such demands are not available for foreign investors in Albania.

The growth of investments, according to the Central Bank of Kosovo, has occurred in the second half of last year, as 2022 Kosovars' investments abroad have been 80m euros, while in the second part of last year have reached over $100m.

Economists in Albania: There's an increase in the demand for purchase by Kosovars, saving a lot of money

The increase in demand is confirmed by Albania, one of the countries where Kosovars buy mostly property.

Journalist Lavdrim Lita says the demand for investments in Kosovars' real estate is extremely high.

Kosovo's “Albanians have become owners of apartments, hotels and businesses from Shengjin, Velipoja to Saranda. Patriotic tourism is good business for the hotel and transport sector, especially the Kosovo travel/transport companies are far ahead and offer speed and comfort”, Lita said iFront. 

Economics expert Pano Sacko, on the other hand, described the purchase of real estate abroad by Kosovars as normal.

He singled out two reasons for pushing Kosovars primarily to choose properties in Albania.

The first <x0). The second: investment is a reduction of holiday spending they make annually. For example, if a Kosovo family paid 1500 euros for its vacation, it calculated that by buying a house, this cost is reduced”, it was Say Sac for the iFront.

Economic integration between the two countries of a nation is being assessed as a good thing because it expands the market for specialised goods and services.

Kosovo's “IT sector could be a good opportunity for Albania's tourism sector. In this sense, the sooner all the tax and mental barriers are removed, the better it will be for all Albanians who want quality products and services”, columnist Lavdrim Lita said.

How do they see it from Kosovo?

In Kosovo the situation is seen differently.

With the investment of Kosovars abroad gone much of the financial capital.

That's how economist Besnik Avdija estimates.

“In addition to losing a certain monetary value, there is the loss of an alternative investment in the local economy. However, if we look at it investmentally, the owners remain citizens of our country again and in the long-term plan their capital increases, respectively, their purchasing power”, He stressed the iron.

He says Albania has some benefits.

Its economics strengthens with new investments, capital growth and potentially greater circulation in the investment market. In addition to investments in real estate, consumption and other support investments increase and potentially increase afarism”, Got him for Front.

Jurisan Asdren Bytyqi said it is not ruled out that some Kosovars buy property to flee control of property.

Albania's “in particular has brought increased interest in investment in these areas. It is not ruled out by a certain number of buyers, which this investment is made to avoid controlling wealth in Kosovo, without financial coverage of property background”, 

Real estate companies: Heavenly Demands and Prices, Durres and Strygini top destinations

Kosovo Company A CCESS Real Estate says demands for the purchase of real estates from Kosovars in Albania have doubled. The favorites remain coastal areas.There's more interest. When the quake occurred, only then has the demand dropped, then it has gone increasing, last year the interest is twice as high, the preferential areas are Durres and the Strygini”, They're told by this company of iFront.

Company “Star Realstatte”, which operates in Albania, has shown “meny” with prices there.

“Vlora and Saranda are more expensive. The cheapest brand and Durres. In Saranda, you can find no residence under 100,000 euros, but in Durres you can find 70-80 thousand euros”, They said from this wealthy company.

The cost of construction increased after the cement price was raised.