How did infrastructure projects affect property prices? Areas near major projects benefit from increases of 10-20%
Three major infrastructure projects are expected to have the biggest impact on the Tirana property market over the next five years: the city's Grand Ring Road, the electric bus system with a dedicated line (e-BRT), and the railway investment in the Tirana-Durres corridor.
According to Investropa’s analysis of the impact of infrastructure on the real estate market, properties located near large completed projects typically sell at a premium of around 10% to 20% compared to similar properties that do not have this accessibility advantage. This effect is expected to be typically strongest in the first few years after the project is completed.
The areas expected to benefit most from these developments are Astiri, Kombinati and Yzberishti along the Grand Ring Road, as well as communities along the Durrës–Tirana axis, where the improvement of the rail connection is expected to increase access and demand for housing.
At the same time, demographic factors are expected to play a significant role in increasing property prices. Although population growth at the national level in the country remains modest, Tirana continues to be the main destination for internal migration, keeping housing demand above the national average.
Another important factor is the creation of smaller and younger families, who need more housing units per capita and prefer modern apartments in areas with good transport links.
For this reason, the properties that are expected to benefit the most from these developments are new 1 or 2 bedroom apartments in the inner and outer ring neighborhoods of Tirana, especially in areas where infrastructure and transport links are improving. In the 5-year timeframe, the combination of investments in transport and increased demand from internal migration and diaspora is expected to keep the Tirana property market on an upward trend.
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