How is the housing price reference determined? - Demirxhiu: Factors are from average sales. To be indexed annually

A few days ago, the Ministry of Economy, Culture and Innovation published in the Official Gazette, the new average prices for the sale and purchase of housing in the market.

According to the cadastral areas for the 61 municipalities in the country, which result in significant growth in most of the country's territory compared to 2023.

But what do the experts say, but what are the factors that are taken into account to determine the reference price?

Ervin Demirxhiu- Property appraiser:

"The reference price is determined by the average sales in the area in question. The averages are taken, perhaps in the annual term, all the sales in the annual term, in that specific area, and the average price is set, which is and should be the price of those properties."

But according to the property valuation expert, the reference price is not a fair price.

"The reference price cannot be said to be a fair price. Because we take concretely where we are located in our office, this is a building that is by the street, but this building by the street also has commercial units that are at the back, of course it is not the same value. With the reference price these have the same value, but in reality the market price changes."

Referring to the order of the Ministry of Economy, Culture and Innovation, published in the Official Gazette, the average price of living space per m2 in Tirana is 124,316 ALL, in Durrës it is 71,157 ALL/m2.

In the municipality of Elbasan, one m2 of residential area reaches 55,400 ALL, in Fier the sales price is recorded at 55,375 ALL/m2, in the municipality of Vlora the new price is 66,680 ALL/m2. Prices have also increased in other cities, which have increased by an average of over 4,000 ALL per m2.