How much does an apartment cost in European metropolises? Property prices in Albania still "bargain" compared to Europe
The real estate market in Albania continues to remain among the most competitive in Europe in terms of prices, although in recent years it has faced a significant increase in demand and values in major urban areas. According to a summary published by Investropa, which refers to sources such as the Bank of Albania, Numbeo, the IMF and the World Bank, average prices per square meter in the center of Albanian cities remain significantly lower compared to most European capitals.
In Tirana, the average price per square meter in the city center is estimated at around 2,535 euros. Meanwhile, in Durrës this price is around 1,492 euros per square meter. The differences between the cities are mainly related to geographical position, economic development, tourism intensity and demand for properties in central areas or near the coastline.
However, when compared to developed European markets, prices in Albania remain several times lower. In cities like Zurich or London, average prices in the center exceed 16 thousand to over 20 thousand euros per square meter. Even in Paris or Luxembourg, values are many times higher than in Tirana. This large difference reflects not only the purchasing power and income level in these countries, but also the high demand pressure in markets with consolidated economies.
In the region, the picture is more intermediate. Cities like Zagreb, Belgrade or Sofia present prices that in some cases approach Tirana or easily exceed it, showing that the Albanian market is among the cheapest in the Balkans, but still remains competitive according to the type of construction.
The increase in prices in Albania in recent years has been driven by several factors: the expansion of the construction sector, the growth of tourism, diaspora investments, and increased interest from foreign buyers, especially in coastal areas. In Tirana, the development of new residential and commercial projects in the center and surrounding areas has increased supply, but demand has remained strong, supporting current price levels.
How did this week end for the major currencies?
The US dollar closed this week negatively, losing points again this morning compared to yesterday, as it was bought today for 81.1 lek and sold for 82 lek......
EIB commits 882 million for the Western Balkans - In 2025, financing for transport, energy security, digitalization
In 2025, the European Investment Bank (EIB) group continued its financial support to the Western Balkans, in close cooperation with the European Commission,......
1,500 additional quotas for soft loans in Tirana - Program, in support of young families and couples without housing
The Tirana Municipal Council has approved 1,500 additional quotas for the soft loan scheme, as support for young families and couples who want to buy an......
Americans are leaving the country in record numbers - An opportunity for a more peaceful life and higher income
The number of people leaving the United States last year exceeded the number of people entering, and this disparity is not just due to tough immigration......
Germany is aging faster - Fewer births due to economic problems and global uncertainty
Every woman in Germany gives birth to 1.35 children. This is far from the statistical figure of 2.1 needed to maintain the population, according to......
Europe, global leader in smoking - WHO report: 4 million adolescents use these products
The World Health Organization's European Region, which includes 53 countries in Europe and Central Asia, is projected to remain the world's largest consumer......
"Families are not benefiting from low inflation" - ECB President Lagarde: This is a global phenomenon
Narrowing the gap between perceived and actual inflation could bring significant benefits to the eurozone economy, said European Central Bank (ECB) President......
Albana Koçiu, career from head of administration to number two in the government
Albana Koçiu will be the Deputy Prime Minister of Albania, leaving the post she held as Minister of the Interior. Albana Koçiu was born in Tirana, on July......
