Albania » The Purchase Process

Purchasers of Albania real estate can hire attorneys who can help with documentation, translation, drafting of contracts, tax tips, etc. Anyone can purchase private residential property in Albania.

After selecting property to buy in Albania and signing the Albanian Property reservation agreement the property is held for usually up to a period of 4 weeks. During this period you can make your necessary checks and obtain the relevant information. The main contract can be drawn up by the property solicitor. It includes the timescales, payment terms, the property purchase price and the terms and conditions of sale. Make sure that you have copies of all contracts in English so you understand it.

The Albanian property preliminary contract is signed in front of the ‘Notary Public' by all the involved parties, this is effectively a promise to enter into a final contract to buy/sell the property After the preliminary contract  a deposit between 20-40% of the sale price is paid. The remaining balance is paid in stages as agreed with the developer and confirmed in the contract.  These stages of payments can differ from developer to developer.