Americans are allowed to buy property in Albania, including apartments, villas, and commercial real estate, without needing residency. Foreign ownership is protected by law, and international buyers have become increasingly common in recent years.
The main limitation applies to land. Agricultural or undeveloped land cannot be purchased directly by foreigners unless they form an Albanian company. Built properties, however, are widely available and regularly purchased by foreign nationals.
Why Albania Appeals to Foreign Buyers
Albania has grown into a popular destination for tourism and second-home buyers. Its coastline offers Mediterranean beaches at a fraction of the cost found in neighboring countries, while cities like Tirana combine modern development with traditional culture.
Many buyers see Albania as ideal for:
- Vacation homes
- Seasonal rentals
- Long-term lifestyle relocation
The country is known for excellent food, fresh seafood, and strong local agriculture. Safety is another major factor, as Albania is widely considered a calm and welcoming place for foreigners.
Property ownership costs are relatively low. Annual property taxes are minimal, and rental income is taxed at a flat rate. Transactions are often cash-based, though bank transfers are commonly used.
Buying property does not guarantee residency, but ownership can support a residence permit application. US citizens are also allowed to remain in Albania for up to one year without a visa.
For those browsing listings or trying to understand regional price differences, www.keystoalbania.com offers a real estate directory and market-focused resources tailored to foreign buyers interested in Albania.
As with any international purchase, working with a local lawyer or notary is recommended to confirm ownership records and avoid complications.