Personal experience: apartment on the sea front in Vlora. Albania

No wonder the Chinese have made the character “crisis” of two parts – the “danger” and “opportunity.” It turned into new opportunities for Mary of St. Petersburg economic turmoil of recent months in Russia. In November 2014 she became the owner of the apartment by the sea in Albania.
Region: Vlore, Albania
Object: apartment 100 sqm on the sea
Price: € 55 thousand.
The deal: buying on the secondary market in November 2014
– One of the most common rumors, Albania – Muslim country. I travel a lot, and in Muslim countries was too, so that’s Albania with them has nothing to do.

– Vlora has a port where there is a daily ferry service to Italy and Greece. With regard to the nature, then we shook the mountains, densely covered with pine forest, clean air and exceptionally beautiful views.

– As regards the content of the object, we promised a year is ridiculous, in my opinion, worth about € 70 for maintenance of the complex.
About desires

The desire to buy property abroad, I had a long time ago. And this year aggravated because, in my opinion, the aggressive behavior of my country in the international arena. I wanted to buy a house or apartment abroad for a seaside holiday. Of course, one of the goals was a profitable investment.

I originally considered as a country for the purchase of housing Montenegro. But I was scared off property prices in this country. But after a trip to Albania my brother had the idea of a joint purchase of an apartment in this country. I was attracted to the cheapness and the opportunity to become the owner of an object with a great location right on the beach.

Naturally, I had concerns about the fact that I can cheat in the transaction. They are fueled by a bunch of stupid rumors about Albania, which have nothing to do with reality. For example, one of the most common, Albania – Muslim country. I travel a lot, and in Muslim countries was too, so that’s Albania with them has nothing to do. I basically do not see signs of the Albanian any religion, and if you look at history, the way it was – 50 years, Albania has been a secular state. This time is quite enough to educate several generations of atheists. By the way, we were just in this country, during one of the biggest Muslim holidays, Eid al-Adha, and did not see any signs that people noticed it.

But now I am a happy owner of an apartment with total area of 100 square meters, situated on the top floor of an eight-house in Vlora. The beautiful view of the sea, the object is located on the first line. I plan to go there two or three times per season.
About choosing and buying

Search for properties in Albania, I started with the Internet. In early October, my daughter and I visited this country. Even before I sent out several applications in different Albanian real estate agency. The first to respond was the agent through whom I eventually got an apartment. With him it was convenient to communicate, considering his excellent Russian. So my choice, and fell upon this agency. On the subject, we were determined on the spot, but initially I watched them on the Internet. The decision was taken for two or three days.

In total we saw about 10 apartments Durres and somewhere 10-13 apartments in Vlora. Vlora I planned to see at once, since my brother liked it, but after reading about the real estate market in Albania, we saw and Durres. As a result, the choice fell on Vlora. In this city, we caught what is the port is a daily ferry service to Italy and Greece. With regard to the nature, then we shook the mountains, densely covered with pine forest, clean air and exceptionally beautiful views.

The apartment on the secondary market price attracted us. But even in the purchase of real estate I am guided by the general impression, that is choose an object to which “the soul lies.”

I made a pledge, as took money with them, but in principle it was not necessary, as the contract with the notary registers the stipulated time for the transfer of funds from us, it was 20 days.

The transaction took place exactly one month later. It could have been faster just because the purchase was for two, we waited until the two powers of attorney from different places “would get” to Albania. In general, everything was very simple. We have issued a power of attorney to a realtor, after having visited a notary. When they were received by the notary, transferred funds to the notary in equal parts (it was so under the terms of our purchase agreement – 50 to 50). Then the agent has signed an agreement on our behalf, and where some five days later sent us a formalized certificate of ownership.

On the status and plans for the future

Now we are completely happy with your purchase. In connection with the fall of the economy in Russia, it should be noted that it was a good deal. At the moment, because the property is acquired in the secondary market, need renovation and purchase of furniture. In this we are going to take the help of our estate agent, but after the New Year. Donating object we are not planning to rent.

When we have in the country, the following representatives of the apartment realtor, he has the keys. As for the content of the object, we promised a year is ridiculous, in my opinion, worth about € 70 for maintenance of the complex. More will be utilities, but the exact amount, I do not know yet.

In May we are going to come into a new apartment with his family and friends. In the future, we plan to rebuild the little object inside. As for permanent residence in Albania and permanent, then we have the idea of doing business in this country, but now it’s only intention.

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