Overseas property news - Popularity of albania on the up

Popularity of albania on the up

Albania's popularity among tourists is on the up, according to new figures. During the first quarter of 2015, approximately 487,300 foreign visitors entered Albania, a rise of 1.3 per cent in comparison to the same period last year.

According to the Albanian Central Bank, the first quarter of 2015 also brought with it a surge of Foreign Direct Investment (FDI), totalling over €258 million which equates to a 53 per cent increase when compared to Q1 2014. This significant growth over the past 12 months not only highlights the overseas interest in Albania, but also hints at the country's promising future growth if figures continue in an upward trajectory, a growing part of which is directed towards the property market.

Peter Walshe, Sales & Marketing Director of Albania's first affordably luxurious resort, Lalzit Bay Resort & Spa, comments: "With foreign visitors and investment increasing consistently, Albania is creating a new name for itself as a top European destination, filled with potential, and our in-house enquiries highlight a growing interest from the international market. Emerging as a fresh opportunity, now would be an ideal time to invest as Albania continues to build on its current global attention."

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