Property prices – where is it cheapest?

Seaside apartment prices differ significantly across these three countries. While prices in Croatia and Greece have already reached 4,000–6,000 EUR/m², in Albania it is still possible to find modern apartments for around 1,500–2,500 EUR/m². This means that in Albania, you can buy a larger and better-located apartment for the same price as a smaller unit in Croatia or Greece.

Comparison of average property prices:

• Albania: 1,500–2,500 EUR/m²
• Croatia: 4,000–6,000 EUR/m²
• Greece: 3,500–5,500 EUR/m²

Rental yield

Short-term tourist rentals in Albania are still more profitable than in Croatia or Greece. The reason is not only the lower purchase price, but also the growing interest in this destination. Investment returns in Albania range around 8–12% per year, while in Croatia and Greece yields are lower due to higher acquisition costs and strong competition.

Average annual yield from short-term rentals:

• Albania: 8–12%
• Croatia: 5–8%
• Greece: 4–7%

Tourism and demand for accommodation

In recent years, Albania has seen a sharp rise in tourism. In 2023, Albania welcomed more than 10 million tourists, representing a multiple increase compared with previous years. While Croatia and Greece have stable but already saturated tourism markets, Albania is still in an expansion phase, which means that demand for accommodation continues to grow.

Tax and legal conditions

Albania is far more welcoming to foreign investors than Croatia or Greece. There are no restrictions on foreigners buying property, the ownership transfer process is straightforward, and the tax burden is lower.

• Property tax in Albania is lower than in Croatia and Greece.
• Rental income tax in Albania is around 15%, which is a competitive rate compared with other European destinations.
• Entry costs and the administrative process are simpler and cheaper in Albania than in Croatia, where regulations are stricter.

Infrastructure and accessibility

Croatia and Greece have well-developed infrastructure, which is a major advantage. However, Albania is investing billions of euros in modernising roads, airports and ports. For example, the new international airport in Vlorë will significantly improve access to this area. As infrastructure develops, property prices are also expected to rise.