OFFPLAN NEWS

(21.05.2007 )
Albania real estate General Overview: Albania

Albania is an attractive country with many holiday apartments in Albania, which have a lot to offer. The whole package varies from it’s great nature, mountains, rivers, woods, skiing and unspoiled natural parks to it’s unique culture, folk, culinary, religion harmony, and of course people. The combination of all those components gives a unique high-valued product, which unfortunately is not quite often promoted as it should be. It is very rare to find this variety of nature in such a small area; in less than three hours you can visit mountains, beaches and forests. The variation of landscapes is a great, unique experience for visitors.
The fast increase of the world-wide demand for adventure tourism, eco-tourism, and cultural and personal experiences is a great challenge and opportunity for our country to develop its short-term offer, in order to have high-quality options of all those kinds of tourism. Albania has great potential for the development of all these forms of tourism, and together with a better promotion and investment plan, and better human resources, the full potential can be unlocked so that tourists can experience the “pleasant unspoken truth” about this country.
The most developed type of tourism in Albania is currently beach tourism. But this form of mass tourism has in many cases caused total destruction of local natural resources. Many areas are not attractive enough, or any more, in order to generate new offers, or to attract tourists with more money to spend. Most tourists are currently Albanians from landlocked Kosovo and Macedonia who often come in Albania for practical and patriotic reasons (ie no language problems), visa-free travel, cheap accommodation and packages, and easy connections.
The state realises the potential and has paid much attention to tourism. The approval of the law on the “Stimulated Person” (which creates temporary tax exemptions for the legal persons intending to invest in tourism) is proof of its intention to develop this important sector. Furthermore, lack of other promising industries imposes the development of tourism as a priority sector for the generation of income.
However, the state has difficulties in understanding that tourism development is very complex, and because of that, implementation problems arise. To increase the potential of the tourism industry, the state must not just create a positive investment climate, but also promote development of other industries, infrastructure, people, transport, communications, guarantee clear land ownership, etc. Without a balanced growth of all sectors, tourism will not have the weight in the Albanian economy that is deserves.

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