1 Bed Apartment for sale in Sarande, Albania

Saranda Iliria offers the most amazing views over Saranda Bay and onto Corfu. There is sea view even on the first floor of the building. Saranda Iliria is a new development in Saranda, situated in a favorable position on the downside of Saranda’s Fifth Road. Fifth road is the newest road in Saranda city centre and is becoming sought after, not only because the municipal government have applied strict conditions on developers constructing here, in terms of height and building lines (which has not always been the case in Saranda), but because significant funds have been invested into the provision of the drainage system running underneath this road and lighting.

Saranda Iliria will consist of 8 floors with the first floor intended for commercial usage, such as coffee bars, and boutiques. The remaining floors are designated for residential use. We are advised that all residential apartments are to have sea views.

Apartments will be 1 and 2 bedroom apartments. One bedroom apartments will range from 48m² - 68m² and the two bedroom apartments will range from 80m² - 1 07m². There will also be a penthouse measuring 220 m². In addition the development will provide 25 parking spaces, and a space may be reserved at the cost of €9,000.

Key Features
• Just released 10% under market value
• Apartments from only €670 Euro per m2, or from €39,195
• Quality construction and finish
• Expected Capital Growth 25% during first year
• Yields for this area are expected to be around 7% pa
• Parking available for every apt inside and outside of the residence
• All apartments with glorious sea view
• Maintenance fee approx €20 per month
• 10 min walk to Corfu ferry , good rental feature
• Views forever unobstructed.
• Clean in title. Full documents available
• Cafes and shops within residence
• Lift in the building

WHY ALBANIA

? 22% growth in Tourism
? 20% growth in number of passengers flying in Tirana International Airport
? Direct daily flights of British Airways, Lufthansa, Austrian, Alitalia
? 1.5 billion Euro invested in infrastructure projects recently
? NATO member since 2008
? EU member on 2014
? 500 mil Euro from EU funds
? 10% Profit tax
? 10% Income tax
? No Property Tax
? No VAT on property transactions

ALBANIA IS ABOUT TO BE THE LATEST HOTSPOT OF THE PROPERTY WORLD

? Its a small Balkan country of a population of 3.6 million
? has An area of 28,748 km2
? It borders Montenegro to the north, Kosovo the northeast, Macedonia east, and Greece to the south and opposite the ‘heel’ of Italy
? It has 362 km of beautiful coastline: Adriatic Sea to the west and Ionian Sea to the south-west.
? Albania is a relatively undiscovered jewel off the beaten track, offering a wealth of stunning scenery, history and culture
? A warm Mediterranean climate encourages a slow pace of life and holiday makers will find it easy to slip into the meandering life style
? If the clear blue waters do not entice you on to the beaches, other activities abound. From leisurely trips to many historical sites, to exploration across the national parks, there is something for everyone
? For real adventure: diving, white-water rafting, climbing, and paragliding are activities on offer
? Albania has an impressive GDP growth of 6 % pa,
? Inflation steady at 2.5%
? Property sector increasing circa 20% pa
? A very strong local property market