Albania could attract international mortgage applicants

Mon, 20 Feb 2012
Albania may prove an attractive option for international mortgage applicants looking to purchase a second home overseas.

Ravin Maharajah, partner of Lalzit Bay Resort and Spa, has noted the country offers many promising opportunities for those looking to set up a dwelling in sunnier climes.

House prices in the nation are among the cheapest to be found in Europe, while greater tourism numbers and economic growth are also going in its favour.

Mr Maharajah said: "There is no doubt that the outlook for Albania is positive and we are excited to be delivering one of the most exciting and innovative developments in not only Albania but Europe."

As well as the good house values on offer, international mortgage applicants may also be tempted to set up home in the Balkan nation due to its Mediterranean climate, scenic views and historical buildings.

Last week, Taylor Wimpey Spain noted fellow European country Spain is continuing to attract property investors, with the nation experiencing a significant rise in visitor numbers during the first ten months of 2011 when compared with the same period a year earlier.
 
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