Costs & Taxes When Buying Property in Albania

When budgeting to buy property in Albania, it is important to look beyond the purchase price. Overall transaction costs are reasonable compared with much of Europe, but planning for them avoids surprises. Here is what to expect.

Notary Fees

The notary formalises the sale, and their fee is usually a modest percentage of, or a set amount related to, the property value. This is a standard and necessary cost.

Registration Fees

Registering the property in your name at the property registry involves a fee, ensuring your ownership is officially recorded.

Legal Fees

Hiring an independent lawyer to carry out due diligence and manage the purchase is highly recommended. Their fee is a worthwhile investment for a safe transaction.

Transfer Tax

A property transfer tax may apply on the sale, typically related to the value or type of property. Your lawyer will confirm what applies to your purchase.

Agency Fees

If you buy through a real estate agent, an agency commission may apply, so clarify this in advance.

Ongoing Costs

After buying, budget for the annual property tax, which is generally low in Albania, plus building maintenance or management fees for apartments, and utilities.

Tips

• Budget several percent of the price for total transaction costs.
• Confirm who pays the agency fee before agreeing.
• Ask your lawyer for a full cost breakdown.
• Factor in ongoing annual costs.

FAQ

Are buying costs high in Albania? No, they are reasonable compared with much of Europe.

Is annual property tax expensive? Generally it is low compared with many countries.

If you would like, tell us the property you are considering and our team will happily outline the likely costs, free.