Paying for Property from Abroad

If you are buying property in Albania while living abroad, arranging payment correctly is an important part of a smooth purchase. With a little planning, transferring funds from overseas is straightforward. Here is what to know.

International Bank Transfers

Most international buyers pay by bank transfer from their home country to Albania. Plan this in advance, as international transfers can take a few days and may involve intermediary banks and fees. Confirm the exact account details carefully.

Proof of Funds

For larger transfers, banks may ask for proof of the source of your funds as part of standard anti-money-laundering checks. Having documentation ready, such as bank statements or sale proceeds, makes the process smoother.

Currency and Exchange

Consider how currency exchange affects the amount received. Compare your bank's rates with specialist currency transfer services, which can offer better rates and lower fees for large sums.

Timing

Coordinate the transfer timing with your lawyer and the signing so funds arrive when needed. Never rush a payment, and always complete legal checks before sending money.

Security

Only transfer to verified accounts confirmed through your lawyer and the notary. Be very cautious of any last-minute changes to bank details, and confirm details directly with trusted parties.

Tips

• Plan transfers early to allow for processing time.
• Keep proof of the source of funds ready.
• Compare exchange rates and fees.
• Verify account details directly, never from a rushed email alone.

FAQ

Can I pay from abroad? Yes, most international buyers pay by bank transfer.

How long does a transfer take? Often a few days, so plan ahead.

If you would like, tell us your situation and our team will happily help you plan a secure payment, free.