Due for completion in June 2008, apartments in the Terranova Residence provide the opportunity to invest in a one, two or three bedroom property set against the backdrop of a rapidly growing Capital city which is currently experiencing strong levels of growth. Whilst in the building stage, all apartments are priced at between 570 and 690 Euros per sqm, a price that is expected to rise by 20 – 25% following completion.
The Terranova Residence is a contemporary scheme of one, two and three bedroom apartments in what has been designed to be an affordable, yet practical development, providing a perfectly balanced lifestyle for its residents and an unbeatable opportunity for investors.
The Terranova Residence is a freehold mixed use building comprising commercial ground and lower ground and residential upper parts with a total of 10'000m2. The commercial areas comprise mini-market, laundry services, restaurant and bars on the ground floor.
Each apartment will be supplied finished with double glazing, ceramic tiled floors and electrical, telephone and TV connections. The bathrooms will come complete with porcelain fittings, chrome taps and pipe work and an electrical boiler will fitted in each apartment. Central heating and air conditioning are optional
Five key reasons to buy:
1. Albania's low inflation, budget surplus and stable government is attracting high levels of foreign private investment
2. EU Pre-accession Assistance will provide a total of €11 billion over the period 2007-2013
3. New roads are being built linking Vlora to Tirana and the new terminal that is already open at Tirana Airport increase accessibility
4. GDP Growing at a healthy 6% per year and set to accelerate
5. Just a 3 hour direct flight from the UK
Some Important Points To Consider When Choosing Which Agent to Use When Buying in Albania….
Unlike other agents selling property in Albania, we always undertake due diligence checks on the property and ensure that ALL the necessary documentation is in place PRIOR to marketing.
Unlike other agents selling property in Albania, we try to personally view all developments prior to marketing during our regular visits to the country.
Unlike other agents selling property in Albania, we can provide a full property management, maintenance and rental service following purchase through our partner agency, the largest estate agency in Albania.
Unlike other agents selling property in Albania, we can provide furniture packages directly to our *s in order to complete their purchase.
Reservation fees are sometimes paid to agents however the purchase price for the apartment should be paid to the Developer, not an agency or third party.
Although we undertake a thorough due diligence check on all of the properties that we market, we advise any potential buyers to appoint a lawyer to independently check the building and planning permissions and ensure that they will obtain clear title to their property following the completion of the building and final payment. For all of the developments that we market, we can advise of an independent lawyer to work on your behalf.
Enquire now for full and comprehensive guidance to buying property in Albania.
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