Surge of confidence in Albanian economy as foreign interest continues to impact
- Foreign visitors to Albania increase by 1.3% in Q1 2015 compared to same period last year
- Foreign Direct Investment (FDI) amounts to over €258 million in the first quarter of 2015
- Business and individuals’ confidence in Albanian economy improved by 5.1 points in Q2 2015 (Bank of Albania)
Once known as the hidden pearl of the Balkans, Albania is becoming increasingly popular as a holiday hotspot with a growing number of people discovering all that it has to offer. During the first quarter of 2015, approximately 487,300 foreign visitors entered Albania, a rise of 1.3% in comparison to the same period last year.
According to the Albanian Central Bank, the first quarter of 2015 also brought with it a surge of Foreign Direct Investment (FDI), totalling over €258 million which equates to a 53% increase when compared to Q1 2014. This significant growth over the past 12 months not only highlights the overseas interest in Albania, but also hints at the country’s promising future growth if figures continue in an upward trajectory, a growing part of which is directed towards the property market.
Peter Walshe, Sales & Marketing Director of Albania’s first affordably luxurious resort, Lalzit Bay Resort & Spa, comments on the current growing interest in Albania and those looking to invest in the heart of the Balkan region,
“With foreign visitors and investment increasing consistently, Albania is creating a new name for itself as a top European destination, filled with potential, and our in-house enquiries highlight a growing interest from the international market. Emerging as a fresh opportunity, now would be an ideal time to invest as Albania continues to build on its current global attention.”
With foreign interest continuing to rise, domestic confidence in Albania’s economy and its emerging position as a sought after destination is also increasing dramatically. Published by the Bank of Albania last week, the Central Bank’s Business and Consumer Confidence Survey shows that confidence in the Albanian economy has improved during Q2 2015 by 5.1 points.
This growing confidence enhances the country’s global appeal, with investment opportunities in Albania attracting buyers from an array of different nations. The first quarter of 2015 saw Albania’s economy grow by 2.82% in comparison to the same period last year, showing the impact that this foreign interest and investment is currently having and can make going forwards.
As foreign interest in Albania continues to increase, Lalzit Bay Resort & Spa are providing a vast selection of investment opportunities to suit each individual buyer’s needs. Their beautiful beachfront resort comprises of one and two bedroom apartments and three and four bedroom villas as well as a select number of five and six luxury freehold villas.
Apartments are well designed and generously proportioned, while the villas are the height of luxury, each benefitting from the option of a private pool, with prices ranging from €50,000 for apartments and from €180,000 for villas. Just 30 minutes from Tirana International Airport, the resort is the perfect location for a beach holiday or to explore Albania’s entire coastline and stunning mountainous interior.
Lalzit Bay Resort & Spa also boasts an assortment of 5-star amenities including a beach club, tennis courts and a range of shops and eating and drinking facilities, alongside a 24 hour on-call medical service onsite and 24/7 security presence.
For more information, contact Lalzit Bay Resort & Spa on +44 845 125 8600 or visit www.lalzitbay.com