Albania: a new market in the middle of Europe








Albania:
map of important cities



Country informations
Capital
Tirana (pop. 2006 ~1.000.000)
(and largest city)
41°20′N 19°48′E
Official languages
Albanian
Government
Republic
- President
Alfred Moisiu
- Prime Minister
Sali Berisha
Independence
From Ottoman Empire
- Date
November 28, 1912
Area

- Total
28 748 km˛ (139th in the world)

11,100 sq mi
- Water (%)
4.7%
Population

- 2006 estimate
3,581,655 (134th)
- Density
123/km˛/km˛ (63)

318.6/sq mi
GDP (PPP)
2005 estimate
- Total
$16.9 billion (112th)
- Per capita
$5,405 (100th)
HDI (2003)
0.780 (medium) (72nd)
Currency
Lek (ALL)
Time zone
CET (UTC+1)
- Summer (DST)
CEST (UTC+2)
Internet TLD
.al
Int. Calling code
+355


(from WikipediaŠ)

Albanian Real Estate market informations

"Albania: An Investments Prespective 2005"
     by TIME - CNN- Fortune
"Status of Land Reform and Real Property Markets in Albania 2006"
     by World Bank Office, Tirana


Registering Property in Albania
from www.doingbusiness.org - worldbank.org




Nature of Procedure (2006) Proc # Duration (days) US$ Cost
The seller obtains an ownership title certificate 1 10* 28.42
Verification of property certificate and relevant map at the Real estate property Registry 2 2* 14.21
Comparison of indicative property map with the real situation and position of the land 3 1* 396.04
To obtain a certificate from the local authorities certifying that the seller is the sole owner and is allowed to sell the land 4 5 52.81
Notarization of the sale and purchase contract by a Notary Public 5 1 194.21
Payment of income tax at a second-tier bank 6 1 3,870.00
Application for the registration of the real estate property with the relevant Real Estate Registry Office under the name of the buyer 7 30 42.63
Totals:
7 47 $4,598.32
Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*).

for more details go to:
http://www.doingbusiness.org/ExploreTopics/RegisteringProperty/CaseStudy.aspx?economyid=3

How to start a business in Albania:
http://www.doingbusiness.org/ExploreTopics/StartingBusiness/Details.aspx?economyid=3



About us | Legal Disclaimer | Links





Pagerank patatrak