Contrary to what was announced by Prime Minister Edi Rama, the revaluation of real estate for the purpose of reducing the capital gains tax on sales will not be possible until January 2025. Last July, Rama said the tax would be reduced from 15% to 5% and that the law would come into effect at […]
Real estate sales: Parliament postpones tax cut to 2025 Read More »
The cut tax in the real estate revaluation is due to come into force at the end of September, but the rate will not be the one proposed in Parliament by Socialist MP Blerina Gjylamenti on May 15, namely 3%. During the recent meeting with mayors, Prime Minister Edi Rama said that the new law
Real estate sales: tax cut still under discussion Read More »
The Albanian government has presented a proposal to Parliament to restart the property revaluation process, align housing prices with current market values and reduce tax on home sales from the current 15% to 3%. The proposal includes apartments, commercial units and land owned by both private citizens and businesses. If the bill is approved, the
Proposal to reduce tax on home sales from 15 to 3% Read More »
According to the data of the Bank of Albania, in the first six months of the year, the number of foreign direct investments hit a new record, with a total value of 686 million euros (+ 7.9% compared to the same period in 2022). 51% of foreign direct investment is made up of reinvested profits,
Foreign investments in Albania: new historical record Read More »
The Albanian real estate market achieved record figures in 2022: according to data from the Bank of Albania, foreign investments reached a total value of 292 million euros, with an increase of 52% compared to the previous year. The real estate sector has absorbed 21% of foreign direct investments, thus assuming a driving role in
Foreign investments in Albania: in 2022 record figures in the real estate sector Read More »