Apartment prices per square meter have not changed significantly. One of the reasons is the high number of uninhabited apartments, which has affected the stability of the market. However, the future is expected to bring changes. “From the beginning of 2025 to today, there has been no increase in prices in Albania, especially in Tirana. This is expected to happen, given that 180 construction permits have been approved in the Tirana area,” says Romina Elezi, a real estate agent for Euronews Albania.

According to the Fischer index, published by the Bank of Albania, housing prices in the capital have increased by 40% over the last 10 years. In the first half of 2024 alone, prices increased by 16.9% compared to the end of 2023, where Tirana marked a record with an increase of 25.3%.

“The most expensive area remains the city center, followed by the Blloku area and the Farka Lake area. Prices in the center start at 2,500 euros per square meter, going up to 4,500–5,000 euros. Meanwhile, in Bllok prices start at 4,000 euros per square meter,” Elezi said.

According to the 2023 Census, the number of families in Albania has increased to 760 thousand (or 4.9%), while the number of uninhabited homes has tripled – from 101 thousand in 2011 to 356 thousand in 2023. Currently, about one in three housing units in the country are empty, compared to one in five units 12 years ago. This phenomenon has also been observed in some areas of Tirana.

The most economical area remains that of Astir, where prices range from 1,000 to 1,500 euros per square meter. In Paskuqan, prices are around 850–1,200 euros per square meter, while in the Fresku area, they have exceeded 1,000 euros. Most purchases are made in the more economical areas. What has changed is that there are fewer buyers though leaning, while there are many immigrants who have bought properties for investment,” says Elezi.

Meanwhile, the situation is different in the countries of the European Union. According to Eurostat data, in the fourth quarter of 2024, housing prices in the EU increased by 4.9%, while rents increased by 3.2% compared to the same period last year.