Apartment prices will continue to rise. Construction costs, but also increasing demands, are the main factors. The pace will not be the same as last year.

“There is stability, the growth is more in the most elite areas and those under construction. It is understood that in each construction phase the growth is gradual. The last client is the one who is affected”, said Romina Elezi, real estate consultant.

Last year there was an increase of almost 30% more. According to the data, the increase in costs in construction was led by the increase in expenses that companies make for energy, but also those of salaries for employees. But energy and wages weren’t the only construction cost items that went up. The construction materials showed the same trend, although at a slower pace.

“The tax that a builder receives the permit used to be 4%, now it is 8%. We only provide a service, we do not increase the price, we give information on what taxes they have to pay and what happens is that the tax or the increase in the area they have is added to the final price”, said the real estate consultant, Romina Elezi.

Beyond the increase in prices, a high demand for obtaining a home loan is being observed. But there are also quick purchases.

“It is young families and emigrants who buy. Owners are also educated about credit purchases that are delayed by 1-2 months, they have no problem. There are also those who have emergency mode. We call this a quick purchase and they eliminate the credit part. They don’t have the right information”, said Romina Elezi.

The way of securing a home has also changed the culture of the chosen one. 4 walls are no longer important, but what the area offers. In this case, they prefer to compromise on the price but not the area.