Tirana is rapidly transforming, and the real estate market is the clearest reflection of this change. New developments in the capital are pushing the market toward increasingly higher prices, especially in elite projects.

“The prices we’ve seen and read about mostly refer to residences and elite towers, which target a premium category of clients. Not all towers in Tirana follow this pricing. Some towers may reach these prices, but only when they become livable. They’ll feature pools, higher standards, top quality, and will cater to a highly exclusive clientele,” said Orgest Beti, a real estate agent.

Beti emphasized that despite the high prices, demand remains strong, not only from foreigners but also from the Albanian diaspora.

“It’s not just foreign citizens — we have Albanians, members of the diaspora, and emigrants who are interested in buying. We’re seeing this not only in towers but also in the demand for standard apartments and vacation homes along the coast,” he added.

Currently in Tirana, apartment prices range from €2,000 to €6,000 per square meter. However, in the coming years, this figure is expected to rise to €10,000 — particularly for buildings that have not yet been constructed and are expected to be completed within the next decade.

“There’s a saying we often use: ‘The best time to buy was yesterday.’ The market is experiencing a progressive increase in demand, driven by tourism and foreign investment, as Albania is seen not just as a place to live, but also as a source of income,” Beti noted.

The large-scale constructions expected to begin in 2025 may take 5–6 years to complete, radically changing the urban landscape of the capital over the next decade.