Expert hails ‘incredibly resilient' albania

The global economic meltdown could see a flurry of foreign property investment in Albania, claims one insider...

According to one overseas property expert, the south-east European nation is one of the few markets to have come through the credit crunch relatively unscathed.

Les Calvert, director of the Property Abroad portal, specifically recommended the capital Tirana, where entry level foreign investors can purchase a new build apartment from as little as £17,000.

Mr Calvert said: "Albanian property...has displayed an incredible resilience to the credit crunch. We are recommending that investors get in now while prices are still relatively low."

He added that the entrance of "multi-million euro" Real Estate Investment Trusts would "practically ensure those who buy now profit greatly over the mid-long term".

Source: www.Axiafx.com