ALBANIA
The Government of Albania (GoA) and the Albanian Investment Corporation (AIC), in collaboration with the National Territorial Planning Agency (AKPT) are inviting candidates to transform two state-owned areas in the capital Tirana into private investment zones with offices for the state administration. The areas will be developed under a public-private partnership, with the state contributing the land and private investors carrying out the construction works, including offices for several state agencies, AKPT said.
BULGARIA
Bulgarians own properties across various countries in the Balkans and the European Union. Additionally, some citizens own properties in less commonly chosen destinations, including Andorra, Argentina, Armenia, and others, Novinite reported. According to publicly available information from the National Revenue Agency, 3,604 Bulgarian residents have properties abroad, all of which have been duly declared to the agency.
CROATIA
The Croatian real estate market has entered a new cycle, marked by a slowdown, which primarily reflects the decline in real estate sales, it was said on May 19 at the opening at 37th Real Estate Business Forum in Zadar, organized by the Croatian Chamber of Commerce and the Real Estate Business Association, HINA reported.
CYPRUS
Cyprus property sales dropped in May, with the total number of sales contracts deposited at Land Registry offices across the island decreasing by 17% on an annual basis, according to official figures from the Department of Lands & Surveys. Paphos reported the sharpest fall of 30% followed by Limassol (20%), Famagusta (18%), Larnaca (8%), and Nicosia (7%). The figures from the Department of Lands and Surveys include residential properties as well as commercial property, retail premises, offices, warehouses, and land.
GREECE
The majority of Greek homebuyers (70%) prefer to invest in affordable older units (built over 20 years ago) within their financial abilities with the aim of their houses gaining value appreciation through renovation and energy upgrades down the road, according to a study by RE/MAX Hellas. Top choices are residences units (apartments, single-family homes, and maisonettes), followed by land plots and agricultural plots.
ROMANIA
To read about Romania’s real estate market click here
SERBIA
Agricultural land prices increased by 4% y-o-y in 2023, but they remain highly affordable. Land prices in Serbia can range from €300 to €36,000 per hectare (10,000 sqm). The average price per hectare is set at €7,500, as per NTL Trust.
