Property Prices in Tirana, Albania

Index Info
Price to Income Ratio: 15.93
Mortgage as Percentage of Income: 135.14%
Loan Affordability Index: 0.74
Price to Rent Ratio - City Centre: 21.99
Price to Rent Ratio - Outside of Centre: 18.01
Gross Rental Yield (City Centre): 4.55%
Gross Rental Yield (Outside of Centre): 5.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 52,847.56 Lek 45,000.00-70,415.69
Apartment (1 bedroom) Outside of Centre 35,381.40 Lek 30,000.00-45,000.00
Apartment (3 bedrooms) in City Centre 101,080.53 Lek 70,000.00-175,255.59
Apartment (3 bedrooms) Outside of Centre 61,807.63 Lek 45,267.23-80,475.07
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 24,220.58 Lek 18,580.45-32,515.79
Price per Square Feet to Buy Apartment Outside of Centre 12,746.56 Lek 10,219.25-15,887.17
Salaries And Financing
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Average Monthly Net Salary (After Tax) 62,437.44 Lek
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.83 3.50-8.50

These data are based on 318 entries in the past 18 months from 48 different contributors.
Last update: May 2024

Sources and References
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