Property Prices in Tirana, Albania

Index Info
Price to Income Ratio: 15.49
Mortgage as Percentage of Income: 131.88%
Loan Affordability Index: 0.76
Price to Rent Ratio - City Centre: 21.64
Price to Rent Ratio - Outside of Centre: 17.23
Gross Rental Yield (City Centre): 4.62%
Gross Rental Yield (Outside of Centre): 5.80%
Rent Per Month
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Apartment (1 bedroom) in City Centre 53,674.90 Lek 45,000.00-80,000.00
Apartment (1 bedroom) Outside of Centre 37,099.71 Lek 30,000.00-50,000.00
Apartment (3 bedrooms) in City Centre 103,237.49 Lek 70,000.00-150,000.00
Apartment (3 bedrooms) Outside of Centre 63,264.78 Lek 50,000.00-80,315.01
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 24,274.45 Lek 18,580.45-32,515.79
Price per Square Feet to Buy Apartment Outside of Centre 12,650.22 Lek 10,259.49-15,855.57
Salaries And Financing
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Average Monthly Net Salary (After Tax) 64,136.64 Lek
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.88 3.50-8.50

These data are based on 325 entries in the past 18 months from 48 different contributors.
Last update: July 2024

Sources and References
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