Property Prices in Tirana, Albania

Index Info
Price to Income Ratio: 15.92
Mortgage as Percentage of Income: 135.06%
Loan Affordability Index: 0.74
Price to Rent Ratio - City Centre: 22.00
Price to Rent Ratio - Outside of Centre: 17.70
Gross Rental Yield (City Centre): 4.55%
Gross Rental Yield (Outside of Centre): 5.65%
Rent Per Month
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Apartment (1 bedroom) in City Centre 52,342.66 Lek 42,000.00-70,765.93
Apartment (1 bedroom) Outside of Centre 35,065.83 Lek 30,000.00-50,000.00
Apartment (3 bedrooms) in City Centre 101,232.63 Lek 70,000.00-175,903.47
Apartment (3 bedrooms) Outside of Centre 61,864.96 Lek 45,492.38-80,875.34
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 24,120.20 Lek 18,580.45-37,160.91
Price per Square Feet to Buy Apartment Outside of Centre 12,471.59 Lek 9,861.47-15,966.19
Salaries And Financing
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Average Monthly Net Salary (After Tax) 61,839.47 Lek
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.83 3.50-8.50

These data are based on 329 entries in the past 18 months from 51 different contributors.
Last update: April 2024

Sources and References
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