Property Prices in Tirana, Albania

Index Info
Price to Income Ratio: 15.87
Mortgage as Percentage of Income: 134.59%
Loan Affordability Index: 0.74
Price to Rent Ratio - City Centre: 22.29
Price to Rent Ratio - Outside of Centre: 17.91
Gross Rental Yield (City Centre): 4.49%
Gross Rental Yield (Outside of Centre): 5.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 51,750.29 Lek 42,000.00-70,495.10
Apartment (1 bedroom) Outside of Centre 34,877.00 Lek 30,000.00-45,000.00
Apartment (3 bedrooms) in City Centre 99,078.14 Lek 70,000.00-176,952.65
Apartment (3 bedrooms) Outside of Centre 61,247.61 Lek 45,318.28-80,565.83
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 24,046.95 Lek 18,580.45-37,160.91
Price per Square Feet to Buy Apartment Outside of Centre 12,520.68 Lek 9,355.94-15,905.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 62,014.21 Lek
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.83 3.50-8.50

These data are based on 322 entries in the past 18 months from 50 different contributors.
Last update: April 2024

Sources and References
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