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Property for sale information

 
Tirana City Centre Residence, Tirana, Albania  
Reference nr: TR_CityCen
Description:

These one and two bedroom apartments are being built to meet the needs and demands of all clients. We have finally found the perfect development that is the closest the City Centre and yet is at a price very rarely found.

Prices start from just 51,100 euros and we have been able to agree the very best payment terms. There will be a high quality of build and finish from this reputable developer in Tirana. This area is the most in demand from all Albanians and will allow good consistent rental and capital growth. Supply will not meet the high demand. With a completion period of 2010, a down payment from only around 15,000 euros, means that you have the very best chance of leverage and making the most of the capital growth.

Finance will be available on completion, subject to status and conditions laid down by the bank. This is the best Albania Property for investment in Tirana today. Now Tirana represents 1/3 of the total population of Albania. 70% of the businesess are operating in Tirana area

KEY FEATURES:
Perfect Location - very close to the City Centre of Tirana
Very low cost for the area and high high build quality.
High growth area
Only 800 €/1m2 vs 900€/1 m2 from competition
Apartment sizes from 64 m2
All apartments have a dedicated underground Parking

Average rental yields of 7.0 % achievable based on comparables
2 lifts for every entrance
5 minutes walk from the Engineering faculty of Universtiry of Tirana
Windows double glazed
Electric heating
Ceramic tiled floor
Satellite tv
Telephone outlet

The project contains in its first floor all the services of:
• Supermarket
• Medical centre
• Drug store
• Tailor shop
• Dry cleaning shop
• Kindergarten
• Playground
• Scholastic items’ shop
• Bar-restaurant
• Bank

Bedrooms: Bathrooms: Price (€):
1 1 55,973
1 1 57,230
1 1 59,070
2 1 68,031
2 1 68,791
Features:
City
Submission Date:
02-06-2009
Last Update:
11-21-2010
Advertiser Details:


Name:
Ilir Konomi

Company:
Albania Property Group

Phone:
+355 67 20 80001
Fax:

Mobile:
+355 67 20 80001

 
Property Photo Gallery

 

Tirana City Center

Tirana City Center

Tirana City Center

Tirana City Center

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Calculators

 
Property price: €55,973
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations