Lets began with some evaluation about Albanian real estate situation: Lets began with some evaluation about Albanian real estate situation
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Lets began with some evaluation about Albanian real estate situation:
Estates- Countries –Companies
The month’s major surprise was, however the popularity of apartments in Albania and its capital Tirana. With the majority of investor interest focused on the Eastern Europian markets like Bulgaria, Romania and Slovakia, Albania is shaping up to the dark horse of 2008 according the “TheMoveChanel.com.”
HOUSE MARKET: Albania is second in the world
Construction steel is used in Albania for residential building and for infrastructure objects..
The production and the import of the bricks and tiles is increased in the last years.
2.2 Some datas about main materials used in the construction sector..
The year 2008 seems to have not resolve the problems of the construction permissions. According a report of the Bank of Albania during the three months of the year 2008 permissions for the apartments were 34 % higher compared the same period of the last year. According INSTAT sources during first 6 months of this year municipalities have given mutch more less permissions to construct, because of general election been held in 28 June 2009 year. The price for apartments even this year have been stabilised.
As you see is obvious that residential building tendency has the trend to be concentrated more in Tirana and Durres region. These two regions are for the moment the most populated area of Albania. These two regions are the most developed area like socially and economy. Tirana is the country capital and the Durres is the main port of Albania. For the moment Durres is the most equipped and attractive tourist area of Albania having 20 km of Adriatic sand cost.
In the label below we are presenting the general volume of residential construction(apartments + buildings) for the years 2005 and 2006 and 2007 for Tirana, Durres and other parts of Albania.
No Regions Surface in 000/m2
As about regions distributions of the foreseen finance in the construction industry is obvious that the majority is concentrated in big cities like Tirana, Durres (Durrazo), Elbasan .
In the label below form INSTAT source of information we are presenting percentage of different main volumes compared with total value in general.
From the year 2004 until 2005 state financing in the infrastructure had a growth of 46 % compared with the year 2003. Financed value form the state was 5.7 miliard leke from 3.9 miliard leke compared a year ago.
Other Financing source was a small percentage of rich people specialy trade mans and a big percentage of the middle class new born in the country. Another source was internal migration form the rural and mounting areas to the urban areas.
Construction Industry is considered like one the most dynamic sector of Albanian Economy. Thus if in the year 2003 the final product acquired by construction industry was 9% of the Albanian GDP with a real increasing of 11.3%, for 2004, achieving in 10% of the Albanian GDP in the year 2007 and 12% in 2008.
Economy growth according Bank of Albania for the year 2007 was 6% and the same was for the year 2006. The year 2008 according the Bank of Albania and INSTAT (The most authoritative sources in Albania) economic growth was again 6%.
ACTUAL STATE OF ALBANIAN CONSTRUCTION INDUSTRY
Construction industry in Albania is organised in a big enterprises organisation named “Albanian Builders Assotiation” or shortly ABA
Actually in Albania exists many construction companies but Kika Construction is ranked among the most well known. The peculiarity of this company is the status of being one of the most important operators of the market the one achieved during few working years. Based on a familiar background this company appears as a growth of a rational idea of business in the recent year of 1939.
From the other side during 2003-2008 Kika Construction handled an average 20,000 meters square completed construction a year, being on time, for the exploitation license and mortgage of its objects.
Even though the difficulties in the construction sector Kika Construction has some other new projects cooperating with many outstanding Austrian companies like DOKA, ARDEX, PIPELIFE, HL and other Austrian companies achieving many Austrian construction standarts.
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