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€160,000€400/sq m
€400/sq mVilla for Sale on Voloreka Street – Desired and Valuable Location
Pogradec, Albania
400 sq mUnder construction
Median asking price in Pogradec, Albania: €987 per m², €165,000 per property, from €50,000. 18% are new build or under construction.
| Bedrooms | Listings | Median price |
|---|---|---|
| 5+ bedrooms | 11 | €250,000 |
Detached houses and villas for sale in Pogradec ask a median of €165,000, or €987 per square metre of living space; half of them sit between €95,000 and €250,000 and the cheapest start around €50,000. A square metre of house asks less than a square metre of apartment in most of Albania; the total is higher because the house is three to four times the size and comes with a plot. The full set of houses for sale in Pogradec includes terraced and semi-detached houses as well.
In Albanian, vilë is the everyday word for any detached house, so a listing that says villa is not promising a pool and a sea view; it says the building stands on its own. 18% of the villas listed are still under construction, almost always in a developer's gated complex sold from plans; the rest are existing houses, from new family villas to older houses in villages and on the edge of towns.
In Pogradec the detached houses stand in the town above Lake Ohrid and in the lakeside villages of Tushemisht and Lin, often with a lake view and a garden, at prices close to the cheapest house market in Albania. Demand comes from local families and from summer visitors rather than from investors.
The plot first: a foreigner buys a house and its land directly when the plot is classified as construction land, which is the normal case for a villa in a complex or a house in a town, while agricultural land is held through a company or a lease, so the cadastral classification decides what you can sign. Then legalisation: a house built or extended after 1991 without a permit needs its legalisation completed before it can be transferred cleanly. Then the finish: a price per square metre far below the local median usually means a shell with no windows or connections. Our guide to house prices in Albania gives the medians by town and our due diligence guide lists the documents; for a villa bought from plans, read our guide to buying off-plan in Albania first.