Apartments for sale in Vlorë, Albania

Vlorë has 330 apartments for sale, with a median asking price of €208,000 and €2,310 per square metre. This is the most expensive of the big coastal cities: the Lungomare seafront promenade, the new towers along the bay and the hills above Orikum have set a price level closer to the Riviera than to Durrës. 36% of Vlorë listings advertise a sea view.

A two-bedroom apartment in Vlorë (2+1 in Albanian listings) has a median asking price of €179,700 and a three-bedroom apartment €250,000. At the median price per square metre, €100,000 buys about 45 m² in Vlorë. 18 apartments are listed under €100,000 and 104 under €200,000.

Apartments are the largest part of Vlorë real estate; houses, land and commercial property in Vlorë have their own pages below.

Vlorë is a real city of about 80,000 people with a university and a working harbour, so it has services all year, but its property market is driven by the summer and by the Ionian water quality south of the bay. Most new supply is high-rise along the Lungomare and in Uji i Ftohtë, and 62% of listed apartments are still under construction. Older, cheaper flats sit in the centre away from the sea.

Set against the median asking rent for apartments for rent in Vlorë, the gross yield from asking prices is about 2.6% before tax and costs. Rental income in Albania is taxed at a flat 15 percent, and the figure is a snapshot of asking prices, not of signed contracts.

Foreigners buy Vlorë apartments outright. The new airport near the city is under development and the Llogara tunnel has cut the drive to the Riviera to minutes, both of which underpin the current prices. Check that seafront towers have their final permits and that the promised sea view is not about to be built out by the next tower.