Sea view





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€309,606€3,329/sq m
€3,329/sq m1+1 Apartment with side sea view, Marina Orikum
Marina e Orikumit, Orikum, Albania
93 sq mUnder construction2 roomsFloor 5
Median asking price in Vlorë, Albania: €2,532 per m², €224,300 per property, from €81,600. 100% are new build or under construction. 33% advertise a sea view.
| Bedrooms | Listings | Median price |
|---|---|---|
| 2 bedrooms | 98 | €203,000 |
| 3 bedrooms | 71 | €278,600 |
| 4 bedrooms | 25 | €350,000 |
Apartments still under construction in Vlorë ask a median of €224,300, or €2,532 per square metre, with half of them between €160,000 and €276,000 and the cheapest units from €81,600. Compare with the whole market of apartments for sale in Vlorë: in most Albanian towns a flat from plans costs about the same per square metre as a finished one, because developers price for the finished building and the discount for buying early sits in the payment schedule rather than in the price list.
Buying from plans is the normal purchase in Albania, not the exception: most new supply on the coast and in Tirana is sold before the building is finished. There is no escrow. Your protection is a notarised pre-sale contract that identifies the unit on the permit plans, registered at the State Cadastre under Article 50 of Law 111/2018, which marks the unit as taken and keeps it away from the developer's creditors; payments by bank transfer in stages you can see; and a large final tranche held until the use certificate and the final deed. Our guide to buying off-plan in Albania walks through every step.
Vlorë's new build is concentrated on the Lungomare, the promenade south of the port where towers face the bay, on the slope of Uji i Ftohtë and along the coast road towards Radhimë. Prices per square metre are the highest of any city market in Albania after the Riviera, and most of the stock is sold with a sea view.
The building permit and the plans it was issued for; the land registered in the developer's name and free of mortgages older than your contract; the developer's finished buildings, visited, not photographed; a contract with the completion date, the delay penalty, an area tolerance and a no-changes clause, because a unit that no longer matches the permit plans cannot be registered. Do not negotiate the price list, which almost never moves; negotiate the schedule and the finish. Our due diligence guide lists the documents, and our guide to the cost of buying property in Albania covers the 4 to 7% closing costs, which apply to new build as to resale.