A change that directly affects the property market The real estate market in Tirana is entering a new development phase following the publication of new reference prices for the cadastral zones of the capital. The recent increases reflect not only the urban development of the city but also the ever-growing demand for residential properties and strategic investments. In many areas of Tirana, the increase in reference prices reaches up to 76%, signaling the economic and urban transformation of some of the city's most important neighborhoods.
Which areas have seen the greatest increase? According to the published tables for cadastral zones:
Areas with the highest increase:
Zone 7/4 – New Ring Road, former Aviation Field, Yzberisht ➝ Increase up to 76% Zone 4/2 – Allias, Riverbank ➝ Increase up to 58% Zone 8/2 – Medreseja, Industrial Market ➝ Increase up to 57% Zone 5/3 – Botanical Garden, Commune of Paris ➝ Increase up to 54%
These changes clearly indicate that peripheral and developing areas are gaining more and more importance in the real estate market.
Why are prices rising?
The increase in reference prices is linked to several key factors: Urban development Investments in infrastructure, roads, schools, and services have significantly increased the value of certain areas. High demand for housing Tirana continues to be the primary destination for housing and investment in Albania. New constructions Modern residential projects and multifunctional complexes have directly influenced the increase in property values. Investor interest Local and foreign investors are seeing the Albanian market as a long-term opportunity for capitalization. What impact do reference prices have?
Reference prices impact:
- property taxation
- sales contracts
- bank valuation
- credit
- notarial transaction costs
In many cases, these prices also influence the real perception of the market for a specific area. The most sought-after areas in Tirana
Among the areas that continue to maintain the highest value in the market are:
- Former Block
- Commune of Paris
- Artificial Lake
- Myslym Shyri
- Durrës Road
- Embassy Block
While areas such as:
- Yzberishti
- New Ring Road
- Allias
- Medreseja
- Riverbank
are increasingly considered as areas with high development and investment potential.
Market outlook for the coming years IllyrianHome company forecasts that:
- demand for properties in Tirana will remain high
- urban development will continue
- peripheral areas will gain more value
- investments in real estate will remain among the safest forms of capital
