Revaluation of properties and their impact on the Albanian real estate market

The revaluation of real estate has become one of the most discussed issues in the Albanian real estate market. A process that can directly affect the value of properties, the possibility of using them as collateral for loans, fiscal costs, and the formalization of transactions. This interview analyzes the changes that the application of a revaluation scheme may bring, especially for properties that currently have declared values much lower than the real market prices. Revaluation can provide owners with a more realistic basis for selling, investing, or using the property in their relations with the banking system. On the other hand, a market with more revalued and formalized properties could create more alternatives for buyers and gradually reduce informality in real estate transactions. Could revaluation be the step that will unlock the property market and bring it closer to the real market values? This part of the interview addresses the opportunities, challenges, and impact that this scheme may have on owners, buyers, investors, and the banking system.