Questions and answers

Answers

Buying property in Albania

• Who is the partner of Bora Property?

  Bora property has been working closely with a major Russian tour operator PROMETHEUS TRAVEL. Bora Property also hosts trips from Montenegro. Our guides will show the beauty of Albania it’s capital Tirana, an ancient city Shkodra and many more. Our Bus trip visits thousands people from June to September each year.

• Will I have any privileges if I buy a property in Albania?

  Yes you will. You are entitled to apply for a residence permit in Albania for one year with a further possibility to extend it.

• What is standard layout of apartments in Albania?

  Majority of our apartments have layout with a living room a kitchen, one or two bedrooms; one or two bathrooms; one or two balconies. Studios have a living room, kitchen, bathroom and balcony. Luxury penthouses are available with a large veranda and panoramic sea view.

• How often do you update information about property’s cost and availability on your website?

  If a developer sells a property or changes its value – he will inform us immediately. Our managers will update new information promptly on our website. All purchased apartments will have a sign “Sold Out ”.

• Are there any restrictions for the foreigners for buying a property in Albania?

  No, there are not. The real estate market is open in Albania. Foreigners have exactly the same rights as local citizens.

• Are there are any property taxes in Albania?

  No, there are no property taxes in any cities except Tirana .If you buy a property on the coast of the sea or s a lake you do not need to pay any taxes.

• How much does it cost the maintenance of real estate in Albania?

  You can divide bills into following parts:
  1.Utility Bills for cold water and electricity. Payment will be done according to the counter. On average you will pay around 25 euros monthly for an 70 m2 apartment. If you do not live in the apartment you will pay fixed 5 euros montly.
  2.Maintenance of the complex and its territory. Paid once in a year ranging from 50 to 200 euros depending on the apartment.
  In total the maintenance of the apartment will cost you 200-300 euros per a year.

• Can you furnish and decorate an apartment with appliances without my presence?

  Yes, we can. Bora property is happy to provide a service to furnish your new apartment. Our managers will show you interior designs and layouts in 3D. After detailed discussion with you our experts will send an order to furniture manufactory. Usually manufacturing and installation takes no more than 2 weeks. If you wish to purchase household appliances – things are even easier. Choose a right model from our online website www.neptun.al - send it to us. The cost of this service is 10% of the furniture and appliances cost.

• How are the prices formed on Bora Property website?

  Our website has an official cost of property which comes directly from a developer. However during negotiations developers can make additional discount.

• Do Albanian bank provide mortgage service for the foreigners?

  No, they do not. Unfortunately our local banks do not offer mortgages to the foreigners. The exception if you already have a property or business in Albania.

• Can I pay by installment?

  Yes, you can. Most our developers are ready to offer interest free installment plan up to 6 months. In some cases the installment can be provided for 12 or even 18 months.

• How do apartment look when I buy them?

  Almost all our apartments have a clean finish: tiles are done, walls are painted, electricity: sockets, light bulbs, switches are in working order. All you need to do is to order furniture and house holds appliances

• How does Bora Property do preparation and execution of the transaction?

  <p>Bora Property is a professional estate agency in Albania. First of all you will be in touch with our managers who will provide you full detailed information according to your request, it may happen via e-mail, phone or in a person. Next we will be happy to arrange a free tour for you in Albania. Our experts will organize a trip, choose an appropriate flight; will assist with visa application (if you need one). Our driver or manager will meet you at the airport and take you to the hotel or apartment. Our managers will show you properties according to your requests, we are happy to show you more then one city. You will have a possibility to communicate directly with developers. Bora property works only with reliable and proven developers who have all necessary documents for a legal deal. If you decide to buy a property our lawyers will take care of processing the transaction from a drawing up a preliminary contract of sale in your language and Albanian languages to transfer the certificate of ownership to you personally or by DHL service. The transaction takes a place in the office of notary public, the transaction happens in the presence of Bora Property Manager, you or your authorized representative and a representative of developer. The Transaction is made in a single day. <strong>The cost of such service is 4% of the property but not more than 2.000 euros from the apartment cost.</strong> Payment can be made only upon the transaction</p>

• What are your terms and conditions for a free property tour?

  Our free tour includes our taxi services; we will meet you at the airport. The hotel or accommodation is free of charge up to 3 nights for two adults, plus one child; if you wish to stay longer you will need to pay. Our experts will be happy to show you properties and locations tailored to your criteria and needs. You will be able to negotiate with developers, we can also offer an interpreter services. All mentioned above is free of charge regardless of your decision.

• Where can I find your office?

  Our office is situated right on waterfront of Saranda. We are open daily from 9 a.m. to 9 p.m. Our experts speak English, Italian, Russian, Greek and Albanian. Bora Property has representative’s offices in Sweden and France.

Rent appartments and houses

• How will I pay for the apartment?

  The full payment will be taken in our office on the day of your arrival. Also we ask to pay a security deposit which equal to the cost of three nights living. The deposit will be refunded on the last day of your rental.

• How often will the apartment be cleaned and the bed sheets will be changed?

  We can guarantee you,to manage the cleaning of the apartment and changing bed sheets and towels every 3 days.

• For how long I can rent an apartment?

  You can rent the apartment for any period of time ranging from 3 nights.

• Which apartments are available for rent?

  Bora Property offers only great apartments in new tourist complex, perfectly located on the beach and equipped with furniture and household appliances. We have spacious apartments with one or two bedrooms; unique spacious penthouses with a huge terrace and stunning sew view.

• How do I rent my apartment on Bora Property website?

  Firstly go the page with the apartment you liked, select it and send us your request. Our managers will contact you shortly and advice on enquires. Reservation is free of charge. To confirm your reservation you will need to send us the copy of your ticket.

• Does Bora property guarantees clean apartments with decent quality of furniture and appliances in our apartment?

  Yes, it does. Our staffs carefully monitor the cleanliness and health and safety issues in our apartments. In case of any domestic problems our specialist will do their best to eliminate them ASAP.

• Will somebody meet us on arrival in Albania?

  Yes, of course. Our driver will meet you and your family at the airport or port and will take you the apartment. Our driver will assist with check in procedure.