Best Buys – Apartments on the Adriatic from just €29,000
One may wonder how it is possible to buy a luxury apartment anywhere in the world at this price let alone one just metres from golden sandy beaches and the warm waters of the Adriatic sea. This stunning coastline has long been sought after by property buyers who have focused their attentions traditionally on the eastern Italian coast, Croatia and Montenegro where property prices have skyrocketed in recent years.
Things are changing however as Montenegro’s neighbour and fellow Adriatic coastal nation, Albania, establishes its own attractive property market. Just 45 miles across the Strait of Otranto from Italy lies Durres, the highly popular tourist destination and home to Lalzit Bay Resort & Spa, Albania’s new 5* residential development.
The resort’s superior frontline location coupled with the low entry price of just €29,000 for a luxury studio apartment makes Lalzit Bay Resort & Spa a best buy in 2011. Nearly half the studio, one and two bedroom apartments available in phase 1 have already been sold merely weeks after their release with demand for the three and four bedroom villas equally high.
Ravin Maharajah, Sales Director of Lalzit Bay & Spa Resort comments:
“We were very conscious that we needed to price the properties at a competitive level for the Adriatic coastal market. With similar studio apartments in Croatia priced at €70,000* we are confident that our pricing structure is highly attractive and makes owning a home on the Adriatic affordable for all.
“Many of our early stage purchasers are Albanians who live abroad and are thrilled to be able to buy a property for use when they return home as well as enjoy reliable rental income when they are not using it. We have also seen a flurry of investors from Scandinavia; known for being intrepid travellers and often the first into new markets, we are not at all surprised that they are excited by this fresh opportunity.”
Lalzit Bay Spa Resort is without a doubt one of the finest and most innovative developments underway in Albania. Fully managed by an internationally renowned resort operator, Lalzit Bay Resort and Spa will provide 5 star amenities, service and unqualified luxury, making it one of the most desirable resort destinations in the Eastern Mediterranean in 2011.
For more information about purchasing in Albania and indeed apartments from €29,000 contact Lalzit Bay on 0845 125 8600 or visit www.lalzitbay.com.
* Price from Rightmove Overseas