Construction well underway at Albania’s most anticipated beach resort
Albania’s most anticipated 5* beach resort, Lalzit Bay Resort & Spa is pleased to announce that phase 1 construction is well-underway with buildings A and B due to be finished in the coming months.
As well as this, the team is excited to announce the release of brand new deluxe apartments at the resort which will specifically cater to the needs of overseas property buyers and investors.
The new 1 and 2 bedroom deluxe apartments, situated in the spacious landscaped gardens of the resort are just moments from the stunning Lalzit Bay beach front. Offering a high build quality and plenty of private outdoor space to enjoy Albania’s 200+ days of annual sunshine, several of the deluxe apartments have double-aspect private gardens or large private terraces which enjoy sunshine throughout the day.
Ravin Maharajah, one of the British partners in Lalzit Bay Resort comments:
“Albania is just 2.5 hours from the (UK) and has a wonderful climate throughout the year. Having a quiet place to sit and relax or entertain friends is important to many of our international buyers. Our new deluxe apartments are ideal for family holidays, rental investments or retirement.
“Albania in the summer is an incredibly popular tourist destination and the indications for rental demand are extremely encouraging. A 2 bed property in the summer rents for around €450-500 per week offering a very competitive yield. As well as this, purchase costs, taxes and on-going maintenance are low, while build quality and capital growth potential is high – quite a nice mix to have.”
Whilst the Albanian currency is denominated in Lek, Lalzit Bay Resort lists properties in Euros helping many buyers from the UK or non-Euro countries snap up a bargain. Deluxe apartments start at just €80k which is now around £62k GBP.
Lalzit Bay Resort is a UK-financed and managed development company based in Tirana and London. Financed by CSS Europe LLP, Lalzit Bay is managed by a highly experienced team of UK business professionals where the buying process is overseen from the company’s office in London and contracts are in English and Albanian. Independent legal services are recommended to overseas buyers and have received praise from many Lalzit Bay customers for their transparency and efficiency.
Maharajah continues,
“The majority of our buyers come from outside of Albania which will give the resort an international feel. Buyers are looking for somewhere unique and different but distinctly Mediterranean. Lalzit Bay is a remarkable European buying opportunity because it is located on a stunning beach, just 30 minutes to the international airport and capital and when you see the beach – you realise that you are seeing something really special.”
Lalzit Bay Resort has sold over 80% of their phase 1 apartments since releasing last year. Deluxe apartments have already been released, offering buyers a 10% pre-release discount. For more information please call Peter Walshe on 0845 125 8600 or visit www.lalzitbay.com.