Albania inches closer towards EU accession, boosting investor confidence after general elections

by Kate Albania

Last weekend saw the election of the new Prime Minister of Albania, Mr Edi Rama, leader of the Socialist Party. With almost all the votes counted after the election took place on June 23rd, his coalition took 84 out of 140 seats in parliament – a landslide with the result ending 8 years of rule by Sali Berisha’s Democratic Party.

 

The newly elected socialist party has lined up British former PM, Tony Blair, to advise the government towards the ultimate goal of EU membership for Albania. A formal contract has not been drawn up, but Iit is expected that Mr Blair will advise on boosting the European integration process, attracting investment and promoting tourism.
Hot on the heels of Albania’s general election,; neighbouring country Croatia was this week granted its long awaited European membership, offering hope for its Balkan brothers. This will no doubt also translate into rising tourist numbers and provide a boost for the Albanian property market as more and more people explore this new EU member nation and its adjacent lands.
Peter Walshe, Marketing Director of Lalzit Bay Resort & Spa, the 5* luxury residential development located on Albania’s Adriatic coast comments:
“The election has opened the gates for Albania to become an official candidate to join the European Union, which would come as welcome news for those wishing to invest in this beautiful country, unspoilt by stampedes of tourists and boasting stunning natural landscapes with white sandy beaches and crystal clear seas.”
Indeed the race to EU membership continues. Albania applied for candidate status in 2009 and the EU Council stated in a report which was published on December 12, 2012 that Albania could achieveget candidate status by 2015 in the event that it conformed to the advices of the European Commission.
With EU accession within reach coupled with cheap and easy access from the UK and a growing economy, Albania is fast becoming a highly desirable holiday home destination.
As Peter Walshe goes on to explain,
“Unlike its Balkan peers, Albania has avoided recession. With on-going positive GDP growth as well as growing visitor numbers thanks to a wider range of promotional and  infrastructure projects, this well-kept secret of the Adriatic coast could provide the perfect property investment opportunity for those looking for a second home in Europe but without the premium price tag. And now, new low-cost carriers are starting to fly there from more and more European cities which can only be positive.”
So for those looking to be in on the secret jewel of the Balkan, why not take a look at Lalzit Bay Resort and Spa?
This resort offers a premium, exclusive product to buyers who want the benefits of villa ownership including private gardens and terraces, exclusive services, and more privacy as well as a range of facilities including private swimming pools, a BBQ area, tennis courts and superb restaurants for as little as €30,000.
For those thinking about investing in Albania look no further than the stunning apartments and villas at Lalzit Bay Resort. For more information please contact Lalzit Bay on 0845 125 8600 or visit www.lalzitbay.com .

Already top 10 fastest growing tourism market, Albanian PM sets goal of 7 million annual visitors

by Kate Albania

Visitor numbers to the Balkan nation of Albania have seen a remarkable near double-digit increase over the past two decades. Between 1995 and 2011, the country’s tourist population increased by 864% making it one of the top ten fastest growing tourism markets in the world according the latest data from The World Bank.

• New travel packages, tours and flight routes open up in Albania 

• 864% increase in visitor numbers to Albania since 1995 (The World Bank) 

• PM Sali Berisha sets goal to attract 7 million tourists to Albanian shores

Since this former communist nation emerged from behind the Iron Curtain in 1990, the appeals of this hidden Eastern European gem have slowly been discovered with over 4 million tourists arriving in 2012.
But not yet satisfied with this impressive growth, Prime Minister Sali Berisha has set a new goal of welcoming 7 million tourists to Albanian shores stating that tourism is the most extraordinary potential of this beautiful Eastern European nation and should remain a top priority.
Peter Walshe, Marketing Director of Lalzit Bay Resort and Spa, a 5* resort with villas and apartments located on Albania’s Adriatic coast comments,
“The positive economic growth (GDP is forecast at 2% for 2013) and the efforts made towards establishing a thriving market economy here in Albania is astounding. In the last 5 years we have been on the ground here,  we have seen first-hand the increase in visitors from not just Albania’s neighbours but as far afield as Finland, Canada and even China.”
Indeed, airlines and tour operators alike are taking advantage of this steady growth in demand. Balkan Road Trip Tours for example have launched a brand new two-day Albania add-on to its existing Croatia to Greece Pass tour taking travellers to UNESCO-listed sites of natural beauty and historical points of interest such as an early-second-century Roman amphitheatre packed with ancient secrets.
In the skies, the Slovenian national airline, Adria Airways, is also extending their services to focus on emerging markets such as Albania revealing plans to open a base in the capital Tirana with an inaugural direct service to Frankfurt.
From commercial enterprises to the official, there’s no stopping the interest in Albanian tourism. The Stabilisation and Association Council (SA Council) between Albania and the European Union have stressed that a deal committed to short term visa free travel is on track which will certainly assist with EU accession efforts as well as attract further FDI.
The tourism accommodation sector is one which has seen increasing levels of FDI. High quality, western style projects such as Lalzit Bay have been welcomed by the government as they are meeting the demand for beds from both holiday makers and second property owners alike as well as creating jobs, wealth for the community and even supporting local charities such as Sue Ryder Albania.
The luxury apartments and villas at Lalzit Bay, located 45 minutes from Tirana and available from €35,000, are under construction with the first homes due for completion
in late 2013. For more information please contact Lalzit Bay on 0845 125 8600 or visit www.lalzitbay.com.

Double taxation agreement between the UK and Albania set to boost property investor confidence

by Kate Albania

A first time comprehensive Double Taxation Agreement between the UK and Albania was signed in Tirana last month by Nicholas Cannon OBE, HM Ambassador to Albania and Albanian Finance Minister Ridvan Bode.

Double Taxation Agreements aim to eliminate duel taxation of income or gains arising in one territory and paid to residents of another territory. They work by dividing the tax rights each country claims by its domestic laws over the same income and gains. 

 
There are more than 2,500 bilateral Double Taxation Treaties worldwide and the UK has the largest network of treaties, covering over 100 countries. This one is the first between these two European countries and represents an important step in the developing relationship between Albania and the United Kingdom.
 
Peter Walshe, Marketing Director for Lalzit Bay Resort and Spa, Albania comments,
 
“There is vast potential for growth and profit in the Balkan nation of Albania. The flagship British investor, Vodafone, has proved that in Albania it is possible to successfully provide services to the community and growth to the shareholders. Albania is undoubtedly in its infancy for foreign investment presenting an exciting opportunity to be involved in such a country with bags of potential.
 
“Indeed tourism is playing a vital role for the Albanian economy. Accounting for around 11% of the nation´s GDP, tourism brought in 1.2 billion euros in profit in 2011 and with tourist numbers rising to more than 4 million last year it is important that Albania adheres to its long term plan to capitalise on this growing popularity.”
 
The main cash injection into the economy generated by tourism is the wages of Albanian staff therefore any opportunity for local employment is very much welcome. Leisure and tourism enterprises such as Lalzit Bay Resort and Spa located on the Adriatic coast which prides itself on employing local Albanians wherever possible, demonstrates a commitment to genuine job creation within communities and can make a real difference to the economy.
 
This potential growth and profit in Albania is also set to translate into the property market. With more and more tourists flying in each year from all over the world to bask in the Balkan sunshine, the demand for accommodation over the summer period especially increases, with frontline properties in prime coastal locations becoming highly desirable.  
 
Mr Walshe continues,
 
“Here at Lalzit Bay Resort and Spa we are offering savvy investors the opportunity to become part of a growth economy which saw a 1.6% increase in 2012 according to the Bank of Albania. Investors can purchase studios, one or two bedroom apartments or villas in a divine Adriatic location from as little as €30,000, a fraction of the cost of buying a home in one of the more established European resorts. Owners also have the benefit of a fabulous beachfront holiday resort to enjoy with family and friends or to rent out to holiday makers.” 
 
In keeping with the country’s progressive approach, the resort is also planning on offering investments in its hotel units with discounts available for multiple purchases, affording investors several opportunities to be a part of Albania’s growing tourism economy. For more information on Lalzit Bay please contact 0845 125 8600 or visit www.lalzitbay.com. 
 

Sue Ryder Albania and Lalzit Bay Resort & Spa join forces to help fight the big ‘C’ in Albania

by Kate Albania

Whilst rich in stunning natural landscapes, culture and heritage, years of living behind the Iron Curtain has resulted in Albania being one of Europe´s least affluent countries.

The healthcare system in particular is under funded and in need of modernization. Diseases such as cancer, whilst well supported and openly discussed in western society, remain somewhat taboo and unsupported sadly resulting in only 30% of people with terminal cancer in Albania receive the pain-relieving care they need. For many the only medications available are over-the-counter drugs such as paracetamol.
But as with many aspects of life in Albania, things are changing and for the better.
Established and well regarded charity, Sue Ryder has, under their international arm– Sue Ryder Albania – been working in the Balkan nation since 1993, providing essential care to people with terminal cancer. Visiting patients at home and providing pain relieving care, many of whom will have had no previous treatment for their cancer, the doctors and nurses of Sue Ryder Albania provide end of life care at no cost to people already living in extreme hardship.  Without Sue Ryder’s support, every year hundreds of people would spend their final days in agony and distress, as Albania´s state health system currently only provides end of life care to only 12% of those who need it.
Going the extra mile, the charity’s specialist medical teams establish close relationships with the people they visit, treating each of them as a person, not just a patient. They also provide families with emotional support to ensure that each person’s final days and moments are comfortable and dignified.
Sue Ryder Albania is the national voice and leading provider of end of life care in Albania. The charity also continues to advocate for change and raise awareness as well as train key medical staff in the country. However Sue Ryder Albania is entirely dependent on donations as Government resources are focused elsewhere.
Therefore, seizing this opportunity to give back to the community, Lalzit Bay Resort & Spa in Albania is proud to support Sue Ryder Albania in 2013.
Peter Walshe, Sales & Marketing Director of Lalzit Bay comments,
“I am delighted to announce our partnership with Sue Ryder Albania. This superb charity undertakes invaluable work on the ground here in Albania with its doctors and nurses often the unsung heroes. It will be fantastic to raise the profile of the charity as well as help raise funds to support one Sue Ryder specialist nurse for a year.”
A charity ‘Britannia Ball’ will be held on Saturday 27th April 2013 at The Rognor Hotel, Tirana to help raise both awareness and funds for Sue Ryder Albania. Tickets to the ball will include a typically British three course meal and excellent entertainment for the evening. For all inquiries and for tickets please contact the ball committee

For more information or to make a regular donation please visit http://www.sueryder.org/What-we-do/International-work/Albania, call Sue Ryder’s International team on 020 75545962 or contact the Lalzit Bay team on UK +44 (0) 845 125 8600, Albania +355 (0) 69 202 5550 or visit www.lalzitbay.com.

Visa-free travel for Russians and $200,000 citizenship offer set to boost Albania in 2013

by Kate Albania

Over the past decade, Albania has been one of the fastest-growing countries in Europe enjoying impressive average annual real growth rates of 6%. In 2008 the Balkan nation graduated from IDA,  the World Bank’s concessional lending arm and now joins the ranks of the world’s upper-middle income countries deemed creditworthy for the International Bank for Reconstruction and Development (IBRD).

 

Indeed Albania is currently cooperating with several neighbouring countries (Hungary, Serbia, Romania, Bulgaria, Bosnia and Herzegovina, Montenegro, Macedonia and Croatia) on various issues including tourism and announcing unilateral visa-free travel for Russians as well as a draft law granting citizenship to anyone who invests $200,000 in the country.
Peter Walshe, Marketing Director for 5* Lalzit Bay Resort and Spa, Albania, comments,
“Albania is focused on growing tourism and FDI throughout the Balkan region and beyond, across its varied landscape. Whether it´s hiking, white water rafting or relaxing on the Adriatic coast at stunning locations such as Lalzit Bay, we must ensure that we cater to the needs of Albania´s growing tourism industry and make it as easy as possible for people to visit and indeed invest.”
With this in mind and taking lessons from the past, the country’s Ambassador to Russia, Sokol Gioka, introduced a 90-day visa free stay for Russians four years ago and saw a great surge in the number of Russian tourists hence the decision to repeat and extend the offering for 2013’s summer months (June to October).
And going one step further, Russian and indeed investors from other nations with $200,000 can make their visit more permanent by being granted citizenship if the Albanian government passes this draft law.
With Albania boasting Europe´s last undeveloped coastline and a Mediterranean climate, that $200,000 threshold should ensure any prospective investor a prime beachfront location.
Lalzit Bay Resort and Spa offers such a premium, exclusive beachfront product to investors who want the benefits of villa ownership including private gardens and terraces, exclusive services and more privacy as well as a range of facilities including private swimming pools, a BBQ area, tennis courts and superb restaurants. Prices range from €30,000 for a studio apartment to €200,000 for a 3 bed villa.
For more information please contact Lalzit Bay on 0845 125 8600or visit www.lalzitbay.com .

Wondering where to holiday in 2013? Why not try Top Beach Destination, Albania?

by Kate Albania

In the heart of the Mediterranean, on the Adriatic and Ionian Seas, Albania is fast becoming one of the world´s most interesting getaways. Unspoiled by globalization, tourists can experience an inspiring mixture of civilizations and cultures – making this jewel of the Balkan truly unique.

Isolated for decades under a harsh dictatorship, Albania opened up in the 1990s and has since been hot on the heels of the rest of Europe.

Indeed, statistics from the Balkan state show that the number of foreign tourists to Albania has been steadily increasing since 2007, rising from just over 1 million six years ago to around 4 million in 2011.

Albania is being touted by mainstream publications as a major future destination: the UK’s Guardian newspaper has named Albania as one of its top 2013 beach destinations. The Sunday Times also listed Albania as a place to visit in its 2013 tourism New Year supplement, exclaiming ‘the Adriatic underdog is being touted as the next Croatia among adventurous beach-seekers.’

Ravin Maharajah, Partner of Lalzit Bay Resort & Spa, the 5* luxury residential development located on Albania’s Adriatic coastline comments:

“In terms of what Albania has to offer, I was not surprised by these recommendations from the UK national press. We have 350km of stunning sandy beaches, great Mediterranean cuisine, thousands of years of history and UNESCO sites of natural beauty. Albania has a tremendous amount to offer tourists wanting to take advantage of the weak euro to get great value in one of the few undiscovered places left in the Mediterranean.

“Both holiday makers and property buyers alike are looking for somewhere unique and different but distinctly Mediterranean. Lalzit Bay is a remarkable European buying opportunity because it is located on a beach just 30 minutes to the international airport and Capital Tirana and when you see the pristine beach, you realise that you´re seeing something really special.”

He adds,
“With occupancy rates increasing by 7.5% in early 2012 according to the European Travel Commission, property investors should look no further than the attractive emerging markets in Europe right now. Growth in recent years confirms that Albania is well on the path towards tourism being an active generator of its economic development throughout 2013 and beyond.”

Following the steady increase of tourists to the Balkans, the Director of the National Association of Tourist Agencies in Serbia (Juta) has recently announced that it will be joining forces with Albania, along with four other countries from the region, to form a Southeast Europe tourist association in order to attract visitors from the Far East.

For those thinking about investing in Albania, look no further than the stunning apartments and villas at Lalzit Bay Resort.

Lalzit Bay Resort and Spa is a 5 star, gated beach resort community giving international property buyers a very safe way to purchase a beach front rental property or holiday home in one of Europe´s hottest tourist destinations. Brand new luxury villas and apartments on Albania’s Adriatic are available for immediate purchase from just €35,000 including all costs!

For more information please contact Lalzit Bay on 0845 125 8600 or visit www.lalzitbay.com , like the dedicated facebook page or follow @LalzitBayResort on twitter.

From behind the iron curtain and now centre stage, Albania shows Europe how things should be done

by Charlotte Ashton Albania

Despite the general doom and gloom of the European economy, some countries have managed to buck the trend. Albania is a shining example. It is not in recession; Moody´s has confirmed its B1 rating and Standard and Poor´s has indicated that it expects Albania´s growth performance to continue to improve.

 

 
As Albania works towards EU membership – it formally applied in April 2009 – the country is expected to continue operating the solid fiscal and economic policies that are currently in place and that have seen its economy grow while others have been in decline.
 
 
This positive picture, backed by Prime Minister Sali Berisha´s commitment to support business and innovation in Albania, has created an attractive environment for foreign investors looking to take advantage of the country´s open-market economy and the diversification of its economic base. The property market is already feeling the effects of this, giving rise to some exciting new leisure and tourism developments, such as the Lalzit Bay Resort and Spa.
 
 
Lalzit Bay is a luxurious 5 star resort village tipped to become the most exclusive beach community in Albania. Construction has progressed swiftly during 2012: from an empty piece of land in January, through the completion of the superstructures in August, to interior work being well underway in December. Holidaymakers will be able to start enjoying Phase 1 of the resort when it is completed a little later this year. The rapid progress is a clear demonstration of the new business-minded approach that is flourishing in Albania. 
 
 
Ravin Maharajah, Partner of Lalzit Bay Resort and Spa, explains:
 
 
"Albania is changing. The country is fired up and ready to take on the new world created by the global economic crisis. We´re doing things differently now, allowing businesses such as Lalzit Bay Resort and Spa to progress. At the same time, we´re ensuring that environmental factors are considered, so our resort village is being built in harmony with the local environment and the feeling of space and seclusion that the beach, the sea and the distant mountains provide. Our low-rise design will ensure that the natural delights of the area can be enjoyed to their full, while ensuring luxury and privacy for our guests.
 
 
"With foreign investment on the rise in Albania, it was essential for us to create a resort village that exceeded expectations and offered more than the dated resorts in other Mediterranean countries. Nestled in amongst our landscaped and meditation gardens are secluded pools, tennis courts with qualified coaches on hand, beach clubs, a residents´ club and our stunning spa, wellness centre and state of the art health club."
 
 
The resort epitomises the emergence of Albania as a key country for foreign investment. It combines careful planning with a bold, innovative approach, just as the government´s economic policies have done. The environment that has been created as a result of these policies is allowing business and the economy to flourish, while neighbouring countries still struggle to get to grips with their fiscal problems.
 
 
Smart investors looking to capitalise on the rising Albanian economy via the country´s property market will find prices starting from as little as €35,000 for a studio apartment at Lalzit Bay Resort and Spa. In keeping with the country´s progressive approach, the resort is offering investment opportunities in its hotel units as well, with discounts available for multiple purchases, affording investors multiple ways to be part of Albania´s dynamic economy.
 
 
For more information on Lalzit Bay Resort and Spa, please contact 0845 125 8600 or visit www.lalzitbay.com .

One to watch: Albania named as must-visit destination of 2013

by Charlotte Ashton Albania

Albania, which this year celebrates its centenary of independence, has been named as a must-visit destination of 2013 with adventure holiday company ‘G Adventures’ adding the Balkan nation to next year’s brochure for the first time and top travel bloggers ranking the country one of the ‘Top 13 destinations for travel in 2013.’

 

Attracting over 4 million visitors last year and with arrivals up by 277,000 in the first nine months of 2012 compared to the same period in 2011, the outlook for Albania’s tourism market is positive with the little known Balkan nation emerging as a fashionable destination to explore in 2013.

 

Indeed Aldo Bumci, Minister of Tourism in Albania, is committed to developing this lucrative sector (which accounted for 11% of GDP in 2011) and is currently drawing up a national strategy for coordinating tourism activities over the next 10 years which aims to ensure the sustainable long-term development of tourism in the country.

 

Visitors to Albania in 2013 will also be able to benefit from recent foreign direct investment into the country. World Bank financing has helped repair and construct over 1,700 km of rural roads and 1,300 km of national roads which has considerably improved accessibility across the land as well as bringing about brought positive changes in access to health, postal and banking services for the local population.

 

As has been witnessed in many other European countries, in tandem with tourism growth comes development of the real estate market and Albania is no exception. Those operating within this emerging marketplace such as Ravin Maharajah, Partner of Lalzit Bay Resort & Spa on the Adriatic coast, have seen an explosion of interest for new, western style quality properties in prime locations not least accelerated by the depreciation of the Euro which many developers sell properties. 

 

Ravin Maharajah comments,

 

“The weakening of the Euro and general caution about investing within the Euro-zone has actually been advantageous for us. We have experienced an increase in UK and indeed Western European buyers wanting to take advantage of the amazing value properties at Lalzit Bay. Indeed Albania now being ranked by Forbes as one of the ‘Best Countries of Business’ has boosted buyer confidence further.”

 

For those wishing to snap up a bargain luxury property on Albania’s hotly tipped Adriatic coastline in 2013, why not take a look at Lalzit Bay Resort and Spa?

 

Only moments away from the beach, the stunning resort apartments and villas are designed to be the ultimate beach properties in Albania affording private swimming pools, landscaped gardens tennis courts and beach bars and restaurants. Apartments are priced from just €30,000 and luxury villas from €230,000 Deluxe apartments start at €80,000.

 

For more information on the Adriatic’s secret jewel please contact Lalzit Bay on +44(0)845 125 8600 or visit www.lalzitbay.com.

The rising star of the Balkan, Albania celebrates anniversary of independence

by Charlotte Ashton Albania

After a recent increase in economic growth following a construction boom, November 28th 2012 marks the 100th Anniversary of Independence of Albania from the Ottoman Empire in 1912.

In a speech to mark the centenary of independence, Albanian Prime Minister, Sali Berisha stated: “We have remained together through all circumstances. Deep in the hearts of Albanians there is the principle of “one nation, one stance”. Nothing can divide the spirit of a country”.

The celebration follows the ongoing bid for the rising Balkan tourist attraction to join the EU. Reaching EU candidate status would increase the economic benefits of Albania, making it attractive to property developers and resort owners alike.

Around 63 per cent of Albania’s foreign trade is currently carried out with EU countries. Obtaining EU status is expected to increase both the level of trade exchanges and the quality of Albanian products.

The European Commission recently announced that it will invest Eur81 million as the EU’s renewed financial support to Albania’s reform efforts.

Ravin Maharajah, Partner in Lalzit Bay Resort and Spa comments:

“As one of Europe’s most talked-about up and coming holiday destinations and investment territories, it is somehow appropriate that Albania is coming to prominence as the centenary of its independence approaches. This is a very important year for Albania."

Maharajah added,

“Indeed, Albania is a mysterious nation; where new tourism projects such as our 5-star Lalzit Bay Resort and Spa and other major infrastructure improvements are transforming the country. Albania will have one of the most impressive road networks in the Balkans, building 2500km of new roads in the last 6 years enabling every community to have access to a national road within 15-25 minutes.”

For those thinking of investing in foreign property, Lalzit Bay Resort provides the perfect opportunity.  A beach front position, and beautiful private landscaped gardens just moments from the beach, the 5* villas and apartments are designed to be the most coveted properties in Albania.

These stylish properties will include private swimming pools, a beach club, BBQ area, tennis courts and restaurants priced for as little as €38,000.

For more information please contact Lalzit Bay on 0845 125 8600 or visit www.lalzitbay.com
 

Construction well underway at Albania’s most anticipated beach resort

by Charlotte Ashton Albania

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.