According to Albania’s National Institute of Statistics, INSTAT, Albania’s gross domestic product (GDP) increased by 2.6% in Q3 2011 compared with the same period in 2010.

The data highlighted that in the third quarter of 2011, the sectors that registered the highest growth were transportation which increased by 19.7% compared with the same period in 2010, while trade was up 6.2% and industry grew by 4.7%.

Meanwhile, a report by Colliers International has predicted that Albania will be one of the best performing growth markets in South Eastern Europe, increasing by over 3% with previously flourishing economies such as Turkey lagging behind.

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

“Albania is certainly one to watch in 2012 particularly as it is one of the highest economic growth markets in the south eastern European region right now. Indeed, foreign direct investment into Albania derived from companies Shell and Petromanas joining partnerships to explore for oil in the country will no doubt increase, making a real impact on the Balkan nation. Albania has high hopes for an oil boom, which could provide large cash injections into the nation.

“As a testament to Albania’s potential, our customer base is constantly growing with the benefits of buying a beach property in Lalzit Bay Resort outweighing the macro-economic issues affecting the Eurozone. With interest rapidly growing and the expectation of increased GDP growth as well as high visitor numbers in coming years thanks to a wider range of infrastructure projects, Lalzit Bay Resort & Spa can provide the perfect property investment opportunity for as little as €38,000.”

Lalzit Bay Resort and Spa offer 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 those thinking about investing in a second home in one of the best performing growth markets in South Eastern Europe, 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.

Although Albania is still deemed an emerging market for overseas property, it is exactly this kind of nation that presents some of the very best second home opportunities today. With prices in Albania among some of the cheapest in Europe coupled with rising tourism and economic growth, Albania is fast becoming a real contender in the second homes market.

Whilst this Balkan nation offers a typically Mediterranean climate with an undeniable picture perfect landscape and an inspiring ancient history to tempt buyers, there have been limited opportunities for overseas property purchasers to confidently enter the Albanian property market. Nonetheless, with the Tourism and Culture Minister Aldo Bumci stating that €2 billion has been spent on improving the country´s roads and utilities infrastructure to help support increased tourist numbers combined with GDP growth, predicted to hit 4.3% this year according to the Albanian government, Albania is already on its way to becoming one of the best holiday and second home havens in Europe.

Ravin Maharajah, partner of Lalzit Bay Resort & Spa, a five star luxury residential development located on Albania’s Adriatic coastline comments,

“There is no doubt that the outlook for Albania is positive and we are excited to be delivering one of the most exciting and innovative developments in not only Albania but Europe. Offering a slice of paradise for an unbeatable price, we at the 5* Lalzit Bay Resort and Spa have now finalised the construction contracts with building set to start on Phases A and B weather permitting, with excavation, levelling and foundations all to start shortly.

“Our villa apartments offer a premium, exclusive product to buyers who want the benefits of villa ownership including private gardens and terraces, exclusive services, and more privacy. We are also including additional exclusive services available to villa owners, including membership of the Adriatic Club, priority access to facilities, concierge service for cleaning, home-delivery, airport pick-up and access to private beach areas.”

For those thinking about investing in a second home, look no further than the stunning apartments and villas at Lalzit Bay Resort. Only moments away from the beach, the stunning resort villas are designed to be the ultimate beach properties in Albania affording private swimming pools, BBQ area, tennis courts and superb restaurants priced from just €38,000.

Lalzit Bay Resort and Spa are in the process of establishing new group buying discounts for villas and villa apartments in 2012 as well as scheduling seminars for interested buyers but for now, why not take a look at their 3D video, highlighting the wonderful features of the resort www.lalzitbay.com/video.

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

Having achieved strong economic growth in recent years on the back of a services and construction boom, 2012 marks the 100th Anniversary of Independence of Albania from the Ottoman Empire in 1912. Indeed, reaching 100 years of independence holds a special significance for this rising Balkan star.

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”.

To further mark this celebratory event, the Dajti Alpino Touristic Association have decided to embark on one of the most challenging missions known to man – being the first ever Albanian team of climbers to place the national flag on the peak of Everest.

Ravin Maharajah, Partner in Lalzit Bay Resort & Spa, the 5* resort under construction on the stunning Adriatic coastline of Albania comments,

“As one of Europe’s most talked-about holiday destinations and investment territories, it is somehow appropriate that Albania is coming to prominence as the centenary of its independence approaches and conquering Everest is a wonderful way to symbolise the struggle, courage and determination that Albanians have executed over the years.  This is a very important year for Albania.

“Indeed, Albania is a mysterious nation, where new tourism projects such as our 5* 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, with every community having access to a national road within 15-25 minutes. As well as this, Albania known as the ‘Small Norway of the Balkans’ thanks to its excellent water resources will be building 443 hydropower stations due to start in 2020 while energy and mining will continue to be two of the nation’s biggest sectors helping  encourage further development and growth throughout the country.”

For those thinking about investing in property, the apartments at Lalzit Bay Resort, Albania will provide a wonderful investment opportunity. Only moments away from the beach and situated in beautiful private gardens, the stunning resort villas are designed to be the ultimate beach properties in Albania. These spacious and stylish properties will afford private swimming pools a beach club, BBQ area, tennis courts and restaurants priced from just €38,000.

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

According to Walks Worldwide, a leading UK trekking holiday organisation, Albania is set to become one of the most popular walking destinations this year after the company saw extraordinary demand for its Accursed Mountains trek to Albania last year combined with the high levels of advanced bookings already received for the programme.

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

“As one of the least explored countries in Europe, Albania is a place like no other, one which has yet to become popularised by the masses and one where those looking for adventure, history and scenic beauty are likely to flock. Indeed, the Accursed Mountains in Albania offer and unspoilt landscape in a remote area perfect for those who not only love the great outdoors but are in search of something different”.

Indeed, Walks Worldwide believe that Albania will top the charts this year for walkers and adventure lovers and have since created a new trip for September 2012  which will explore the ‘Mysterious South of Albania’.

But it’s not just trekkers that will want to investigate the wonders of the Balkan land. Following double digit growth in traveler numbers last year and thanks to travel guide Frommer´s voting the Albanian Riviera as the Top Value Destination for 2012, an increasing number of holiday makers will be setting their sights on Albania this year.

Meanwhile, helping to increase future tourist numbers, Albania’s Mother Teresa International Airport plans to build a new passenger terminal over the next two years with the airport announcing that the new terminal is expected to cost around €7 million.

Maharajah further comments,

“Last year was a great year for the airport and tourism into Albania. The airport saw an 18% increase in passengers which equates to an impressive 1.8 million passengers. Indeed, with the expansion of the airport and range of tour options for adventure buffs to explore the country not to mention GDP growth above that of the Eurozone, Albania is not only beginning to get the attention it so rightly deserves but is creating a favorable climate for holiday makers, foreign and domestic business and those on the lookout for property.”

With this in mind, the 5* Lalzit Bay Resort & Spa can provide the perfect property investment opportunity for as little as €38,000 for a luxury apartment on a beach-front resort.

This stunning property development, voted ‘Project of the Year’ at the 2011 RealEx conference in Tirana for its high quality infrastructure and strong commitment to the environment will provide outstanding on-site facilities including a beach club, BBQ area, tennis courts and restaurants.

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

According to the budget bill passed by the Albanian parliament recently, Albania is predicted to see its budget deficit drop to 3% of GDP next year with economic growth reaching highs of around 4.3% despite the debt crisis and economic turmoil raging through the globe. 

To coincide with this positive news, Albania’s House Price Index rose 10.3% year on year in the third quarter of 2011, according to data from Albania’s Central Bank while the Rental Price Index recorded a slight increase of 1.1% on the year in Q3 2011. 

Ravin Maharajah, partner of Lalzit Bay Resort & Spa, a five star luxury residential development located on Albania’s Adriatic coastline comments,

“With growth in the Balkan region predicted to be around four times higher than the 0.5% growth the EU is expected to post next year, those wishing to invest in property will be making a sensible choice if they look in Albania’s direction. Indeed, demand for property in Albania this year has been on the up and in light of 2012 predictions will no doubt continue as property hunters search for alternative options.

“For example, the international market is starting to wake up to Albania’s potential as a beach holiday destination which has generated excellent demand during the pre-sales stages of Lalzit Bay Resort & Spa and in turn, we are expecting remaining villas and apartments in blocks C and D to continue to sell well within the next few months.”

With this in mind, the team at the 5* Lalzit Bay Resort & Spa are pleased to finally announce the construction of the resort which will commence on the 4th January 2012 with delivery firmly on schedule for 2013.

Ravin Maharajah explains,

“We are excited to be starting work next year on our award winning development and will be making some very exciting announcements in Q1 2012 regarding the facilities that will be on offer at “The Adriatic Club”, Lalzit Bay’s exclusive members club.

“Additionally, we’ve kept prices at the same rate for all of 2011, however, as with most construction projects like Lalzit Bay Resort, prices will be rising to reflect the changing status of the project so if you are considering buying then you are urged to act quickly to secure the best deal.”

Providing the perfect property investment opportunity for as little as €38,000 for a luxury apartment on a beach-front resort this stunning property development, recently voted ‘Project of the Year’ at the 2011 RealEx conference in Tirana recently for its high quality infrastructure and strong commitment to the environment will provide outstanding on-site facilities including a beach club, tennis courts, restaurants and water-sport activities.

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

Since being voted top destination for 2012 by renowned travel guide Frommers, Albania is set to see another year of increasing tourism. This comes as good news for the Albanian government who are eager to see how their investments in infrastructure and tourism will attract more foreign visitors, and boost investment, GDP and employment prospects within Albania.

Over the last few years, the Albanian government has raised spending on infrastructure investments and is fast developing an efficient road network throughout Albania. Aldo Bumci, minister of tourism and culture cites that further investment across the country had helped to lift visitor numbers by 20% last year.

Albania’s improving road network is also enabling other neighbouring countries to improve their roads.

Earlier this month, the first 38km stretch of motorway linking Albania’s border directly to Kosovo’s capital Pristina was delivered ahead of schedule and within budget. The opening ceremony was attended by the Prime Ministers of Albania and Kosovo, alongside US representatives Eliot Engel and Gary Peters who celebrated Albania and Kosovo’s further integration into Europe.

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

“Interest from international tourists and property investors is starting to develop quickly. This is a great sign and we encourage people to visit Albania in 2012.

“Albania has new roads, a new airport, a stunning coastline and great weather similar to Greece and Italy. It won’t be long until we see more and more people visit and purchasing holiday properties in this beautiful country.”

It was recently announced that a new €53 million loan from the EBRD has been agreed for the construction of two bypass roads in the south of the Albania, and the World Bank estimates that the Western Balkan economies will grow on average 2.1% in 2012, four times the pace of the European Union.

With tourist numbers set to soar next year in light of the high acclaim Albania has received, purchasing property here to soak up the country´s unspoilt coast, mountain ranges, historical offerings and rock bottom prices will provide a sensible option for property hunters.

The 5* Lalzit Bay Resort & Spa can provide the perfect property investment opportunity for as little as €38,000 for a luxury apartment on a beach-front resort. Construction on Lalzit Bay Resort begins on January 4th 2012 and is due to open in 2013.

This stunning property development, recently voted ‘Project of the Year’ at the 2011 RealEx conference in Tirana recently for its high quality infrastructure and strong commitment to the environment will provide outstanding on-site facilities including a beach club, tennis courts, restaurants and water-sport activities.

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

Travel guide Frommer´s has declared the Albanian Riviera as the Top Value Destination for 2012 according to its editors, authors, and experts from around the world.

Unveiling their list of top travel destinations for next year, the experts at Frommer’s also polled readers to find out where they wanted to visit in 2012 with the beautiful Albanian Riviera emerging as a winner.

The list which included something for everyone, from large cities, to quiet beach towns and riverside homes highlighted Albania as having all the natural attractions of its Croatian counterpart in the north but without the large crowds and high prices.

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

“Albania’s coastline is quite simply its greatest asset with 295km of Adriatic coastline that runs from Montenegro down to Greece.

“Albania is full of gleaming white beaches, easily among the most beautiful in Europe. Within it lies a rich history and a land of legends and ancient civilizations. It is a nation where travellers will enjoy authentic traditions and cuisines, as well as a friendly welcome.”

With a 200% increase in tourists visiting the Balkan nation between January and August this year compared to numbers in 2008 as well as the International Monetary Fund (IMF) predicting strong economic growth of 3.5% in Albania for 2012, the country is not only beginning to get the attention it so rightly deserves but is creating a favourable climate for foreign and domestic business as well as those on the lookout for property.

With this in mind, the 5* Lalzit Bay Resort & Spa can provide the perfect property investment opportunity for as little as €38,000 for a luxury apartment on a beach-front resort.

This stunning property development, recently voted ‘Project of the Year’ at the 2011 RealEx conference in Tirana recently for its high quality infrastructure and strong commitment to the environment will provide outstanding on-site facilities including a beach club, BBQ area, tennis courts and restaurants.

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

A recent report released by the International Monetary Fund (IMF) has estimated that Albania’s GDP growth for 2011 will be around 2.5%, reaching 3.5% next year.

Although the growth forecast for this year is lower than the registered 3% GDP growth seen in 2009 and 2010, the Albanian government is predicting a more positive scenario; putting GDP growth in Albania at around 4.5% signaling excellent news for investors in the Balkan nation.

In its report, the IMF stated that it expected the strong performance of the leading emerging nations to be the main driving force behind growth in the world economy, highlighting that emerging countries such as Albania coped well with the global crisis after implementing strong policies in the country before the economic downturn took place. 

In addition, the findings also indicate that Albania is one of the best performing Balkan nations this year with Bosnia and Herzegovina only experiencing a 2.2% GDP increase followed by Montenegro at 2.0%. Croatia is expected to expand the least this year with only 0.8% GDP growth.

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

“Albania has much to offer investors. Indeed with the IMF suggesting that the Eurozone and the US could fall back into recession, expecting the United States to grow by only 1.8% in 2012 and the Eurozone by 1.1% next year, it would appear that Albania will lead the way in faster economic growth in the coming years. The report even predicts Western European nations such as France to fall behind Albania’s growth, with a mere 1.7% GDP growth in 2011 and only 1.4% for 2012.

“As a testament to Albania’s potential, our customer base continues to grow as the benefits of buying a beach property in Lalzit Bay Resort outweigh the macro-economic issues affecting the Eurozone. We’ve sold many units in the last few months and have released more to meet demand”.

With interest rapidly growing and the expectation of increased GDP growth as well as high visitor numbers in coming years thanks to a wider range of infrastructure projects, 5* Lalzit Bay Resort & Spa can provide the perfect property investment opportunity for as little as €38,000 for a luxury apartment on a beach-front resort.

This stunning property development, recently voted ‘Project of the Year’ at the 2011 RealEx conference in Tirana recently for its high quality infrastructure and strong commitment to the environment will provide outstanding on-site facilities including a beach club, BBQ area, tennis courts and restaurants.

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

A little-known motorway project in the Western Balkans interior is about to have a significant impact on the development of Albania’s coastline.

Representing the region’s largest infrastructure project in recent years, South Eastern Europe is set to see huge economic benefits now the first section of the 120km Morine to Merdare motorway connecting central Kosovo with Albania and the Adriatic coast is almost ready to open.

The estimated €1 billion infrastructural development in Kosovo will be of strategic importance, running from Morine on the Albania border to Pristina, the capital of Kosovo. The four lane motorway extension will now connect Durres-Kukes motorway with Prizren and Pristhtina.

Indeed, while the new motorway will undoubtedly help boost the Kosovan economy by creating an estimated 3,000 jobs, neighbouring Balkan nation Albania, reached by many tourists through Kosovo or Macedonia will also reap the positive effects with travel to tourist destinations such as Lalzit Bay and the Adriatic Sea made much easier.

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

“The economic benefits of this new motorway extension will be felt relatively quickly across the Balkans and especially Kosovo and Albania.” 

“The reduction in travel times with the existing motorway to Kukes in Albania already makes a significant difference to visitor numbers into Albania from Kosovo. There’s been a 16% increase in tourist numbers into the country in the first eight months of this year as a result of improved infrastructure generated from the $400m Tirana-Elbasan highway project and increased frequency of flights most recently between London and Tirana.”

“Certainly, we feel that infrastructural developments such as these have played a crucial part in creating the incredible level of interest we have seen at Lalzit Bay Resort & Spa.  The first two blocks which we are about to start building are already almost sold out which is an incredible achievement. With this in mind, we are extremely excited to see the valuable outcomes for both Albania and Lalzit Bay once the Morine to Merdare highway is completed.”

With interest rapidly growing and the expectation of high visitor numbers in coming years thanks to a wider range of infrastructure projects, 5* Lalzit Bay Resort & Spa can provide the perfect property investment opportunity for as little as €38,000 for a luxury apartment in a beach-front resort.

The stunning property development, recently voted ‘Project of the Year’ at the 2011 RealEx conference in Tirana recently for its high quality infrastructure and strong commitment to the environment will provide outstanding on-site facilities including a beach club, BBQ area, tennis courts and restaurants.

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