ALBANIA, HOUSING PRICES INCREASED BY 12.8% IN 2016
The Central Bank of Albania reveals that housing sales prices recorded a substantial increase in 2016, rising by an average of 12.8 percent. The phenomenon occurred in the central areas of the capital, while in the seaside areas there was a decline not only in prices but also in volume of sales. According to the Central Bank, 68 percent of sales were made through bank mortgages.
It has been noted, for the first time since 2013, also a decline in the number of unsold houses.