The increase of apartment prices, Veliaj: It is lower compared to EU countries

schedule13:00 - 29 Janar, 2023

schedule 13:00 - 29 Janar, 2023

The Mayor of Tirana, Erion Veliaj, spoke today about the increase in apartment prices in the capital. He says that this has happened, but it should not be treated as something bad, but as good news because today’s citizens value their property more than before.

“It is true that the price of an apartment has increased in Tirana, either to buy or to rent. But is that a bad thing? 93% of Tirana’s citizens actually own their homes. This means that for these 93% this is very, very good news.

Each of you has become richer and has directly benefited from the development of the city, because you have an apartment or a property that is worth more today than yesterday,” says Veliaj.

Veliaj emphasizes the fact that the increase in housing prices in the capital is lower than the average of this increase in prices in European countries: “In the EU, in the last 10 years, housing prices have increased by 50% on average.” For the same period, the average price in Tirana has increased by 34%. It means that we are at a lower growth rate than the rest of Europe.”

He said that construction is one of the sectors that contributes more to the national and Tirana economy and employs 100,000 people. While, he did not leave without mentioning the 9% tax of the value of investment in construction, which goes to increase the budget of the Municipality and more investments for the citizens.