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Albania: The world's no 1?

Albania is currently the number one location for long term property investment, argues one company.

A bold statement indeed, but according to David Stanley Redfern Ltd, Albania is on ascendancy and will only become more prosperous in the future.

A spokesperson for the company explained: "This is because of its determination to become a full member of the EU in 2014, but more than that, the seeming determination of the EU to make sure Albania succeeds in gaining full membership".

"The most important relationship between this determination and property investment is the masses of money the EU, has, is and will provide Albania to develop economic competitiveness, infrastructure, and general prosperity.

Of course the EU would go to no such lengths if Albania was not showing incredible potential for economic growth in its own right, as more and more businesses relocate to emerging markets, and buy their consumables from emerging market traders in the massive global cost-cutting exercises.

Economic growth, which is secure in Albania's future until at least 2014, will generate increasing affluence within the population at large, living cost rises bring about wage rises, bring about living cost rises and so on, in a what-came-first-the-chicken-or-the-egg scenario. And house prices will be pushed up in line with that people can afford.

The spokesperson concluded: "You can predict stable and sustained growth in Albania property prices until at least 2014, at which point, the stable democracy, and semi-established market of Albania will have a fair chance of seeing continued property price growth from then on".