Full Description

We are excited to launch this amazing BEACH FRONT luxury development in Durres.  There is a huge swimming pool, tennis courts and with shops and cafes on the ground level, this is a perfect holiday apartment - right on the beach.

Currently prices are 1,050 Euros/sqm.

There is excellent potential to let all year in Durres.

The development consists of 120 units and apartment prices start at €36,000, which is an unbelievable price for the location of €950 per square metre and produces a gross yield of circa 6%.  

Mortgage finance is available and this is the only market in the region where you can also obtain Interest Only finance!

In addition, Durres is experiencing strong property growth.  With the sandy beaches, proximity to Tirana, the International Airport and the expansion of the largest port in Albani, demand and property prices in Durres will only continue to grow.

Why Invest in Sunshine Residences:

• From Only €1050/sqm
• Studios, 1 beds and 2 beds from €36,000
• Excellent BEACH FRONT location - only 35 mins from Tirana
• Capital Growth min 15% in 2008
• Rental Yields from approx 6 %
• Completion June 2009
• Low Purchasing, Running and Selling Costs
• Reputable developer with extensive experience
• Only 35% and balance can be paid through a local mortgage
• Hassle Free Buy-to-Let Purchase:  Full Service Available - Letting Management, Snagging, Finance

Albania is a very exciting market. It is the final frontier for investment property in Europe. This will be the place everyone will talk about all through 2008. Both carefully selected property in the capital, Tirana, and on the coast will prove to be excellent investments in the lead up to Albania joining the EU, and continuing to receive large amounts of FDI (foreign direct investment).

Why Invest in Albania?

• The Final Frontier of the Adriatic Region

• Solid expected rental returns (6%+ est.) and strong local market

• Exceptional Capital Growth Forecasts

• Booming Economy and Member of NATO in April 2008 and aim to join the EU in 2014.

• No restrictions for foreigners to buy

• 10% Capital Gains Tax

• Very Low Buying, Running and Selling Costs

• Currency is stable and strong

• Democratic and stable government

• Wage growth approx 10% pa

• Relaxed Lifestyle and Culture

• Mortgage Financing available for foreigners

• Beautiful scenery: mountain ranges, idyllic beaches

• Booming tourism - expected 5.6% growth pa until 2017

• FDI investment for 2005 was US$273 million