General Assessment

    Variable(2016)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: (2010 = 100)
    Notes: Data is derived from the State Department's Office of Investment Affairs' Investment Climate Statement.
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: Except in northern rural areas where customary law prevails
    Notes: IMF estimate
    Notes: low-cost housing, mortgage interest subsidy, social housing, housing allowance
    Notes: low-cost housing, mortgage interest subsidy, social housing, housing allowance
    Notes: Mortgage costs – can be around 2% of the property value
    Notes: Mortgage costs – can be around 2% of the property value
    Notes: Mortgage costs – can be around 2% of the property value
    Notes: Purchase tax (and notary fees) come to around 1% when purchasing property in Albania. VAT is applied at the rate of 0% on new build Albanian property.
    Notes: Purchase tax (and notary fees) come to around 1% when purchasing property in Albania. VAT is applied at the rate of 0% on new build Albanian property.
    Notes: Purchase tax (and notary fees) come to around 1% when purchasing property in Albania. VAT is applied at the rate of 0% on new build Albanian property.
    Notes: Rental income tax is levied at 15%
    Notes: Rental income tax is levied at 15%
    Notes: Rental income tax is levied at 15%
    Notes: Source: Bank of Albania Statistical Report - December '11 Household loans by purpose and currency. Real Estate (in millions ALL) = ALL (22238.3) + USD (1796.0) + EUR (64177.6)
    Notes: Source: Bank of Albania Statistical Report - July '13 Household loans by purpose and currency - Real Estate (in millions ALL) = ALL (27782.7) + USD (1756.7) + EUR (70107.7)
    Notes: Source: Bank of Albania Statistical Report - July '13 Household loans by purpose and currency - Real Estate (in millions ALL) = ALL (30285.5) + USD (1606.5) + EUR (68167.1)
    Notes: Source: Bank of Albania Statistical Report - July '13 Household loans by purpose and currency - Real Estate (in millions ALL) = ALL(33014.8) + USD (1354.1) + EUR (66055.3)
    Notes: Source: Bank of Albania Statistical Report - November '12 Household loans by purpose and currency. Real Estate (in millions ALL) = ALL(25591.3) + USD (1846.1) + EUR (70031.3)
    Notes: Source: Bank of Albania Statistical Report - September '10 Household loans by purpose and currency. Real Estate (in millions ALL) = ALL (17508.4) + USD (2141.8) + EUR (46223.3)
    Notes: Table 1.4.8 Private Households by tenure status, ownership of occupied dwelling and by urban area 2011-2011 Total Urban = 409309 Total Owner Occupied Units = 8493 + 362191
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Low-cost housing" (LCH) project provides homes for low income families. Homes are priced equal to the construction cost with a 3% annual interest rate.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The "Mortgage interest subsidy" (MIS) program provides loans with the interest subsidized. The loan is originated by private banks but the subsidy is provided by the state. This program is targeted for teachers, public employees, and those with medium income.
    Notes: The Capital Gains tax rate is 15% and that is levied on sales price minus acquisition cost and expenses.
    Notes: The Capital Gains tax rate is 15% and that is levied on sales price minus acquisition cost and expenses.
    Notes: The Capital Gains tax rate is 15% and that is levied on sales price minus acquisition cost and expenses.
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from $75-200
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The fee ranges from 0.2-2%
    Notes: The Real Property tax is dependent on location, property type and value of the home.
    Notes: The Real Property Tax is dependent on location, property type and value.
    Notes: The Real Property Tax is dependent on location, property type and value.