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Welcome to TheMoveChannel.com Albania News Homepage, where you can keep up with all the latest Albanian property news, covering a range of property investment, real estate industry and personal finance news topics. If you like our news, why not sign up to one of our newsletters or RSS feeds and read it every day!Tourists surge to Albania as Balkans boost continues
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Almost half a million more tourists surged to Albania in 2011 compared to last year. The huge increase in visitors has seen 2.15 million people travelling to the country as The Balkans’ popularity boost continues.
According to the UNDP Resident Coordinator, Albania is now the second biggest investment market in the region, with foreign investment exceeding $1 billion in 2010. Albania’s boost follows success in Bulgaria, as more investors are attracted to the area's growing market.
Bulgaria, currently one of the top ten most popular destinations for property buyers, has seen construction on the up in 2011, as well as an increase in real estate transactions. Other countries in The Balkans, such as Bosnia Herzegovina and Macedonia, have also reported an increase in tourist enquiries.
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According to Walks Worldwide, a leading UK trekking holiday organisation, Albania is set to become one of the most popular walking destinations this year after the company saw extraordinary demand for its Accursed Mountains trek to Albania last year combined with the high levels of advanced bookings already received for the programme.
According to the budget bill passed by the Albanian parliament recently, Albania is predicted to see its budget deficit drop to 3pc of GDP next year with economic growth reaching highs of around 4.3pc despite the debt crisis and economic turmoil raging through the globe.
The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.
The opening of the first stretch of the Kosovo-Albania highway marks a new turn in the road for Albania's tourism industry. Since being voted top destination for 2012 by renowned travel guide Frommers, Albania is set to see another year of increasing tourism.
Travel guide Frommer's has declared the Albanian Riviera as the Top Value Destination for 2012.
Albania has bucked fears of a Europe-wide recession as the IMF predicts GDP growth of 3.5 per cent next year.
A little-known motorway project in the Western Balkans interior is about to have a significant impact on the development of Albania's coastline.
The number of people visiting Albania in the first eight months of this year has doubled since 2008. The country welcome 3 million tourists between January and August of 2011, as the Balkans continue to attract foreign interest.
Albania is confident that its economy can stay strong, despite the ongoing European debt crisis.
Albania remains a top investment location as the country's Central Bank predicts continued economic growth in 2011.
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