
If a Durrës apartment near the sea is priced far below its neighbours, the first question is not the view or the floor. It is when the building went up and what happened to it in 2019. The earthquake did its worst damage on the beach strip, the market has priced old buildings accordingly ever since, and a low price per square metre usually reflects the building, not a seller in a hurry.
On 26 November 2019 an M6.4 earthquake struck with its epicentre near Durrës. 51 people died, more than 14,000 buildings were damaged and 2,500 were left uninhabitable; the damage exceeded €1 billion. Hotels and homes collapsed in Plazh and Shkëmbi i Kavajës in particular. Reconstruction cost more than €1 billion and ran on a fast track that drew accusations of favouritism, and four years later about 2,500 families were still without permanent housing.
Since then Durrës has had two markets under one address. New buildings carry a lasting premium — buyers pay for confidence in the structure — and older stock trades at a discount or stands still. Most apartments on the beach strip are more than 30 years old, and the top prices you see quoted apply to a small share of new units.
The gap is widest in Shkëmbi i Kavajës: new builds ask €1,200–2,000/m², older flats €450–800/m². In Plazh the second line, mostly older stock, has traded far below new first-line units. Shkozet and old Plazh are where the discount on old buildings is most visible.
The ground is part of the picture too. The Durrës coast is sandy, and settlement has been confirmed even in brand-new towers at the Durrës marina — so a recent construction year alone is not a guarantee either.
An older flat makes sense for a buyer who plans to live in it or let it long-term, has budgeted the renovation, and has an engineer's report in hand — especially in the centre, where the city holds its value year-round. It makes least sense as a quick short-let buy on the strip that the earthquake hit hardest.
See current prices by district in the Durrës price table, compare Plazh and Shkëmbi, or browse apartments in Shkëmbi.