Shkodra is the largest city in northern Albania and the only inland market in our coverage where new-build prices roughly doubled over four to five years. The driver is supply, not demand: few building permits have been issued over the past three years, so the new stock that reaches the market is thin. Buyers are local families and the northern diaspora, with a Montenegrin and Kosovar edge; foreign investment demand of the coastal kind barely registers here.
That also sets the ceiling. Wages have not followed prices, so the number of households able to carry a mortgage has fallen, and Shkodra has no short-term-rental economy to soften a slow year the way Durrës or Sarandë do. Long-term rent is the realistic income case: a 1+1 in Parrucë asks €163–255 a month in the lek-denominated segment, which works out near 3.2–4.7% gross on peripheral purchase prices, before costs and vacancy.
