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Property for Sale in Artificial Lake, Tirana
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asking prices · 2026-H1 · Reference schedule: Udhëzim 34/2023 (in force 01.01.2024)
The zone spans cadastral subzones 5/2 and 5/3, so the reference price is a range rather than one rate. A luxury tower here set the country record at €10,000/m², far outside the band above.
The Artificial Lake is the most expensive reference zone in Tirana at 227,400 lek per square metre. Off-plan units run about 2,400 to 2,700 euros per square metre in 2026, and around 2,700 near the dam. A luxury tower here set the national record at 10,000 euros per square metre.
It holds the city's main green asset. The lake and Olympic Park give central Tirana its only large park, and apartments overlooking it are scarce, which is what carries the 227,400 lek per square metre reference price. Buyers are concentrated among Albanian high earners and foreign purchasers.
Not automatically. The view premium here is not consistently supported by rental income: tenants pay for location, size and condition far more than for an outlook. Treat the premium as a lifestyle and capital-preservation purchase rather than a yield play, and compare the actual achieved rent in the building before paying it.
Foreigners buy flats, houses and commercial property in Albania on the same legal terms as citizens; only agricultural land is restricted. Ownership passes by notarial deed alone. On top of the price, a buyer pays:
Rates: Ministry of Justice Order 279/2012 (notary scale), the ASHK fee schedule, market practice for agency fees. Confirm the exact amounts with your notary.
Can foreigners buy property in Albania?Legal guide for buyers