Acquiring Property

Acquiring Property

Acquisition of the right of ownership of immovable property in Albania can be realized in several legal forms, in accordance with the provisions of the Civil Code or through special laws.

In any case, the acquisition of property rights goes through two stages:

  • Acquisition of property rights or limited rights over property, through an act of a public authority or through contracts.
  • Completion of the transfer of the property right through the registration of the documents of the title of ownership in the Register of Immovable Properties

The above restrictions do not apply when a new Albanian company is created, even with 100% ownership by a foreign investor or through the purchase of shares in existing Albanian companies.

Ownership On Immovable Property In Albania May Be State Or Private.

State assets can be offered to private businesses in the following three ways:

  • Sale through privatization;
  • Leasing;
  • Emphyteusis;

In the emphyteusis contract, the subject, in addition to gaining the right of use, must also improve the object of the contract. Also with emphyteusis can be leased only real estate while renting both real estate and movable.

State assets are leased or emphyteusis to third parties through the competition procedure, except for the specific cases defined according to which, state assets are given without competition.

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