Foreign investors often ask whether buying property in Albania provides a pathway to legal residency. While Albania does not currently offer a formal “golden visa” or automatic residency program based solely on property investment, owning real estate can help support a residency permit application.
Understanding the legal framework is key to setting realistic expectations and navigating the process.
Does Buying Property Grant Automatic Residency?
No—buying property in Albania does not automatically grant residency or citizenship. Foreign nationals who purchase property must still apply for a residence permit through Albania’s immigration authorities.
However, property ownership is viewed as a legitimate reason to request residency, often under the category of “residence for personal purposes” or “residence based on sufficient income.”
How Does Property Ownership Support Residency?
Owning property demonstrates ties to Albania and provides a stable address, which are both positive factors when applying for a residence permit. Applicants typically must show:
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Proof of legal property ownership (registered title deed)
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Proof of sufficient financial means to support themselves while living in Albania
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Valid health insurance
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Clean criminal record from their home country
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Evidence of accommodation (the owned property itself)
Applications are submitted to the Albanian immigration office, and residency is initially granted for 1 year, renewable annually.
Is There a Minimum Property Value?
Currently, Albanian law does not impose a minimum property value requirement for using real estate ownership as a basis for residency. However, the property must be formally registered with the State Cadaster Agency and free of legal disputes or encumbrances.
Unlike some other countries, Albania does not have an official investment threshold or dedicated investor visa tied to real estate.
Can Property Owners Apply for Long-Term Residency?
Foreign property owners may renew their residence permit annually as long as they continue to meet requirements. After 5 consecutive years of legal residency, they may become eligible to apply for a permanent residence permit.
Time spent under a residence permit for personal purposes counts toward the five-year minimum, provided the holder maintains valid status continuously.
Important Considerations
Foreign property owners should be aware:
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Residency is a separate process from property purchase
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The application process involves document translations, legalizations, and submission of foreign-issued records (apostille or consular authentication may be required)
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Residency does not automatically lead to citizenship
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Income-based requirements must be satisfied regardless of property ownership
While Albania does not grant automatic residency by property purchase, owning real estate provides a strong foundation to apply for a residence permit, demonstrating personal ties, accommodation, and financial stability.