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Illyria Resort & Spa is a high quality coastal development, overlooking a
picturesque bay and beautiful sandy beach. Property with panoramic view and
services generally increases in value faster than other property. It also
attracts higher demand from prospective buyers and tenants wanting the
optimum position for their new home or investment.
Illyria Resort & Spa will be designed by a world renowned architect coming
for the first time in Albana to be announce soon….We see these apartments at
Illyria Resort as mid- to long-term investments – the discount to market
value offers an immediate equity boost and there is a genuine capital
appreciation story.
About the Development
The site is 25’000 m2 in size and has outline planning status granted; it is
included in the local council’s tourism master plan. Thanks to the new road,
it would be reasonable to suggest that the apartments could be used by
visitors to both Tirana or Durrės, as a pleasant seaside alternative to the
accommodation currently offered. The Spa will be the first in Albania and
will also attract many locals off season.
Investor incentives
Albania’s property market is very buyer-friendly. There is no transfer tax,
stamp duty or VAT due on purchase. There is only a 10% capital gains tax to
pay on the sale of a property, nor withholding or inheritance tax. And with
income tax at a competitively low 10%, Albania is a cost effective market to
invest in.
Apartments
The building spec at Illyria Resort is for high quality apartments,
providing Albania with one of the first seaside resorts of its kind. It will
also prove extremely attractive to the local market thanks to the Spa.
There are 2 types of units available. 1-beds of 40 m2 and 2-beds of 60 m2.
(As is the custom in Albania these sizes are gross, so they include terraces
and a share of common space.)
Resort
Illyria Resort will have excellent on-site facilities including swimming
pool, beach volleyball and Tennis club. Other features planned include:
beautiful gardens, restaurant, bar, and parking.
Spa
The Spa will occupied 300 m2 and will be the largest in Albania. Sauna,
Hamman and treatment room will be offered all year long by a worldwide known
Spa brand. The name will be disclose soon….
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