Chatting with a taxi driver while back in Belfast a few months ago, he was intrigued when I told him that I was living in Albania. Did I think it was worth investing in property there, he enquired. Not unless you're prepared to risk losing your money, I replied. By the end of the journey he was considering Bulgaria instead. Despite the risks, some people are starting to invest in Albanian property. The Daily Telegraph reports on Ian Warburton who recently spent 29,000 GBP (around 40,000 EUR) on a one-bedroom apartment in a new development in Tirana. "Given its location, I don't see how it can fail to work," he said. The development is called Terra Nova and the apartments are being actively marketed as an investment opportunity by Barrasford and Bird , a UK property company. Here is their sales pitch for Albania: Albania shares the same stunning coastline as Croatia and Montenegro. However, Albania has better weather and prices are about a quarter of those compa...
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