TIRANA, Sept 29 /ATA/ – The price of real estate in Albania soared to a record high in the first half of 2022, data from the Bank of Albania showed on Thursday.
According to the Fisher Price Index, central bank estimates that the average house prices in first half of 2022 rose 28.4% compared to the previous half of the year and 39% year-on-year.
This is the highest 6-month increase of this price index since 2013, when the Bank of Albania started its calculation. Compared to the base period, the housing price index has increased by approximately 110%.
Central bank said that price rising in the first half of this year was mainly by the increase in the volume of real estate sales in the area of Tirana. The price index for sales in the capital registered an increase of 28.5% compared to the previous period and about 40% compared to a year ago.
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