Tuesday, December 7, 2021
Housing Market in Albania
From the IMF’s latest report on Albania:
“Enhanced surveillance of the fast-growing real estate market is needed. Housing price growth has averaged 11 percent annually since 2018, driven by prices in Tirana and coastal areas. Mortgages account for 64 percent of household loans and construction loans account for 13 percent of total loans to enterprises. Staff encouraged the authorities to address data gaps in the real estate market and develop indicators to closely monitor the potential impact of the sector on financial stability.”
Posted by at 1:46 PM
Labels: Global Housing Watch
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