According to Keydata, apartment prices in Tirana have tripled in 20 years

2025-10-31 07:33:00, Ekonomi CNA

Apartment sales prices in Tirana have tripled in the last 20 years.

According to the sales price index data published by "Keydata" since 2005, when the price index was calculated at a base level of 100, to the second quarter of 2025, the value of the apartment index in Tirana has increased by more than 230%.

According to "Keydata" data on the apartment sales price index for the period 2005–2025, in the second quarter of this year the index reached 334.61 points, marking the highest level since the beginning of measurements.

Compared to the first quarter of the year, the apartment sales price index increased by 23.03%. Compared to the same period in 2024, the index increased by 16.5%.

The increase in apartment prices in Tirana appears to have accelerated after the Covid-19 pandemic.

At the end of 2023, the index reached 251.16%, while at the beginning of 2024 it exceeded 276%, recording an annual growth of 33.2%, one of the highest in the real estate market, according to Keydata measurements.

By June 2025, the average price per square meter of an apartment, calculated by the “Keydata” index, reached 1,830 euros. The average price was calculated based on data on the prices of existing apartments, i.e. for buildings built 5, 10 or 15 years ago and a low number of new apartments. The average price of apartments in 20 years has almost tripled compared to 2005.

In 2024, Albania was also ranked among the countries that have experienced the highest price increases in Europe, according to the report "On the Real Estate Index 2025" compiled by the international company "Deloitte".

The report noted that the average sales price of apartments in the country reached 1,620 euros per square meter. Compared to 2023, the average price increased by about 17%.

In the report, Albania ranked second after Poland for the highest increase in property sales. In Poland, the growth rate was 19.3%, but according to experts, this increase was influenced by the implementation of state subsidy policies for housing.

According to Deloitte index data, in Tirana the average sale price of apartments reached 2,000 euros per square meter. In downtown areas such as the former Blloku or Skanderbeg Square, average sale prices reached 3,000 to 3,500 euros per square meter./ Monitor