Discover Affordable Living in Albania’s Coastal Paradise: How Paul Found His Dream Apartment for Just $60k
Ever wondered how you can buy a dream apartment in Albania for just $60,000? In this blog, we dive into Paul’s journey of securing a stunning sea-view apartment while navigating the unique visa advantages of living in Albania. Join us as we uncover practical tips and inspiring insights into the world of expat living!
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Introduction to Paul
Meet Paul, an adventurous American expat who took the plunge into a nomadic lifestyle three years ago. With a heart for exploration and a keen eye for opportunity, he found himself in Saranda, Albania, where his journey truly began. Paul’s story is one of discovery, resilience, and a dash of serendipity. He started his travels in Germany where his sister had just moved. However his first solo destination that captured his heart was Saranda. “I really loved it here,” Paul shares, emphasizing the allure of this charming coastal town.
Paul’s Nomadic Lifestyle Journey
Paul’s journey is a testament to the beauty of slow travel. After his initial visit to Saranda in October 2021, he ventured across Europe, exploring Turkey, Croatia, Iceland, Ireland, and Spain. However, it was upon returning to Saranda in February 2023 that he realized just how much the place meant to him. “I kinda forgot it in the year and a half that I was gone,” he reflects, highlighting the unique connection he developed with the town. His travels weren’t just about seeing new places; they were about finding a sense of belonging.
Why Saranda?
Paul’s decision to settle in Saranda was influenced by its stunning scenery, which features the sea on one side and mountains on the other. “The scenery here is amazing,” he states, showcasing the natural beauty that surrounds the area. Not only is it picturesque, but it also offers rich cultural experiences and historical sites within minutes of the town. Plus, with Corfu, Greece just a thirty-minute ferry ride away, the location is both convenient and captivating.
The Allure of Saranda, Albania
For many, the charm of Saranda lies in its affordability and vibrant lifestyle. Paul highlights that the cost of living is significantly lower compared to the U.S., emphasizing the financial freedom that comes with living abroad. This affordability allows him to enjoy life without the burden of a mortgage or high living expenses.
Visa Benefits for Americans
One of the standout features of living in Albania is the visa benefits for American citizens. Paul notes, “If you’re Americans, you don’t have to do anything. You fly in, and that’s it.” This straightforward process is a major plus for those looking to establish a home base abroad. With a one-year visa granted upon arrival, Americans can explore the country without the hassle of extensive paperwork.
| Country | Average Cost of Living | Visa Requirements |
| Albania | Significantly lower than the U.S. | 1-Year Visa on Arrival |
| Bulgaria | Moderately affordable | Schengen Visa |
| Romania | Moderately affordable | Schengen Visa |
Quick Start Guide to Saranda Albania: Your Stress-Free Visit Starts Here
Planning a trip or traveling full time can be daunting, but dont worry! Our “Quick Start Guide to Saranda, Albania” is here to ensure your first week is smooth and stress-free.
Key Features:
- What to Know Before You Go
- Communication
- How To Get Around Saranda, Taxis and Rideshares
- Accommodations Where to Stay
- Banking ATMS Currency
- Groceries & Restaurants
- Nightlife, Bars and Nomad Communities
- Pharmacies, Health and Safety
- & More
Cost of Living Considerations
One of the most compelling reasons Paul decided to buy property in Albania was the significantly lower cost of living compared to the U.S. He notes, “I save, you know, probably two thousand dollars a month,” which highlights the financial freedom that comes with living in such an affordable country.
For instance, Paul’s rent in Saranda was just $350 a month during the winter and early spring. Adding utilities brought his total monthly expenses to around $375. With the purchase of his apartment, he anticipates even lower costs. “My electric is gonna be under twenty bucks a month. My water bill is gonna be under twenty bucks a month,” he shares, illustrating the stark contrast to monthly expenses in the States.
Monthly Expenses Comparison
| Expense | Cost in Albania | Cost in the U.S. |
| Rent (1-bedroom) | $350 | $1,500+ |
| Utilities | $25 | $200+ |
| Water Bill | Under $20 | $50+ |
The Decision to Buy Property
Paul’s decision to invest in property was not made lightly. Initially, he considered several options across Eastern Europe, including Bulgaria and Romania. However, changes in the Schengen agreement ultimately swayed him toward Albania. “Romania and Bulgaria joined the Schengen [Area], and that kind of sealed the deal,” he explains, emphasizing how crucial timing was for his decision.
With a budget cap of $60,000, Paul had to be strategic. He recalls, “I had a minuscule budget, and it was gonna be a real task to find what I wanted.” This constraint made the search challenging, especially since he encountered many properties that exceeded his budget. In the end, the affordability and beauty of Saranda made the decision clear.
Finding the Right Apartment
Finding an apartment that met his criteria was a journey in itself. Paul initially relied on real estate agents, but quickly learned that many listings were beyond his budget. “I went to a few real estate agents and even a studio that wouldn’t be completed until 2025,” he shares, indicating the frustration of traditional property searches.
However, an Albanian friend introduced him to a local website, which revolutionized his search. “I searched Saranda and apartments. Twenty something pages of things came up,” he recalls, noting the vast options available. This persistence led him to discover a property that perfectly fit his budget and needs.
Buying property in Albania is a different ball game, especially for foreigners. Paul describes the process as intimidating, stating, “Very much so. Especially in the Balkans.” The most significant hurdle? Foreigners cannot obtain mortgages, meaning all funds must be available upfront. This added a layer of complexity to his purchase.
“They want cash, its king here,” he explains, emphasizing the need for a clear understanding of the local buying process. This meant that he had to secure all funds upfront, which added pressure to his search. “I had a minuscule budget, and it was gonna be a real task to find what I wanted,” he recalls.
Challenges Faced During the Purchase
Despite his determination, Paul faced unexpected challenges during the buying process. One significant issue was a mix-up with his bank transfer. “The notary gave us the wrong number, and my money just came from the States and kinda floated around in Raiffeisen Bank,” he recalls. This led to a stressful delay that lasted over a week.
Adding to the chaos, Paul lost his wallet containing both of his debit cards during this period. “This added stress, I lost my wallet with both my debit cards,” he explains, reflecting on the compounded challenges he faced while navigating the purchasing process.
Ultimately, after overcoming these hurdles, Paul successfully completed the transaction and became the proud owner of a 47-square-meter apartment in Saranda. A testament to his perseverance and adaptability in the face of challenges.
Finalizing the Purchase
Finalizing the purchase of his apartment was a pivotal moment in Paul’s journey. After weeks of searching and navigating the complexities of buying property as a foreigner in Albania, he finally made an offer of €55,000 on a 47-square-meter apartment. “I was the proud owner of a forty-seven square meter apartment with a Sea view here in Saranda, Albania,” he reflects, capturing the excitement of achieving his goal.
Working closely with a notary was essential in ensuring everything was in order. “In Albania, you don’t have the real estate agent doing all the legwork for you,” Paul notes. Instead, the notary handled the legal paperwork and ensured that the title was properly transferred into his name. The entire process took about six to seven weeks from the time he made the offer to when he received his Hypotek, the official title deed in Albania.
Cost of Renovation and Furnishing
After finalizing the purchase, Paul quickly turned his attention to renovations and furnishing his new home. He was keen on making the space his own without breaking the bank. “The remodel was under five thousand dollars,” he shares, highlighting the affordability of renovations in Albania compared to the U.S.
Paul transformed the apartment, which he described as filthy and in disarray, into a cozy home with a brand-new kitchen, paint from ceiling to floor, and appliances. “It’s been fantastic,” he states, emphasizing how quickly the renovations were completed. In just about six weeks, his apartment was ready for him to move in.
With the renovations completed, Paul’s total investment, including the purchase price and renovations, came in at his maximum budget of $60,000. “I came in at my sixty thousand dollar budget,” he proudly affirms, proving that with careful planning, an affordable property in Albania is indeed achievable.
Living in Saranda: A Dream Come True
For Paul, living in Saranda has been nothing short of a dream come true. “The scenery here is amazing,” he says, drawing attention to the breathtaking views of the Ionian Sea and the surrounding mountains. The natural beauty, combined with the town’s rich history and vibrant culture, makes Saranda an ideal place to call home.
“Corfu, Greece is thirty minutes away, ferry ride,” Paul adds, highlighting the convenience of his location. This proximity to Greece allows for spontaneous weekend trips, making his life even more fulfilling. The sense of community among expats and locals alike has also enriched his experience. “I hit it off with the expat community here,” he notes, emphasizing the friendships he has formed since relocating.
Living in Saranda offers Paul the financial freedom to enjoy life without the burden of hefty expenses. He highlights the significant savings that come with living in Albania, where the cost of living is considerably lower. With no property tax and low utility costs, he finds himself in a position where he can truly enjoy his surroundings.
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Conclusion and Reflection
Paul’s journey to buy property in Albania exemplifies the potential for American expats to create a fulfilling life abroad. His story is a reminder that with determination, resourcefulness, and a clear budget, dreams of owning property overseas can become a reality. “I really loved it here,” he says, underscoring the emotional connection he has developed with Saranda.
Reflecting on his experience, Paul emphasizes the importance of being proactive and informed. “You have to understand the local buying process,” he advises future buyers. His story serves as an inspiration for those considering a similar path, proving that with the right mindset and approach, living an abundant life abroad is possible.
FAQ: Buying Property in Albania
1. Can Americans get a mortgage in Albania?
No, foreigners cannot obtain mortgages in Albania, so all funds must be available upfront.
2. What is the average cost of living in Saranda?
The cost of living is significantly lower compared to the U.S., with long-term rent for a one-bedroom apartment averaging around $350 to $450 per month.
3. How long does the buying process take?
The buying process can take approximately six to seven weeks, depending on the efficiency of the notary and local government.
4. Are there any property taxes in Albania?
No, there are no property taxes in Albania, making it financially attractive for homeowners.
5. Is it easy to find a property in Albania?
While it can be challenging, utilizing local websites and connecting with locals can help streamline the search process.
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I transitioned from being an award-winning film and video producer to embracing the life of a full-time slow traveler and digital nomad. In 2019, my wife and I took a bold step by selling our home in Nashville along with most of our possessions to embark on this adventure. Since then, we've been capturing our experiences around the globe through videos for both YouTube and this platform. Our journey as slow travelers has allowed us to live an abundant life abroad, and we’re passionate about inspiring others to pursue their own adventures too.
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