Albania occupancy rates increase

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With interest in emerging Eastern European markets continuing to be a focus for companies looking to take advantage of EU expansion, Albania looks set to be the new hotspot for investors.

Statistics show that Albania had more than 4 million visitors in total during last year, with more than a quarter of a million extra entering the country in the first nine months as compared with 2011.

It isn’t just tourism expectations that are looking positive for the country this year, with rental yields from high visitor rates attracting foreign investors and the commercial sector looking likely to receive a boost too.

Having joined NATO in 2009 and with future plans to gain full EU membership, the Albanian currency of the Lek currently helps draw international interest with its favourable exchange rates.

The domestic property market is benefiting from the all of these positive factors as ever larger numbers of visitors look into the possibility of having a holiday home in the country, or making a holiday home investment that can produce a good rental yield.

Occupancy rates rose by more than 7.5% during 2012 according to official figures from the European Travel Commission, confirming a growing trend for holidays both within Europe and from the outside who are looking further afield than the more traditional Mediterranean hotspots or cultural centres such as London and Paris.

The unspoiled and uncrowded beaches of the Albanian coastline present a welcome surprise for those looking for a relatively new destination within Europe and the Adriatic coast can boast natural attractions to match those found anywhere else on the continent.

With increasing interest in the country on so many levels, now is a perfect time for foreign investors to look into the potential that Albania has to offer.

Transferring money abroad is most often best undertaken by using the services of a currency exchange specialist who will have access to the best rates.

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