The choice of direction for the investment of their funds - it is quite responsible. In addition to the value of the property, the potential buyer should consider a number of factors: the economic and political situation in the country, standard of living and, finally, the future liquidity of the purchased property. In this article, a comparative characteristic of Bulgaria and Albania under the prism of the factors mentioned above. In the tables for ease of comparison includes average prices in euros for February 2019.
The cost of food
| Name | Price in Euro | |
| Bulgaria | Albania | |
| Milk (1l) | €0,98 | €0,83 |
| A loaf of white bread (500 g) | €0,47 | €0,44 |
| Rice, 1 kg | €1,10 | €1.07 |
| Eggs (10 PCs.) | €1,17 | €1,03 |
| Local cheese, 1 kg. | €4,43 | €4,10 |
| Chicken breast, 1 kg. | €4,35 | €3,50 |
| Apples, 1 kg. | €0,99 | €0,83 |
| Oranges, 1 kg. | €1,04 | €0,86 |
| Potatoes, 1 kg. | €0,42 | €0,51 |
The cost of transportation expenses
| Name | Price in Euro | |
| Bulgaria | Albania | |
| Public transportation (the cost of one trip) | €0,51 | €0,21 |
| Travel card for a month | €20,45 | €To 8.57 |
| Taxi (1 km) | €0,40 | €2,00 |
| Gasoline, 1 liter | €1,29 | €1,37 |
The utility costs
| Name | Price in Euro | |
| Bulgaria | Albania | |
| Utility bills for the apartment of 85 square meters (electricity, heating, water, garbage) | €88,93 | € €53,13 |
| Talks on a mobile phone (1 min) | €0,16 | €0,23 |
| Internet (unlimited package, 6 speed Mbps + cable TV) | €7,96 | €16,45 |
The cost of renting real estate
| Name | Monthly rent Euro | |
| Bulgaria | Albania | |
| Apartments in the centre of the city (1 bedroom) | €201,74 | €205,75 |
| Apartments in other areas (1 bedroom) | €143,20 | €117,92 |
| Apartments in the city center (3 bedrooms) | €355,77 | €348,82 |
| Apartments in other areas (3 bedrooms) | €257,17 | €233,15 |
| The profitability of the lease, % per year for real estate in the city center | €5,82% | €2,55% |
| The profitability of the lease, % per year for real estate outside of the center | €6.32 per% | €5,51% |
Real estate prices
| The price per square metre, Euro | ||
| Bulgaria | Albania | |
| The price of real estate in the city center | €749,03 | €1233,20 |
| The price of real estate in other urban areas | €493,63 | €487,50 |
As can be seen from the above table , the prices of luxury properties in Bulgaria is significantly lower Albanian, which is an added plus for those who want to buy liquid housing for subsequent delivery of the lease.
Average salary
Average monthly salary after tax is in the Republic of Bulgaria - €347,40, Albania - €285,99.
Interest on the Bank mortgage
Interest rate on mortgage loans is in Bulgaria - 7,69%, Albania - 7,39%.
Comparison of quality of life
By the combination of other factors, such as the purchasing power of the population, the level of GDP per capita, quality of care, degree of pollution, quality of life in Bulgaria is significantly higher than in Albania. On the other hand, Albania shows a relatively higher rate of economic growth that in the long term will contribute to improving the quality of life in this country.
The climate and terrain
Thanks to the beautiful nature, mountains and sea coast of Bulgaria, and Albania are quite popular tourist States. As in Albania and Bulgaria tourism is a significant part of GDP.
In Albania most of the territory is covered with majestic mountains. The Western part of the country bordering the Adriatic and Ionian seas. The presence of the sea and mountains significantly influence weather conditions - there is continental Mediterranean climate with mild winters and fairly warm summers. The climate in Bulgaria is in some places as continental, some Mediterranean, however, due to a certain shift of the country to the North, the average temperature is slightly lower.
So, calmly analyze the data and take the right decision in relation to the country's favorable from the point of view of real estate investments.
This article uses statistical materials from the largest database http://www.numbeo.com/
