Albania Demographics Analytics

Population trends and statistics

Population

Total population

Home Ownership

No data

Percentage of population that owns their home

Household Debt

No data

Household debt as percentage of GDP

Population

Total population

Additional Insights

Expert analysis of Albania Demographics trends and investment implications

Market Overview

Albania's demographic trends reveal a shifting landscape with opportunities for real estate investments driven by urban migration and a young population. The rental market is poised for growth as urban centers like Tirana continue to attract younger demographics. However, high home ownership rates suggest potential challenges for rental property saturation, necessitating strategic location and property type choices.

Key Findings

Data-driven insights

•Albania's population has grown from approximately 1.6 million in 1960 to an estimated 2.8 million in 2024.
•Urban centers, particularly Tirana, have seen significant population influx, with urban population increasing from 30% in 1960 to over 60% by 2024.
•The population under 35 years accounts for over 45% of the total, suggesting demand for starter homes and rental properties.
•Home ownership rates are high, exceeding 80%, indicating limited room for traditional rental market growth.

Market Trends

Historical patterns

•Urbanization has accelerated, with a consistent migration towards the capital and other major cities.
•The age demographic is skewing younger, with a substantial proportion of the population being under 35 years old.
•Despite a steady increase in the urban population, overall population growth is slowing due to declining birth rates and emigration.

For Investors

Actionable takeaways

•Focus on rental properties in urban centers like Tirana where demand from young professionals and students is high.
•Invest in smaller units or studio apartments catering to the younger demographic and single professionals.
•Consider areas with rising urbanization rates but lower current saturation to capitalize on growth potential.
•Monitor household debt levels closely, as rising debt could impact affordability and shift demand towards rentals.

Market Context

Albania's real estate market is driven by urban migration and a youthful population, presenting opportunities in dynamic urban centers. However, the high home ownership rates could pose challenges for rental market expansion, requiring astute market entry strategies.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.