Saranda is about to experience a major property boom. The Albanian government has confirmed the construction of Gjirokastër Airport, which will serve both Saranda and Gjirokastër, finally giving the southern region its own air access.
Prime Minister Edi Rama has shared images of the old airfield in Gjirokastër, the site chosen for the region’s new South Tourist Airport.
He announced that construction plans were decided based on international studies focused on the Saranda-Gjirokastër area. The competition for the project is set to open within the first six months of this year.
“With these views from the old Gjirokastër airfield, where studies with international experts confirmed the ideal location for the new airport, I wish you all a great day,” Rama stated on social media.
A Game-Changer for Saranda
This means that within just a few years, travelers will no longer have to rely solely on Tirana’s long way and Corfu’s airport and ferry routes to reach Saranda. Instead, they will have a domestic and international airport just 50 minutes away, making the city more accessible than ever.
How Will Property Prices in Saranda Be Affected?
Looking at what has happened in similar Mediterranean locations when a new airport was built, the results are clear:
- Malaga, Spain – Property prices increased 50-100% after the airport expansion.
- Alicante, Spain – Prices rose 30-60% due to increased accessibility.
- Faro, Portugal – The Algarve saw a 50-80% jump in property values.
- Dubrovnik, Croatia – A new airport pushed prices up 40-70%.
- Split, Croatia – Real estate values climbed 30-50%.
What Will Happen to Saranda’s Real Estate Market?
Based on these examples, we can expect that property prices in Saranda will increase significantly the year after Gjirokastër Airport is completed. Investors and homebuyers will rush to secure properties before prices rise. Why?
- More International & Domestic Visitors – With flights directly to the region, Saranda will attract a larger number of tourists, boosting demand for short-term rentals and holiday homes.
- Increased Foreign Investment – Buyers from Europe and beyond will see Saranda as an easier and more attractive place to invest.
- Higher Rental Yields – More visitors mean higher occupancy rates and rental income for property owners.
- Infrastructure Growth – The new airport will likely bring new roads, businesses, and hospitality investments, further increasing real estate values.
How Much Will Prices Increase?
If we follow the pattern seen in Spain, Portugal, and Croatia, Saranda could see a 30-50% price increase the year after the airport is operational. Some key areas, especially beachfront and city-center properties, could experience even faster appreciation.
Big changes coming to Saranda, history shows what happens next.
History shows that the biggest price jumps happen right after an airport is completed. Investors who buy before Gjirokastër Airport opens will see the highest returns.
With two key access points, Corfu and Gjirokastër, Saranda will soon become the most accessible and desirable city on Albania’s coast.
At Elite’s Realty Group, we’ve always been ahead of the market, helping our clients secure the best properties before demand skyrockets. If you want to invest in Saranda before prices rise, contact us today.
📩 Get in touch with Elite’s Realty Group now and secure your spot in Albania’s hottest real estate market!
