One of the largest, most ambitious tourist communities to date, the Vlora Village Resort will change the north coast of Vlora dramatically. The resort will be constructed by one of the largest construction company groups in Albania, and all is expected to be completed by 2012/13.
The resort fronts the sandy beach, and offers amazing views of the Ionian Sea and Sazan Island. The village will be 2km away from the new highway from Fier to Vlora, which will be completed in 2011.
The drive from Vlora city centre to the turnoff to the resort is currently 20 mins, but once the new highway is complete in 2011, this should only take 10 mins. This will also offer fast access from Vlora port which currently receives regular passenger ferries from Italy.
The resort will be a village community unlike any previously seen in Albania. The first section of the project will comprise 120 hectares, and the whole site once complete will cover 700 ha. The developer will only construct up to 15% of the total size of the land, leaving the remaining 85% as natural forest.
The Features of the Vlora Village Resort include:
- A Number of Luxury Beachfront Hotels
- Small Land plots for Villas (now available)
- Luxury Apartment Buildings
- Extensive Parks and Gardens
- Aqua Water Park
- Swimming Pools: summer and winter
- Shopping Centre
- Commercial Centre
- Bars and Restaurants
- Sporting Club – Volleyball Courts, Football Field, Tennis Courts, Basketball Courts
- Children’s Playground
- On-site Parking
- Marina
- Petrol Station
- Gated Community with security guards
FIRST PHASE LAND PLOTS in Vlora Village Resort from EUR7,500
For the first phase release, there are a limited number of 500sqm, 700sqm and 1,000 sqm land plots available. There are 5 price levels depending on the distance to the beach.
The closest land plots are EUR35/sqm and the furthest land plots are EUR15/sqm, so the prices for the land start from an amazing low price of EUR7,500.
EUR1,000 is required as a reservation deposit, to take your plot off the market, and the balance is payable once your contract for your land is signed.
There is no time restriction for when you need to build. You can just hold the land for land banking if you wish.
If you would like to build a villa, you must use the site developer to construct your villa. You can choose from 2 or 3 designs models, and the price starts from EUR450/sqm for medium-high quality construction.
The timescale the developer guarantees your villa will be constructed is 3 years. This will allow time for the infrastructure to be available.
The site developer will retain ownership of all the common land, so they will have an ongoing vested interest in the Village Resort.
Once you have purchased in the Vlora Village Resort, you will become a member of the Resort Club, giving you access to all the Resort facilities.
Regarding the maintenance fee, currently the management company for the site has not yet been established, so if you buy the land plot now, there are no management or maintenance fees to be paid for the moment.
Villa Stage Payments
If you decide to go ahead and have your villa constructed, the stage payments required during the building phase are as follows:
- 30% of villa build cost on receipt of building permission
- 30% of villa build cost within 30 days of the completion of the shell of the villa
- 30% of villa build cost within 30 days of receiving the keys/ build complete
- 10% of villa build cost on receipt of hypotek/ title deed
This is a unique opportunity to invest for your personal use or for an investment return, in the changing seafront real estate market of Albania. The first phase of the resort will offer luxury Albanian property for a very low price.