• ACQUISITION AND REGISTRATION OF IMMOVABLE PROPERTY

OLTJAN HOXHOLLI

ACQUISITION AND REGISTRATION OF IMMOVABLE PROPERTY

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ACQUISITION AND REGISTRATION OF IMMOVABLE PROPERTY IN ALBANIA

Based on law no. 33/2012 “On the Registration of Immovable Property” immovable property should be registered in the immovable property register.

The register of immovable property includes all information related to the immovable property: identity of its owner, the boundaries of the property, the date of registration and the relative deed of ownership acquisition, and plans that show the location of property.

In addition, any mortgage, adminstrative hold, easement, usufruct, right to use or any other right connected to or deriving from the immovable property that is transferred to any third party, should be recorded in the register.

Any contract or document effecting transactions involving an immovable property should be filed with the competent Immovable Property Registration Office (IPRO) within 30 days of its execution. The Immovable Property Offices operate on a first come, first served principle,m therefore the time of submitting a transactional document with the said Offices determines the priority of its registration.

The IPRO issues the respective certificate and property record file (of ownership, usufruct, easement, etc.) at the request of the owner or holder of the relevant right. If the holder of the certificate loses it, he can ask for the issue of a new certificate at the Registration Office of the territory where the immovable property is located.

RESTRICTIONS ON ACQUISITION OF LAND BY FOREIGNERS

Under law no. 7980, dated 27.07.1995 “On the Acquisition of Plots”, as amended, foreign individuals may acquire and own land which can be built on, as long as it is proven that they have invested in the land not less than 3 times its value.

The value of the land is determined by the Council of Ministers. Until such investment is made, the foreign individual/entity may use the land under a lease contract.

Foreign individuals/entities may acquire land by establishing a company under the Albanian law, which as an Albanian legal person can then freely acquire and own any type of immovable property.


The registrar shall record in the register the nature of the dispute and indicate the court that is hearing the case.

The IPRO keeps separate registers for the registration of construction permits and buildings under construction.

Thu Jan 03 17:35:09 CET 2019




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