Completion Time Frame: 10 days (simultaneous with procedures 2 and 3)
Completion Costs: 950 ALL (500 ALL is the property certificate and 450 is the map)
Points to Note:
The seller files with the relevant Real Estate Registry Office the required documents in order to obtain an updated certificate of title with a layout or a record file. It contains the property number, land registry area, name of co-owner(s), the description of the surface of the property in square meters, the site and/or building(s) data, if any, and a specific section certifying that the real estate property is or is not subject to any dispute, lien, encumbrance, mortage or any other real rights .

Step 2: Verification of property certificate and relevant map at the Real Estate Property Registry

Completion Time Frame: 2 days (simultaneous with procedures 1 and 3)
Completion Costs: 550 ALL (updated record file) + 950 ALL (updated certificate of title with a layout)
Points to Note:
The legal status of the real estate property is checked by means of prior filing of an application by the seller with the relevant Real Estate Registry Office in order to obtain an updated certificate of title with a layout or an updated record file to be submitted to the Notary Public. It is mandatory that this step be followed by the seller in case of execution of a sale and purchase contract on the real estate property.

Step 3: Comparison of indicative property map with the real situation and position of the land

Completion Time Frame: 1 day (simultaneous with procedures 1 and 2)
Completion Costs: 50 to 100 ALL per square meter of the land
Points to Note:
Such proceeding aims at preventing any dispute arising from overlapping, borders misfit and land surface. It is not mandatory, but it is advisable to be followed in case of a high-priced transaction. The verification should be done by a licensed topographer at the expense of the buyer.
Official fee to be paid is 40 ALL per square meter, but in reality the fee is between 50 – 100 ALL per square meter of land. It is assumed that the area of land in this case is 557.4 square meters.

Step 4: Notarization of the sale and purchase contract by a notary public

Completion Time Frame: 1 day
Completion Costs: The fees applied are calculated according to the following schedule:

Value of real estate property Notary fees
From 100,000ALL up to 3,000,000 ALL 3,500 to 7,000 ( fee is estimated proportionally)
From 3,000,000ALL up to 4,000,000ALL from 7,000ALL up to 8,500ALL
From 4,000,000ALL up to 6,000,000ALL from 8,500ALL up to 10,000ALL
From 6,000,000ALL up to 8,000,000ALL from 10,000ALL up to 15,000ALL
From 8,000,000ALL up to 10,000,000ALL from 15,000ALL up to 18,000ALL
From 10,000,000ALL up to 15,000,000ALL from 18,000ALL up to 23,000ALL
From 15,000,000ALL up to 25,000,000ALL from 23,000ALL up to 30,000ALL
From 25,000,000ALL up to 40,000,000ALL from 30,000ALL up to 35,000ALL
From 40,000,000ALL up to 50,000,000ALL from 35,000ALL up to 40,000ALL
From 50,000,000ALL up to 70,000,000ALL from 40,000ALL up to 50,000ALL
From 70,000,000ALL up to 100,000,000ALL from 50,000ALL up to 100.000ALL
Over 100,000,000ALL Up to 150,000 ALL

Points to Note:
The sale and purchase contract must be notarized before a notary public. The contract must be drafted by a notary public, lawyer, attorney at law, legal consultant or the parties themselves. The Albanian law does not put any restrictions regarding this issue. In case the sale and the purchase contract is not drafted by a lawyer, the notary public is held responsible for the terms and conditions provided therein.

An updated certificate of title of the property with a layout or an updated record file issued by the relevant Real Estate Registry Office is attached to and is an integral part of the sale and purchase contract.

Step 5: Payment of income tax at a second-tier bank

Completion Time Frame: 1 day
Completion Costs: 0.5% – 3% of property value, according to the following scale by Order of the Ministry of Finance No. 5, dated January 30, 2006: for properties the sale price of which is: from 0 up to ALL 2,000,000, the income tax is 0.5% of the sale price; over ALL 2,000,000 up to ALL 4,000,000 is 1% of the sale price; over ALL 4,000,000 up to ALL 6,000,000, is 2% of the sale price; over ALL 6,000,000 and up, is 3% of the sale price.
Points to Note:
The seller is subject to the income tax due the transfer of the title of ownership on the real estate property. Such tax is paid at a second-tier bank in the territory of the Republic of Albania, with whom the relevant Real Estate Registry Office maintains a banking account, and the seller obtains a receipt of payment of income tax.
The alienation of a real estate property from a legal entity to another one is also subject to capital gains tax, at a rate of 20% of the transaction value.

Step 6: Application for the registration of the real estate property with the relevant Real Estate Registry Office under the name of the buyer

Completion Time Frame: 30 days
Completion Costs: 1,800 ALL (730 ALL registration fee, 950 insurance fee and 120 mailing service fee)
Points to Note:
The buyer submits the original version of the sale and purchase contract and the bank receipt for payment of income tax to the relevant Real Estate Registry Office for the registration of the real estate property under the buyer’s name.
The Tirana Real Estate Registry handles the registration of the real estate properties mainly by means of a computerized system.