Keshillat tona
For many families and young people living in rental properties, buying an apartment still seems like a distant goal. However, when the actual numbers are compared, it becomes clear that many tenants are already paying almost the same amount each month as they would for a mortgage loan. This raises a simple question: if you can afford your current rent, could you also afford to buy a property? Under current market conditions and with a long-term mortgage, monthly payments can translate into significant property values: €350 per month → approximately €75,000 Studio apartments or small apartments in the outskirts of Tirana, such as Vaqarr, Ndroq, Kashar, or in other cities such as Elbasan, Shkodër, and Korçë. €500 per month → approximately €110,000 One-bedroom or two-bedroom apartments in Astir, Yzberisht, Fresk, Kombinat, or developed areas of Durrës. €700 per month → approximately €150,000 Two-bedroom apartments in Laprakë, Ali Demi, Kinostudio, Don Bosko, or near the beachfront in Durrës. €900 per month → approximately €195,000 Quality apartments in Komuna e Parisit, Liqeni i Thatë, Rruga e Kavajës, the former Blloku area, or popular coastal locations in Vlorë. €1,200 per month → approximately €260,000 Premium apartments in Blloku, near the Grand Park of Tirana, in new residential developments, or sea-view properties in Vlorë and Gjiri i Lalzit. Of course, these figures may vary depending on interest rates, loan terms, and the size of the down payment. Nevertheless, the comparison remains interesting: in many cases, the difference between rent and mortgage payments is smaller than most people think. When you pay rent, your monthly payment is an expense that does not create wealth for you. At the end of the year, you have paid to live in someone else's property. When you pay a mortgage, part of your monthly payment goes toward a property that is gradually becoming yours. Over time, you build equity and acquire an asset that can be sold, rented out, or passed on to future generations. For many buyers, this is the main difference between renting and owning. This does not mean that a mortgage is always the ideal solution. Renting may be more suitable if: You are not sure where you will live in the coming years. You plan to move to another city or country. You have not yet accumulated the necessary down payment. You prefer maximum flexibility without long-term commitments. In these situations, renting offers greater freedom and fewer financial obligations. In cities such as Tirana, Durrës, and Albania’s coastal areas, rising property prices and rental rates have narrowed the gap between the two. In some cases, a monthly mortgage payment is very close to the amount paid in rent. This is why more and more families are considering purchasing a property instead of remaining long-term tenants. If you are paying €500, €700, or €900 in monthly rent, now may be the right time to compare your options with the mortgage products available on the market. In many cases, the same monthly payment could help you purchase a property and invest in your future. The decision depends not only on the monthly payment, but also on your financial stability, family plans, and long-term goals. Nevertheless, before renewing your next rental contract, it is worth checking whether that monthly payment could become the first step toward owning your own home.How Much Property Can You Buy with Your Monthly Payment?
What Do You Gain When You Pay a Mortgage?
When Might Renting Be the Better Choice?
The Market Is Changing
A Calculation Worth Making
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