Green Terrace Residence

Dhermi

€187,200

⭐ Why we recommend this listing for investment

A key argument for investing in the Green Terrace Residence project is its unusually accessible bank-financing terms, which aren't common on the Albanian market. In partnership with ProCredit Bank, foreign buyers can get a mortgage for up to 80% of the purchase price, with a term of up to 30 years. A key advantage is that the loan doesn't require collateral in the form of another property in the investor's home country (e.g. Czechia) — the bank accepts only the apartment being purchased in Albania itself as collateral. The gradual drawdown of the loan is safely tied to the individual construction phases, letting investors minimize their initial outlay, protect their own cash flow, and use leverage effectively to maximize returns.

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Description

The Green Terrace Residence project is a premium residential complex located in Palasë on the Albanian Riviera. The project is being developed in partnership with an international hotel chain and will operate under the Radisson Individuals brand. It represents the "branded residences" model, combining private ownership with the infrastructure and standards of an international hotel operator.

🔑 Key parameters

Layout: Studios, 1+1, 2+1, 3+1, and two-story duplexes
Property type: Branded residential and hotel complex (Radisson Individuals)
Energy standard: Class A (advanced thermal insulation, energy-efficient windows)
Facilities: Outdoor and indoor pool, spa, paddle tennis court, restaurant, bar
Rental management: A professional buy-to-let rental management program is available, with an estimated yield of up to 8%

🏗️ Detailed project description
The complex's architectural design was created by the internationally renowned ARUP studio. The offering includes a wide range of layouts, from compact studios to spacious 3+1 family apartments and duplexes. Selected units come with their own private pools. The building meets Class A energy standards, uses modern insulation systems, and minimizes energy use for heating and cooling. The grounds offer residents extensive recreation and sports options, including a wellness center, indoor and outdoor pools, and a paddle tennis court. The developer also offers optional interior design services and turnkey furnishing through its own team.

📍 Location and amenities
The project is located in the seaside area of Palasë, with direct access to the beach of the same name on the Albanian Riviera.

Payment terms

Bank financing: The project partners with ProCredit Bank, which offers financing of up to 80% of the property's value. Payment schedule (interest-free financing): Payments are tied to construction phases and differ by building: For Building 1: 50% within 5 days of signing the preliminary purchase contract. 30% after the shell construction is complete. 15% after the facade is completed and windows installed. 5% upon signing the final purchase contract and handover. For Buildings 2 and 3: 5% reservation fee (payable within 15 days of reservation; 50% of the amount is forfeited on withdrawal). 35% upon signing the preliminary purchase contract at the notary (the reservation fee is already included in this amount). 30% after the shell construction is complete. 25% after the exterior facade is completed. 5% on the day of key handover and transfer of ownership.