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Green Coast, the largest investment in the entire Western Balkans region
Albania is considered one of the countries with the most promising growth in terms of the number of tourists, especially in the last two years. In 2023, Albania registered over 10 million tourists, a figure that was not even thought of years ago. Moreover, for the first quarter of 2024, about 1.7 million visitors were recorded. Tourist agents point out that there are more reservations from foreigners this summer season compared to last year. The increase in the number of tourists in the country has been consistent, hinting that this trend will continue in the years to come. This is how the prestigious international magazine USA Today begins the article about investments in Albania
USA Today continues with evaluations for Albania, its tourism development in recent years and major projects such as the Green Coast.
Beyond the growing number of tourists, Albania is also experiencing rapid growth fueled by significant private investment in its tourism sector. However, its potential remains underestimated and undisputed, despite representing the fundamental stages of building a sustainable tourism industry. Thanks to significant investments in this sector, both hosting capacities and standards have improved significantly. Therefore, Albania has begun to compete more and more with other countries in the region that have consistently achieved high levels of performance for several years.
In Albania, as well as in the Western Balkan region, the largest investment remains Green Coast, with an investment value of over 1 billion euros, and setting a new standard in Albanian tourism, as a leading investment of the BALFIN Group. Located in the most picturesque part of the Albanian Riviera, Green Coast stands out for its luxurious facilities and high standards. These include a shopping mall, a coastal promenade, a blue flag certified beach, restaurants, bars, boutiques, underground parking, a children's playground and many other accessible services, all carefully designed to provide optimal for tourists and residents. This makes Green Coast the most ambitious project in Albanian tourism, favored by international leisure visitors and prime real estate investments. Since the start of its first phase, Green Coast has attracted the attention of the tourism elite from neighboring countries, sparking inspiration for many other projects based on its success.
The residential area has for several years also emerged as a prime destination for many football and music stars, who not only choose the Green Coast for their summer vacations, but also for real estate investments. Year by year, Green Coast is transforming into a Mykonos-like destination, attracting the attention of famous national and international brands. MGallery by Accor, is just one of the prestigious brands that will bring another level of hospitality and premium services to Green Coast, guaranteeing the success of this project. Green Coast also offers convenience through a comprehensive service package including maintenance of common and green areas, street lighting, beach maintenance, 24/7 security and additional services such as rental program and vacation exchange.
Green Coast was designed thanks to the expertise and professionalism of two respected international architecture studios. The first phase is brought to life by "Iraci Studio", unfolding a project distinguished by a minimalist Mediterranean style and a contemporary conceptualization reflected in the exteriors of the villas and their interior decoration. The second phase of the project is led by the renowned studio EAA-Emre Arolat, awarded with several prestigious awards such as the "Mies Van der Rohe" for European architecture and the "Aga Khan" award for architecture. The architectural design of the second phase is perfectly adapted to the surrounding environment, respecting the natural relief of the rocky terrain where the project is located.
Albania is experiencing a growing trend of demand for real estate investments, especially in residential and touristic projects such as Green Coast, concludes the USA Today article. Albania, record investments by the Private Sector in Tourism (usatoday.com)
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