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Against the reference prices, the Association of Builders: Apartments in Tirana will be more expensive by 250 euros per square meter

Written by SOT.COM.AL 12 Shtator 2023

Housing prices will undergo another increase of up to 250 euros per square meter, and for this, the Association of Builders said that the reason is the increase in reference prices. With the argument that the tax burden in the construction sector has increased on July 28, 2023 with the entry into force of the decision to increase fiscal prices, the association requests a review of the decisions.
"A good part of the builders who have had to get the final construction permit where 8% have given up on obtaining this permit until a second moment. Only if you convert this tax into euros per m2, in some areas it is 150 euros per m2", said Erion Harizi, chairman of the Association of Builders.
With this VKM that is inserted in the middle of this chain, this whole business plan of construction companies becomes unbalanced and has incalculable financial effects, almost dizzying for those who are in the process because there are some areas of Tirana where the reference price has doubled ..", said Luigj Aleksi, president of the Association of Builders.
According to the president of the association, VKM no. 457, already published in the official notebook, affects three areas of financial activity, so it proposes that VKM is not implemented until the release of the relevant law, otherwise they will follow the legal path.
"In our opinion, the effect of its extension should begin after the issuance of the relevant law."
"We will make a contract with a law firm to follow this matter to the end."
According to ReportTv, the Association of Builders also requests the revision of the infrastructure impact tax, especially in Tirana, where they identify the level of 2-6% as more appropriate and propose that the method of calculation be oriented towards cost.
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