Property (private or state-owned land plots and real estate units) may be purchased by foreign natural and legal persons, but only if the proposed investment is worth three times the price of the land. Albanian individuals as well as Albanian legal entities, including foreign-owned ones, may own real estate without such restrictions.
"Article 1 [...]
- Foreign investor" means: 
a) any natural person who is a citizen of a foreign country; or 
b) any natural person who is a citizen of the Republic of Albania, but with permanent residence abroad; or
c) any legal person, which was established according to the law of a foreign country;
ç) any "community society", in the sense of article 49 of the Stabilization-Association Agreement, approved by law no. 9590, dated 27.7.2006 "On the ratification of the "Stabilization-Association Agreement between the Republic of Albania and the European Communities and their member states,which directly or indirectly seeks to make or is making an investment in the territory of the Republic of Albania in accordance with its laws, or has made an investment in accordance with the laws pertaining to the period from 31.7.1990 onwards.[...]" (Law No. 7764, dated 02.11.1993 "For Foreign Investments", last amended 13.12.2018 [google translation])
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"Article 1
Site is called the entire land that is located within the boundaries of the cities (municipalities), even though if it is used for construction, garden, arable land, etc. as well as the land outside the boundaries, which at the moment of the treatment is used or will be used for construction, providing that the documentation, which verifies its alienation, as it is not agricultural land, meadow or pasture, etc. anymore, is completed. 
[...]
Article 2
The Albanian natural and legal persons are entitled to freely buy and sell sites among themselves without any limitations.
[...]
Article 5 (Added with Law No. 8260/1997)
The foreign natural or legal persons who make or have made investments in the territory of the Republic of Albania, in compliance with Law No. 7764, dated 2.11.1993 “On foreign investments”, are entitled to buy a site for investments, state or private property, or the site of the investments that have been made or that are being made. 
The foreign natural or legal persons are entitled to buy a site after they have managed to make the investments in compliance with the construction permit, up to a value not smaller than three times the value of the site, according to the stipulation of the Council of Ministers.
The foreign physical or legal persons, who have bought or constructed objects worth three times over the price of their site, are also entitled to buy the site of these objects.  
[...]
Article 7
The sites with museum, archaeological, historical values, the national parks the reservations of the flora and fauna, the sites with special environmental values and the ones of a military character are excluded from the sale for the foreign natural and legal persons. [...]" (Law no. 7980, dated 27.07.1995 “On the sale and purchase of land”, as amended on 26.11.1997)
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"Article 1 - General Provisions (Amended by Law No. 10 316, dated 16.09.2010, Article 1)
For the purposes of this Law, “territory” means the territory under the sovereignty of the Republic of Albania, including the territorial waters and the maritime zone and continental shelf, on which the Republic of Albania exercises its sovereign and legal rights in accordance with international norms.
- “Foreign Investor” means:
a) any natural person who is a citizen of a foreign country; or 
b) any natural person who is a citizen of the Republic of Albania, but who is permanently resident abroad; or
c) any legal person established under the law of a foreign country, which directly or indirectly intends to make or is making an investment in the territory of the Republic of Albania in accordance with its laws or has made an investment in accordance with the laws pertaining to the period from 31.7.1990 and following;
[...]
Article 2 - Permission and Treatment
1. Foreign investments in the Republic of Albania shall not be subject to prior authorization. They are permitted and treated on the basis of conditions no less favorable than those which are recognized to domestic investments under similar conditions, with the exception of land ownership, which is governed by a special law.
2. In all cases and at any time, investments have equal and unbiased treatment, enjoy full protection and security.
3. In any case, foreign investments have a treatment not less favorable than the one provided by the generally accepted norms of international law. [...]" (Law No. 7764, dated 02.11.1993 "For Foreign Investments")
Law no. 7980, dated 27.07.1995 “On the sale and purchase of land”, as amended on 26.11.1997
Law No. 7764, dated 02.11.1993 "For Foreign Investments"
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