Off the wire
• Rio readies largest ever Olympic village  • Day 9 order of play on show courts at Roland Garros  • Heat assistant Fizdale appointed Grizzlies head coach  • Roundup: Nishikori, Raonic bow out at Roland Garros  • Mexican footballer kidnapped in home town  • 1st LD: UN slams terrorist attack on blue helmets in central Mali  • S. Korea's business sentiment gets stagnant on corporate restructuring  • Australia's pristine Ningaloo Reef has avoided coral bleaching: scientists  • Results of international soccer friendlies  • Coral death toll rises on Australia's Great Barrier Reef  
You are here: 　 Home

Albanian builders call for gov't help with surplus apartments

Xinhua, May 30, 2016 Adjust font size:

Albania's builders are waiting for government help to dispose of over 10,000 unsold apartments to save the real estate industry, Albanian Daily News reported on Monday.

The apartments, built from 1995 to 2005, no longer meet the needs of a changing market as customers now turn to better quality homes, said Arben Dervishi from the Association of Builders.

The government could buy the unsold apartments, mainly in the suburbs of Tirana, Golem, Vlora, at a lower price and turn them into social homes, Dervishi said.

"I agree that the price should be reduced at a certain amount, but there are equaling costs. So probably the government may enter the property market so that the industry won't be further aggravated," said Dervishi. Endi