Ekonomia

2.5 million euros worth of registered assets have problems

2.5 million euros worth of registered assets have problems

Over two thirds of registered properties have problems and 2.5 million properties must be re-measured, Director of the Cadaster Agency Artan Lame said during a meeting with representatives of the American Chamber of Commerce.

In his remarks, Lame said that Albania has over 600,000 other unregistered properties, the majority of which are state-owned assets and properties in the southern coastal areas. European Union has approved a 15 million euro fund to solve the property issues and the project is expected to kick off in 2020. /Tiranapost