€3,000 / m². Folie Village is a hillside village above Jalë Bay, between Dhërmi and Himarë, with a sea view from every home: apartments from €183,600, villas from €670,000.
1 Bedrooms, 1 Bathrooms, 51.3 m² interior · €183,600
Folie Village is a hillside village above Jalë Bay, between Dhërmi and Himarë, with a sea view from every home: apartments from €183,600, villas from €670,000.
Folie Village is a new hillside village above Jalë Bay, the small cove between Dhërmi and Himarë that is one of the best-known beaches on the Albanian Riviera. It is designed by Oppenheim Architecture, after the historic centre of Vuno, the hill village just above the bay, and traditional Albanian architecture. The site is a 45-degree slope, which lets every villa and apartment look out over the sea. The village spreads over it in clusters joined by winding lanes: low apartment buildings, streets of small villas with pitched tiled roofs, stone walls and private pools, and, on the most open part of the site, four signature villas. Every size on this page is read off the developer's plan sheets and every price comes from its price list.
The apartments sit in low buildings with deep verandas, priced at €3,000 per square metre on the home and its share of the common parts, with the veranda at half the rate. On the first floor of building N3-16 there is a 1+1 of 61.2 m² at €183,600, a 1+1 of 85.8 m² with a 23 m² veranda at €292,200 and a 2+1 of 133 m² with a 32 m² veranda at €447,150. The small villas are a two-storey type of 159 m² on a plot of about 281 m²: living space on the ground floor, two bedrooms upstairs, a 25 m² pool, a garden of 177 m² and parking for two cars. Villa N4-61 is €670,000. The signature villas are a different order of house. Villa N2-91 is built into the slope in cast-in-place concrete patterned on traditional Albanian embroidery, with 793 m² of living space over two levels, a 53 m² pool and close to 2,000 m² of garden on a 2,397 m² plot, for €4,800,000.
Building N3-16 is due for completion within two years. A reservation takes 25% of the price and the rest is paid in instalments until completion, and paying 50% to 100% up front earns a discount of 5% to 10%. Parking spaces are €35,000. Jalë is a summer address first, with the busy weeks in July and August, and the village's mix suits both a buyer after a compact apartment to let and one after a private villa. We project a 10% return in the first rental season and a 20% uplift to completion, on the same conservative basis we use for the other villa resorts we sell. Both figures are ours, not the developer's.
Apartments at €3,000 / m², verandas at half the rate: 1+1 from €183,600, a 2+1 of 133 m² at €447,150
Small villa N4-61: 159 m² over two floors, two bedrooms, a private pool and a garden on a 281 m² plot, €670,000
Signature villa N2-91 set into the slope: 793 m² on two levels, a 53 m² pool and a 2,397 m² plot, €4,800,000
Designed by Oppenheim Architecture after the old village of Vuno, on a 45-degree slope so every home looks over the sea
Apartment building N3-16 due for completion within two years · parking spaces €35,000
25% to reserve, then instalments until completion · 5% to 10% off for paying 50% to 100% up front