Vlorë and neighbouring Orikum sit where the Bay of Vlorë meets the start of the Riviera, and they are the country's strongest source of new-build coastal supply. For a buyer who wants a brand-new sea-facing apartment rather than a renovation project, this is the area to start.
Prices for new developments run from about €1,700 per square metre in Vlorë town to €2,300 for a seafront home in Orikum, and up to €3,600 at the new Marina Orikum resort, with solid short-let demand through the summer and an easier, more modern buying process than an older resale.
Prices: New-build €1,700 to €3,600/m². Rental: Solid short-let, a step below the top Riviera. Best for: Buyers who want new-build near the sea.
The draw here is modern supply: sea-facing apartments in new residential and hotel developments, sold by the square metre with balconies and parking built in. Buying new-build off a developer is cleaner than an older resale, provided the developer's permits and the legal existence of your specific unit are confirmed, which is exactly what due diligence checks on an off-plan purchase.
At the southern end of the bay, Marina Orikum is a new resort around the Orikum yacht marina, which has operated for more than twenty years and is being expanded to around 800 berths. The towers are by the architect Chris Precht, stacked planted terraces of three to fifteen floors stepping down to the water, with a five-star hotel and a yacht club in the same masterplan.
Apartments are €3,200 to €3,600 per square metre depending on floor and view, the top of the Bay of Vlorë market, with a permit granted and about 50 months of construction ahead. That long build is the appeal for an early buyer: the rate is fixed now and paid in stages with the work.
Vlorë and Orikum carry solid summer short-let demand, typically a step below Ksamil and Sarandë on both price and peak yield, with the Bay's marina and seafront driving bookings. It suits a buyer who wants a new, low-maintenance sea-view apartment that earns in the summer, without the renovation work of a heritage house or the top-of-market prices of Ksamil.
Vlora Marina Residences, Vlorë
One Oricum Bay Residences, Orikum
In 2026 new developments run from about €1,700 per square metre in Vlorë town and €2,300 on the Orikum seafront, up to €3,200 to €3,600 at the Marina Orikum resort.
Yes, for summer short-lets. Demand is solid but seasonal, generally a step below Ksamil and Sarandë on peak yield, driven by the Bay of Vlorë's marina and seafront.
Confirm the developer's permits and that your specific unit legally exists, alongside the standard title and cadastre check. A proper due-diligence pass covers exactly this before you pay.