Albania, with EU help is making moves toward spreading affluence out from the capital and other economically strong areas to some of the more impoverished areas in the country. But the moves Albania is making are set to make a big difference to some of Albania’s neighbours, spreading affluence throughout the region.

For a start Kosovo has just declared its independence, a move that proved incredibly successful for Montenegro’s economy, and is now set to do the same for Kosovo’s with talk of NATO membership already on the cards.

Albania’s government is keen to forge strong ties with its neighbours it seems, and this is likely to be economically beneficial to all parties who take part, as well as opening up new areas of Albania, and possibly neighbouring countries to international property investors.

This new environment of integration is already beginning to form: A €600m ($932m) project to upgrade the road from the port of Durres on the Adriatic to the border with Kosovo underscores the new relationship. The Enka group of Turkey and Bechtel of the US are building a 70km section of highway, widening the existing road and forging a series of tunnels through the mountains. The new roads will make travel from Duress to the Kosovar capital Pristina possible in 3 hours, a journey that currently takes closer to 10 hours.

This will open up virgin and currently impoverished parts of northern Albania to property development and tourism, as well as giving Kosovo, and hopefully Serbia eventually, easier access to export from Albania’s largest port at Duress.

Between the new road and the current expansion of the Duress port thanks to another massive loan from the European Bank for Reconstruction and Development, there are currently a lot of reasons to be very hopeful of a bright economic future for Albania and Eastern Europe as a whole.

DSR Asset Management report that Investors large and small are flocking to Australia looking for investments with security and good returns.

In one of the few hotel transactions to occur in Australia 2009, the Holiday Inn Adelaide has sold to Malaysian group, Hotel Grand Chancellor, for approximately $35million.

“Despite the current economic climate, the Adelaide hotel market has continued to perform well relative to other capital cities,” said Mark Durran of Jones Lang LaSalle Hotels’ “With these solid market fundamentals, the purchaser was attracted to the re-positioning potential the hotel offered though a refurbishment and expansion of the guest room inventory.”

The sale of the Holiday Inn is one of just a few major hotel transactions in Australia to occur this year. To-date there have been total hotel sales of $366million with the most notable deals including the Courtyard by Marriott North Ryde, Hyatt Regency Adelaide and Park Hyatt Canberra, all of which were negotiated by Jones Lang LaSalle Hotels.

David Redfern, of DSR Asset Management added “We have seen the volume of business in Australia growing month on month during Q2 and Q3 of 2009. Australia is becoming a “must have” addition to everyone’s investment portfolio”

DSR offer investments in a variety of locations in South Australia.

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DSR Asset Management is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.