The impact on the economy of money laundering in the real estate market: the case of Albania

Sandrine NOUAR – Université of  Lyon Lyon  FRANCE

Dr. Gerti DAJÇI –Tirana Business University College Head of Business Management Department,

Prof. Dr. Alba DUMI-Tirana Business University College, Dean TBU University Tirana, Albania


The goals of this qualitative phenomenological and quantitative study explored the attitude of Albanian real estate companies towards economic and social issues such as money laundering or tax evasion in Albania. The purpose of this research was to reveal the beneficial elements of economic values ​​to Albanian real estate companies. The literature review revealed the problems of money laundering related to property prices in the Western Balkans market compared to those in Albania, mainly in Tirana.

The researcher interviewed 6 Albanian employers and 9 managers from the real estate industry. The researcher presented the results, which showed that Albanian real estate companies operating in Albania have tax evasion and do not represent or declare real profits and sales to the Government as a result of money laundering as part of criminal activities in Albania. The results showed the need for more focus towards government control over these companies, along with the integration of the real estate market, and to identify its advantages.

Recommendations from the study included the need to implement scrutiny by government institutions, where the information obtained should be current, particularly in relation to future research

Keywords: Business Administration, Economy, Ethics, Fiscal Evasion, Morality, Social Responsibility, Sustainability, Diversity, Social Responsibility.

Volume 8. No.1(2023)

ISSN 2661-2666 (Online) International Scientific Journal Monte (ISJM)
ISSN 2661-264X (Print)

DOI : 10.33807/monte.20233020


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This is an open-access article under the CC BY-NC-ND license (