Slovakia – a property investors dream!

Slovakia is one of Europe’s investment hot spots. this is due to a number of factors – it has one of the fastest frowing economy’s in Europe and direct foreign investment has increased 500% since 1999. Flights from low-cost airlines have also recently begun, making travel easy for both investors and tourists alike.

Slovakia’s accession to the EU in 2004 also gave the country a big boost and helped it to emerge from out of it’s Communist shadow. Bratislava is the hottest place for property investors at the moment, as it is the capital city therefore attracting many tourists, and it has a wealth of culture to explore. Similar to Prague in history and location (both sit on the River Vltava), prices for a one bedroomed apartment start from about £30,000. Rental demand is high, both from local people and from tourists making properties in the Capital an ideal investment.

For slightly cheaper properties, Trnava is recommended – about 20 minutes drive away from Bratislava, the University town has cheap property prices and rental market prices are increasing at about 15% a year, meaning big gains can be made in the short-term as well as the long-term. A two-bedroomed newly built apartment in Trnava will be about £35,000, and with tourists and students in the area, the rental market is particularly buoyant.

Part of the rise of property prices are due to the fact that Slovakia is located fairly centrally in Europe. With a new highway due to be built next year between Bratislava and Vienna meaning only a 30 minute commute, commuters are looking to buy as Slovakian properties are about half the price. Slovakia is also fairly slow at building new properties – only about 1/5th of the estimated amount of properties required are built a year. As demand continues to outstrip the supply, house prices are set to rise even further.

Although the climate is similar to Britain, Slovakia is making it’s mark on the tourist map with plenty to offer including ski resorts, medieval castles and stunning natural landscapes. All in all, if you are looking to buy abroad, Slovakia looks set to be a country where if you choose wisely, you will be set to make excellent returns.

If you like to see a list of properties for sale throughout Slovakia, please click here

RSS Feed for This PostPost a Comment