Yet again we have sourced an exceptional investment property opportunity in Bratislava, Slovakia.
2 blocks of apartments just 10 minutes from the centre of booming Bratislava from ONLY 50,000 Euros for a 1 bed apartment with only 20% deposit required and 80% mortgage.
With high rental demand from local professionals and yields approaching double digits these good quality apartments built by a very reputable developer are in high demand and 90% of the development has been sold to the local market already.
Contact us for more information on this property investment opportunity in Bratislava, Slovakia
Why buy Investment Property in Bratislava?
- High capital growth forecast of up to 15% p.a.
- Property prices are much lower than Hungary or the Czech Repuplic
- Bratislava will only be 35 minutes to Vienna with a new Motorway being completed in 2007.
- Slovakia is one of the largest recipients of Foreign Direct Investment in Europe- historically a leading indicator of property price growth.
-Transport infrastructure investment with new high speed tram system for city
-Construction and land costs rising 10% per annum and property prices predicted to rise 10-15% for the next 5 years annually
-Sky Europes base is at Bratislava and Easyjet and Ryanair also fly there daily from Stansted and Luton
-In 2006 Kia, Hyundai, Volkswagen and Peugeot-Citreon will produce 250,000 cars in Slovakia, by 2008 this will rise to 1M per annum-thats 1 car for every 6.5 Slovakians.
-Plan to adopt Euro by 2009 and on target to meet criteria
Q1 2005 Foreign direct investment ( FDI ) 28.8 M Euro-one of the highest in Europe according to SSO
Unemployment dropped from 18.7%-11.09% 2004-2005 according to Eurostat
Real wage growth 7.1% Q1 2005 vs Q1 2004
Bratislava wages are 50% higher then the rest of Slovakia
Mortgages available up to 85% LTV and rates at 4% + liberalised Banking system
Flat rate tax regime of 19% to encourage inward investment
Transport infrastructure investment with new high speed tram system for city
Tourist numbers up 28% 2004 to 2005 and 15% year on year forecast 2006 onwards
400,000 population + estimated 130,000 commuters each day
Construction and land costs rising 10% per annum and property prices predicted to rise 10-15% for the next 5 years annually
GDP one of the highest in Europe at 5% according to the World Bank
Estimated 45,000-50,000 new housing units annual demand outstripping supply of 13,000 being built each year.
Centrally located in Europe, Vienna 40 minutes, Prague and Budapest within 3 hours
New Motorway to Vienna being completed end 2007-will reduce journey time to 35 minutes
In 2005 passenger numbers through Bratislava Airport were 1.2M vs. 900,000 in 2004.
Sky Europes base is at Bratislava and Easyjet and Ryanair also fly there daily from Stansted and Luton
Project Eurova will be a huge complex by the River Danube of Retail and Entertainment complexes, 5 Star Hotel and Shopping Mall and 100,000 M SQ Business Centre. One of the developers is Ballymore properties who were one of the main London Docklands developers.
In 2006 Kia, Hyundai, Volkswagen and Peugeot-Citreon will produce 250,000 cars in Slovakia, by 2008 this will rise to 1M per annum-thats 1 car for every 6.5 Slovakians.
Plan to adopt Euro by 2009 and on target to meet criteria
Liberal politics allowing privatisation,less red tape and no need to set up company to buy property as an overseas buyer.
GAT- a Spanish Electronic components manufacturer is relocating its plant to Slovakia
Hewlett Packard is building a Euro IT center in Slovakia creating 350 jobs.
