* Prices from 88,309 Euros/ £59,499
* Rental yields (gross) expectations up to 7.5% resulting in a positive Net Yield
* Favourable payment structure of 20% deposit and 80% at completion
* Equity requirements starting at 7,900 Euros/ £5,300
* Expected LTVs of up to 80%
* Capital growth anticipated to be 15% per annum
* Good public transport connections to the city centre and regional links
* Excellent infrastructure in terms of services, shops and amenities
* Large pool of residents looking to relocate
* Residential units per capita at 25% below European average
Comprising of two towers, one with 24 floors and 162 flats, the other with 16 floors and 120 flats, this new development offers a complete range services and facilities to cater for any type of occupier. From restaurants, fitness and leisure facilities to medical, legal and financial institutions, this development is like a small city in itself. The project offers underground parking, cellar space, 24 hour security, modern construction techniques and contemporary flat layouts. With the lack of supply and high demand in the area, the project is certain to be rapid success.
Only 5 minutes away from the city centre, this development is also conveniently situated in proximity of the Austrian and Hungarian motorway networks. The 5th District of Bratislava, well known for it’s large residential pool of ex-communist towers holds over 130,000 residents and has been in great need of a fresh supply of projects. With Petr˛alské Korzo, a foot and cycle path completed less than two years ago as part of a massive regeneration drive, connecting the Petr˛alka railway station to the Bratislava city centre, and passing through the project, the location is exceptional.
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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 Europe’s 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 Europe’s 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-that’s 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.