.
High yields and significant capital growth expected in Slovakia have led us to secure units at a luxury development in booming Bratislava with great views of the city. With apartment prices from 195,000 Euros and nett yields of 8.2% demand is high here and over 50% of the development is already reserved. The developer, one of the biggest in Eastern Europe, has an in house rental operation giving peace of mind. Rental demand is high from local Expat workers and Senior Managers working for the many Blue Chip organisations relocating to Bratislava. All in all a perfect investment property opportunity in Bratislava, Slovakia.
See our compelling 23 reasons to invest in Slovakia Investment Property further down this page
Slovakia has a flat tax rate and an economy growing at a rate of over 5% p.a. The improved mortgage market now enables investors to borrow up to 90% leading to significant property investment opportunities in Slovakia.
This luxury development is located in the up market area of Bratislava called Koliba. Its position provides direct quick access to the city centre but is in the heart of natural space very close to great parks and recreational areas for both children and adults. The British International School and QSI School are close by along with shopping centres and other services. With 8.2% yields projected and property prices predicted to rise 10-15% annually for the next 5 years this is an ideal investment property 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.