Slovakian property has proved to be an excellent investment in recent years with overseas investors. Capital appreciation combined with good rental yields have made property in Slovakia popular with investors looking to maximise their returns over the long term. We have a range of Slovakian investment property in prime locations with a proven track record of generating excellent returns for investors. These include off-plan property for sale in Slovakia. Off-plan developments in the larger Slovakian cities have proved to be a successful investment for investors looking to achieve both capital gain and good rental yields over the longer term.
GDP growth has increased from a healthy 4.2% in 2004 to a booming 8% in 2007 largely as a result of growing exports from the automotive industry which has invested heavily in the Slovak economy. Unemployment has decreased from 19.2% in 2001 to 8.9% by March 2007. Inflation has also been reduced to 3.5% in 2005 from 12% in 2000.
Slovakia plans to adopt the Euro currency on 1 January 2009 which will aid economic stability and exports. Residential property is in high demand and prices are expected to continue increasing for the following reasons. Demand for residential property continues to exceed supply as Slovaks move from Communist era housing to new builds. Supply of new housing is significantly below the EU average. An increase in new mortgage products is also fuelling demand combined with demand from overseas property buyers. The booming economy and rising wage levels combined with falling unemployment should ensure that residential housing prices continue to rise across Slovakia.More...
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