Investment

Slovakia Is A Hidden Investment Gem

Ski Slovakia with Slovakian Secrets can help you unlock it every step of the way.

Slovakian Secrets  provides a full property purchase and management service for non-residents interested in investing in the property market in the Slovak Republic. With a combination of local and expatriate staff, we combine an excellent knowledge of the local property market with an understanding of the requirements of foreign investors.

 These are exciting times for investors in Slovakia. The country's accession into the EU (1st May 2004) combined with the fact that it has the fastest GDP growth rate in Central Europe means that it merits attention from property investors. The investment potential is greatly enhanced by Slovakia's excellent strategic location in the centre of Europe, bordered by four other EU countries. Bratislava, the country's capital and main centre of investment, is only 30 miles from Vienna and 2 hours by road/rail from Budapest.

The final piece of the jigsaw that has made Slovakia such an attractive place for investors is the strong pro-investment reforms  implemented  over the past few years. It is, therefore, not surprising that Slovakia has experienced an unprecedented boom in "good news" investment stories in recent years. The rate of new investments is expected to continue and it is reasonable to expect that as all of these investments come online and mature over the next few years they will greatly enhance the potential returns from property investment in Slovakia.

Its tourist industry is also gaining momentum and has seen visitor numbers to both its cities and mountainous regions steadily increasing. UK visitors to Slovakia increased by 38% between 2006 and 2007. The Tatras mountains have long been a well kept secret for the locals, but visitor numbers are steadily increasing in the Presov region with hotel revenues up by 43% in 2006. The Tatras are well located within easy reach of many European cities and are attracting attention from wealthy Russian and Ukranian tourists.

The property market is experiencing high growth rates as locals become increasingly wealthier and demand higher standards of housing. The mortgage market has rocketed as more and more locals are borrowing and more mortgage products become available.  
Location
The Tatras Mountains form the border between Slovakia and Poland and are a UNESCO world heritage site. As well as being an area of outstanding natural beauty, the resorts of the High Tatras have a wealth of attractions to offer tourists year-round including skiing, hiking, spa centres and golf courses.

Previously a relatively untapped resource, Slovakia's tourist spots are now appearing on the agenda for both foreign and local investors, particularly as owning a second home in the famous Ski resorts of the High Tatras fast becomes an important status symbol for wealthy Eastern Europeans. Due to limits on construction in the region, there should never be an over-supply and demand for a holiday home or let in the main ski resorts will remain high. Below are just a couple of key opportunities :-