Slovakia offers several key benefits to property investors. While it may not have a strong tourism demand, it does have other benefits that will help a property market boom to likely happen here in the coming years.
Some investors believe that the country has all of the makings of a potential property explosion. For example, many citizens here have left the country to look for other employment opportunities. Most plan to return within five years, pockets full, to invest in properties here.
The cost of living is very low in Slovakia, making property prices very affordable. More so, there is a true property shortage through most of the country. This is due to the dull and deteriorating conditions in much of the country left over from the Cold War Era. This will allow property development companies to come in and work to revitalise the cities adding infrastructure as well as quality housing. The government is more than willing to encourage such foreign investment.
One of the countries already hotspots is Bratislava. There, the cost of living is consistently rated highly as one of the most affordable choices.
The property market of Slovakia is one of the Eastern European countries set for a boom, though they will need to monitor the economy here to insure it does not overheat.
Slovakia would like to introduce the Euro as soon as 2009. Doing so may make property prices more stable and may even encourage additional investments.
