"A Chartered Surveyor practising in the UK, I purchased a property in Bratislava in Autumn 2004. To date Slovakia Investment Property have done everything they promised they would, and have always answered my questions thoroughly and professionally. They have been friendly and helpful and kept me informed of progress. All the people I was introduced to impressed me, and they too have kept all their promises to date."

Paul R Taylor MRICS, Derby

Bratislava, Slovakia's capital and largest city, is one of the rare places offering you exceptional capital growth potential and solid rental yields at the same time.

Property prices in Bratislava have been rising steadily over the last few years. 2003 and 2004 saw an average growth (in new built property, classic property in Bratislava I/ Old Town, and land) of 15-20%. In 2005 the price increase has already been less homogeneous, and more location dependent.

City centre ( Old Town) apartments (mostly pre-war blocks) have seen the strongest growth, up to 20% - a direct result of high demand and very limited supply. New built property prices have been on the rise as well, by 5-15% depending on location and its distance from the city centre. Communist built apartments have reached their peak prices in 2004 and have dropped by up to 10% since, particularly in less popular areas. Communist panel block properties are not likely to rise in value any further and, depending on age, quality and area may continue to go down in price in the future.

Prices of good quality property are expected to continue climbing, although location will play an increasingly important role. As in previous years, city centre (BA I) offers the best potential, with buyers demand outstripping supply manifold. Most experts predict a 10-15% annual growth in the next 3-5 years.

Combination of factors likely to continue causing massive price rise:

• very low price compared to other European capitals
• massive shortage of properties
• insufficient supply for years to come - new housing construction levels in Slovakia are well below those in other EU countries
• huge demand for new built flats from local population keen on the new high standard (most having lived in communist built concrete blocks of flats all life)
• increasing number of mortgage products leading to a surge of Slovak buyers
• increasing prosperity of Slovak population
• low unemployment in the capital (under 4%) leading to migration from other regions
• more and more foreign companies transferring their operations to Bratislava
• rising demand from foreign buyers as foreigners are able to purchase property directly, without having to set up a company in Slovakia (from 1 May 2004)

 

BRATISLAVA (approx. 600 000), located on the banks of the Danube River, is a rapidly developing and exciting city. It is easily accessible by air, land and water:

• low cost airlines fly to Bratislava International Airport from London and Birmingham , Manchester, Dublin, and most major European cities (Sky Europe, EasyJet, Ryan Air, Air Slovakia, as well as other carriers such as Lufthansa, Austrian Airlines, Czech Airlines, Slovak Airlines, etc)
• Vienna International Airport is only 40km from Bratislava (connections to all continents)
• many regular train and bus connections to other European countries
• regular boat services along the Danube River to Vienna and Budapest