August 2nd, 2007 by Ines
The Slovak real estate market has developed rapidly in recent years, underpinned by a modern, efficient, and rapidly expanding economy, and bolstered further by political stability and accession to the European Union in 2004. In the capital, Bratislava, where the most significant increases have occurred, some central areas witnessed growth in excess of 20% last year. With Slovakia’s new business-friendly tax regime attracting a rising tide of foreign direct investment, this trend seems set to continue. The combination of high GDP growth (6.5% in 2005) and low interest rates (around 5%) ensures strong local demand for property (both sale and rental), whilst marked under-supply points to further price increases.
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August 2nd, 2007 by Ines
Why Invest In Slovakia?
The investment climate today in the Slovak Republic is very positive. There are a number of reasons why property investors around Europe are now paying a lot of attention to the opportunities in Slovakia, and, in particular, Bratislava.
These include:
1. The country’s accession to the EU on the 1st May 2004:
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August 2nd, 2007 by Ines
The real estate market in Slovakia has its roots in the fall of the iron curtain in 1989, when sweeping changes in ownership rights occured, restitutions and privatisation began, and the first private entrepreneurs appeared.
The property market in the early 1990’s saw an abrupt growth in the value of each type of property.
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July 27th, 2007 by Ines
Investing in Slovak real estate has become increasingly popular as EU accession nears and interest rates and returns on other forms of investment decline or opportunities shrink.
Currently, non-Slovaks, both individual and corporate entities, are prohibited from directly acquiring real estate in Slovakia by antiquated foreign exchange regulations. Upon EU accession in early 2004, this restriction will be lifted. In the interim, the only simple option for foreigners is to incorporate a Slovak vehicle, which gets around the regulatory restriction.
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July 24th, 2007 by Ines
Property Investor information for: Slovakia
Bratislava, Slovakia’s capital and largest city, is one of the rare places offering you exceptional capital growth potential AND increase in rental income at the same time.
Investment Property prices in Bratislava have been rising steadily over the last few years. 2003 and 2004 saw an average growth (in new built property investment, classic property in Bratislava I/ Old Town, and land) of 15-20%.
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July 24th, 2007 by Ines
nvestment property in Slovakia is becoming very popular with well informed property investors as it offers excellent returns coupled with low risk.
Not only is Slovakia investment property giving great returns this trend looks set to continue for many years to come.
Here we will look at why you should consider investing in property in Slovakia.
These include:
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July 24th, 2007 by Ines
For a decade, Slovakia lived in the shadow of its former partner, the Czech Republic. But with EU membership under its belt, and economic and political reform under way, this Central European country will soon be famous for its fairytale ski stations, baroque cityscapes and superb property-buying opportunities.
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July 24th, 2007 by Ines
The investment climate today in the Slovak Republic is very positive. There are a number of reasons why property investors around Europe are now paying a lot of attention to the opportunities in Slovakia, and, in particular, Bratislava.
These include:
1. The country’s accession to the EU on the 1st May 2004:
Membership of the EU, in itself, does not provide any guarantee of good returns on investments. However, it helps to ensure a certain level of political and economic stability and guarantees EU legal rights to all investors. Moreover, there is no restriction on the purchase by EU citizens of commercial and residential property in Slovakia. This is unlike the situation in some other new EU countries where a foreign investor has to form a company in order to buy property or has to get permission from local authorities.
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July 24th, 2007 by Ines
SLOVAKIA - The Labour Ministry has unveiled a series of changes to the pension system, including a small revision of current investment limits for pension funds operating within its mandatory pension scheme.
The proposal paves the way for pension fund administrators to invest a portion of pension assets into real estate funds. The change in the country’s legislation has gone virtually unnoticed so far, amid hype surrounding other large scale changes to the pension system.
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July 22nd, 2007 by Dino
The company sold properties in Hungary and Slovakia to Ambassador International Real Estate in a share deal.
Delek Group Ltd. (TASE: DLEKG) subsidiary Delek Real Estate Ltd. (TASE: DLKR) has sold properties in Hungary and Slovakia to Ambassador International Real Estate Ltd. for 37.5% of Ambassador. The deal is subject to Ambassador holding its planned IPO on the Tel Aviv Stock Exchange (TASE).
In August, Ambassador plans to raise NIS 150 million in stocks and bonds at a company value of NIS 200-250 million. If the IPO is successful, Delek Real Estate will make tens of millions of shekels in unlocked value. Ambassador is currently building 11 housing and commercial projects in Hungary and Slovakia for €300 million, and expects €380 million in sales proceeds.
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