July 18th, 2007 by Ines
The volume of foreign investment in Slovak real estate has increased significantly in recent years, and new investors continue to enter the market. The dynamic growth of the Slovak economy is reflected in the boom in real estate projects, which are mostly located in the capital city, Bratislava but increasingly in other regions as well. In spite of the recent extensive development, Bratislava still has potential for further growth. The central and eastern regions of Slovakia have also been undergoing much development, particularly in logistic centres and industrial parks, but they are still some distance behind western Slovakia.To read the whole text, click here.
July 18th, 2007 by Ines
The Czech Republic, and especially the capital city Prague, is one of the most promising locations for real estate investment in the world. Many indications show that the strength of the market will continue in the coming years. Several factors relating to EU membership will bring further increases to property value. In 2006 or 2007, laws will likely adapt to allow citizens of all EU countries to purchase property as individuals (as opposed to current laws allowing foreigners to purchase property only through an established Czech company).To read the whole text, click here.
July 18th, 2007 by Ines
The Slovak Republic is a civil law country with four primary forms for not-for-profit, nongovernmental organizations (NGOs):
* Associations;
* Foundations;
* Non-Investment Funds; and
* Not-for-Profit Organizations Providing Publicly Beneficial Services (NPOs).
Other forms of NGOs, which remain outside the focus of this Note due to their limited interactions with foreign grantmakers, include religious organizations, political parties, political movements, trade unions, and associations related to certain professions. To read the whole text, click here.
July 18th, 2007 by Ines
Slovak Real Estate S.R.O. 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.To read the whole text, click here.
July 18th, 2007 by Ines
In 1918 the Slovaks joined the closely related Czechs to form Czechoslovakia. Following the chaos of World War II, Czechoslovakia became a Communist nation within Soviet-ruled Eastern Europe. Soviet influence collapsed in 1989 and Czechoslovakia once more became free. The Slovaks and the Czechs agreed to separate peacefully on 1 January 1993. Slovakia joined both NATO and the EU in the spring of 2004.To read the whole text, click here.
July 13th, 2007 by Ines
The economic reforms of the Slovak government from the 2002-2006 period led to impressive economic growth, which last year came to over 8% on average.
The construction sector reflects the excellent condition of the Slovak economy, and so the whole country is experiencing a construction boom. The heart of construction work and real estate development is the capital Bratislava, which is undergoing unparalleled development. It is as if the Slovak metropolis wanted to make up for the almost construction apathy of the period of international isolation that Slovakia faced for the best part of the 1990s. The new construction fever is seeing thousands and thousands of square metres of commercial and residential premises being built each year.
(To read complete text click here)
July 13th, 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.
(To read complete text click here)
July 13th, 2007 by Ines
The Slovak Spectator’s sixth annual review of Slovak real estate market trends. (To read complete text click here)