Market Research: Slovakia
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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- Posted in Europe real estate purchase, Slovakia, Property Market