Slovakia Property Investment For Sale
"Slovakia’s liberal market economy could help it continue to out-performing others in Eastern Europe."
The Slovak Republic has enjoyed rising prosperity since its separation from the Czech Republic in 1993. Nestled in the very centre of Europe, Slovakia has a prominent history which is still evident in its myriad of Gothic churches, 15th century town squares, fortresses, castles, peasant traditions, rural villages and nine national parks.
Since separation, Slovakia has undergone a transformation and much privatisation has been undertaken with foreign investment encouraged by the new business friendly policies, low taxes, liberal labour code and cheap but skilled labour; all of which lead to extensive growth especially in the electronics and auto sectors. Seen as one of Eastern Europe’s success stories, Slovakia’s stable political system and liberal market economy will hold it in good stead going forward.
Like in many European nations, house prices have dipped as a result of the international financial crisis but the market here was hit far less than in other areas, although as the Slovakian market is so dependent on exports much is in the hands of outside forces.
For those who prefer skiing or mountain walking to overcrowded beaches and concrete resorts Slovakia is an ideal holiday or second home destination. The high Tatras offer the only true alpine standard skiing in Eastern Europe, whilst the capital Bratislava continues to offer good rental returns.