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Dancing With Wolves In The Wild, Wild East
January 26, 2009Article by Ray Withers
If you jumped on a flight right now, you would be in the wild, wild east of Europe with a couple of hours where you can dance with wolves and join bears with whatever they do in the forests. Slovakia’s High Tatras Mountains are an unspoilt haven for nature and one of the few places in Europe where you can stumble across wolves, bears and many other animals and birds that have long retreated from other European countries, roaming wild and free in their natural habitats.
Upcoming High Tatras in Slovakia is on the brink of becoming one of Europe’s best budget all-year-round resorts. Getting there is cheap and easy with budget flights from the UK direct to Poprad or Kosice, in the High Tatras region or Bratislava, which is a four-hour train ride away. UK tour operators Regent Holidays and Vamos Travel have already added the High Tatras to their portfolios. Industry gossip is Thomson, First Choice and Crystal are considering including Slovakia in their 2009-10 brochures. Mountain Paradise already offers all-year round holidays to Slovakia – golf and hiking in the summer and skiing in the winter. High Tatras property is looking good for Slovakia real estate investors as the area is developed for tourism.
A typical upmarket development offering an anticipated 15% annual growth and 5-6% yields is Silver Resort, on the edge of the High Tatras. Set high on a hill, the resorts gives wonderful views of the surrounding mountains that make up this UNESCO world heritage site and national park. Offering studio to three bed roomed apartments and villas, investors can buy in to this Slovakia property from £12,699 plus purchase costs with an 80% loan-to-value mortgage. This resort has something for everyone. It’s 15 minutes drive from Poprad Airport, five minutes drive from ski lifts and only a few miles from an 18-hole golf course.
Property in Slovakia is definitely worth review for the professional investor, with huge government investment in resort infrastructure, rising tourist visits and good transport links to the UK, Silver Resort ticks all the boxes as a summer and winter retreat offering all the usual Alpine facilities – but cheaper. Prices in Slovakia – which is part of the Euro zone – are reasonable for visitors. Expect to pay no more than 10 -15 euros for a three-course meal in a reasonable restaurant Baguettes, a pint of lager, soft drink or a shot of spirits come in at a euro each.