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High Rolling In The High Tatras

April 23, 2009Article by Ray Withers

Slovakia’s High Tatras Mountains are expecting a record snowfall this year – with just 10 centimetres needed to beat the record of 4.29 metres set in March 1939.This is great news for investors with property in Slovakia renting out to winter sports fans.The slopes have already had 4.1 metres of snow – that’s about 13 feet – and skiing is expected to continue until the end of April.Lower slopes will probably close – but those over 1,500 metres will still have plenty of snow.The long season has been a great boost for tourism as Slovakia’s borders with Germany, Poland and Austria are only a short drive to the High Tatras.

The country has invested several million Euros in improving tourist infrastructure for winter sports, with many new slopes, ski lifts and other facilities opening over the past few months.To encourage late skiers, the resorts are offering special offers.Slovakia’s tourist chiefs are popping the champagne to celebrate the success of their first season with new infrastructure.

Budget flights from the UK direct to Poprad or Kosice make getting to the slopes easy, and the capital Bratislava, is a four-hour train ride away for a different day out.UK tour operators Regent Holidays and Vamos Travel have already added the High Tatras to brochures. Industry gossip is Thomson, First Choice and Crystal are considering including Slovakia in their next 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 property investment 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.If you’re lucky in this untamed mountain wilderness you can still see wolves and bears in the wild. Although nowadays, they are more likely to be stealing food from restaurant dustbins than hunting down stray tourists.

Author

Ray Withers

Ray has over 17 years’ experience in the international property market and bought his own first international property investment back in 2002. Aside from running Property Frontiers, Ray has been involved in residential, hotel, student and commercial property investment and development in both the UK and overseas and co-wrote "Where to Buy Property Abroad - An Investor's Guide". As Founder and Trustee of the Frontiers Foundation, Ray is directly involved with many of its projects to ensure they have a direct and tangible impact in individual communities across the globe. He is passionate about property, travelling, scouting out new opportunities and finding time to spend with his young family.
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