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Rocky Mountain Way For High Tatras

April 29, 2009Article by Ray Withers

The High Tatras in Slovakia are leading the way in energy conservation and climate control, according to speakers at a conference.The High Tatras, recognised by UNESCO as an area of outstanding natural beauty is ‘twinned’ with the Rocky Mountains National Park in the USA. Managers have recently met to discuss their problems.The High Tatras and Rocky Mountains have many common factors like air quality, a similar number of annual visitors – three million – and plans to harness alternative energy sources.Managers from the Rocky Mountains were picking up tips from the Slovaks in collecting and using solar generated energy.

In return, the High Tatras managers were learning better visitor management skills and how to recruit volunteers to help regular staff.Tourism is a key to prosperity in the sparsely populated High Tatras, where big government investment in skiing, golf, water sports and trekking is generating greater visitor numbers.
This in turn is creating Slovakia real estate investment opportunities as developers open resorts to cash in on the tourism bonanza.

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 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.
The skiing season has been extended at the resort until May, as most of the higher runs still have between one and four feet of snow – which means property investors letting in the High Tatras, have had a six-month ski season.For late skiers, lift passes have been heavily discounted.

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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