Hi Chantal,
Yes, Bratislava did see very good growth during 2007 - 20% is one figure that I read.
It wasn't as crazy as Bucharest, but that to me has all the signs of burning out after a few years if it carries on growing at that rate.
Bratislava's growth seems slow but sure (as is the case with their economy).
Yes, new build offplan developments are always going to be attractive because the housing stock in Bratislava - as is the case throughout Eastern Europe - is very poor. Anyone with a bit of cash is going to want to live somewhere with all mod cons.
So I still stand by everything I said last year about the market. It's maybe not such a 'sexy' destination for investment as a resort or Prague/Budapest, but that just means less competition from those who invest with their hearts rather than their heads.
Quote:
Originally Posted by Chantel
Hi propertastic,
Thank you for the information on Slovakia. I read the articles and was curious if Bratislava did see that rate of property growth/success in 2007? Would it be recommended that new builds, off plan are the best bet in terms of long term rentals to the locals?
Thanks
Chantel
|