Hi!

I am looking to buy one property in Slovakia (Tatre), and have some qustions about Slovakia property.

If somene here is from Slovakia please PM me!

thank you,

blaz

What questions have you?
And what's your budget. There are many around who venture into shopping hoping they can make the deals of their lives with 5000 pounds in their pockets. Quite a fortune!
Regarding your question about investing in High Tatras area, generally it is not very convenient. There are a lot of possibilities to find cheap rent in private houses, so rental return is low. Another factor is the increased price of properites. The time to get good capital growth is over as almost everywhere in Eastern Europe except for Russia. My recomendation is thus invest in Russia. I do it for a couple of years and have quite succes.

Hi blazwww,

I am from Slovakia, even though I have been living in Dubai last 2 years.

Few years ago investment in real estate market in Slovakia was a good idea and you could experience 30% pa growth, however these times are over.

In your business case you could still play a little bit with Euro introduction, becoming effective by 1st Jan 2009. But as the prices are already matching prices in neighbors countries, do not expect high ROI. This is the case for Tatras, not just for big cities.

Another factor to contemplate when investing in Tatras is climate change, in Slovakia is it HUGE. Be aware that Tatras suffer a lot with almost no natural snow and people tend to prefer Alps in Austria as the prices are same and level of service obviously higher.

If I were you I would be extremely cautious and look for insights directly from the area in Tatras you plan to invest in.