Slovakian property is set to be the main leader of the newly emerging eastern European real estate hotspots, claims a leading real estate company…

Escapes2.com has recently expanded its portfolio to include a number of new markets throughout Europe and believes that Slovakian property is already showing signs of being ideal for overseas investors because of its long-term growth potential.

Paul McMullan, web manager for escapes2.com, believes that 2007 could see a sharp increase in activity in the region given the ongoing media coverage and the affordable property prices.

"I think the main area that we’re looking at the moment is Slovakia and Eastern Europe. The prices there are very low and growth is predicted to be high," said Mr McMullan.

Recent economic indicators suggest that Slovakia is one of the fast markets on Europe and could prove highly successful in encouraging further growth via increased direct foreign investment and the relocation of overseas firms to the region.

In addition, many budget airlines are also stepping up links with the country and responding to growing demand for regular tourist and businesses services to the region, therefore boosting the potential yields of holiday rental properties.

Anyone planning to purchase a property in Slovakia faces minimal red tape, especially European Union citizens and therefore it is an ideal location for investors who are looking for strong returns on a real estate purchase.