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 Euro will ‘boost Slovakian prices’
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Friday, May 25, 2007 |
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An investment expert has suggested that the adoption of the euro could lead to a boom in prices in the Slovakian property market…
People who buy property in Slovakia before January 1st 2009, when the currency is set to be adopted, could therefore see a healthy return on their investment.
"The way the market is going now, and just on the psychology of the market, prices will continue to exceed expectations up to adoption of the euro," said Carl Dear, investment strategist with Offplan Millionaire.
"And prices will continue to exceed expectations for approximately one and a half to two years after euro adoption itself."
At the current time, Mr Dear pointed out that the town of Trnava is the fastest-growing location in terms of property prices, with a lot of foreign investment being targeted there.
He also said that big cities such as Bratislava would be a ‘good bet’ for Slovakian property investors.
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