Property Frontiers is delighted to present The Silver Resort in the Tatras Mountains of Slovakia…

Offering truly alpine standard skiing at a fraction of the usual price, Slovakia is arguably the most exciting skiing investment destination in Eastern Europe.  With 80% loan to value mortgages available you can invest in a 4-star self-catering skiing apartment in the High Tatras Mountains for only £8,400 cash plus purchase costs. 

With 5% or 6% guaranteed rental options available and only 20% payment needed until completion (in 2010) Silver Resort is forecast to give an exceptional annualised return on capital employed of 92%.

Slovakia’s economic growth

Located in the heart of Europe, Slovakia’s economic growth is outperforming neighbouring countries and to this end is attracting increasing amounts of Foreign Direct Investment. Since the country’s accession to the EU in 2004, investment into Slovakia has become easier and more appealing with its automotive industry becoming the largest car production per capita in the world. 

Its tourist industry is also gaining momentum and UK visitors to Slovakia increased by 38% between 2006 and 2007. The Tatras mountains have long been a well kept secret for the locals, but visitor numbers are steadily increasing in the Presov region with hotel revenues up by 43% in 2006.

Across the whole of Slovakia the property market is experiencing high growth rates as locals become wealthier and demand higher standards of housing. Capital appreciation in Slovakia averaged 15% in 2006.

Tourist Appeal

Forming the border between Slovakia and Poland, the High Tatras offer year round appeal to a host of tourists due to their close proximity to many European cities.  Declared a UNESCO world heritage site they benefit from outstanding natural beauty and offer a wealth of attractions including some of the only truly alpine skiing in Eastern Europe, hiking, spa centres and golf courses.

Previously a relatively untapped resource, Slovakia’s tourist spots are now gaining prominence with both foreign and local investors, particularly as owning a second home in the famous Ski resorts of the High Tatras is fast becoming an important status symbol for wealthy Eastern Europeans. Due to limits on construction in the region, there should never be an over-supply and demand for a holiday home or let in the main ski resorts will remain high.

The Property

Located on the edge of the Tatra National Park, the Silver Resort commands spectacular views across the Tatras Mountains and surrounding landscape. A mixture of 1 to 3 bedroom apartments and 4 bedroom villas, the resort will be a unique concept in the area and will offer its residents a high standard of living with a wide variety of facilities. 

Conveniently situated just 15 minutes drive from Poprad Airport (with regular flights from London Luton and Stansted), 5 minutes drive to ski lifts and an 18-hole golf course this resort will have something to offer everyone.

With 80% LTV mortgages available, enabling investments from just £8,400, guaranteed rental income options offering 5% or 6% yields and forecasted capital appreciation of 15% per annum, the Silver Resort is a sound investment option as well as a luxury holiday home.

Amenities include:

Sports facilities including Tennis Courts and Ice, Skating Rink, Kids Club, Boutiques, Swimming Pool, Restaurants, Cafes & Bars, Spa with saunas, Jacuzzi, pool & massage centre, Central Plaza, Hotel.

For more information, please call Property Frontiers on 01865 202 700.

Alternatively, you can read all about the development and see photos on the Property Frontiers website below:

http://www.propertyfrontiers.com/Developments/Slovakia/Silver-Resort-tatras-mountains.html