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Key selling points
- 5% or 6% guaranteed rental options available
- 80% LTV mortgages available - Invest with just £8,400!
- Annualised Return on Capital Employed forecasted to be 93%
- Limited supply due to construction limitation
- 600% increase in FDI since 2000
Key Features
- Secure, gated resort with a variety of sports and leisure facilities in a superb location on the edge of the Tatra National Park
- 5% or 6% guaranteed rental options available
- 80% LTV mortgages available - Invest with just £8,400!
- Annualised Return on Capital Employed forecasted to be 93%
- Area of outstanding natural beauty & UNESCO world heritage site with a wealth of tourist attractions to enable year-round visitation
- Limited supply due to construction limitation
- 600% increase in FDI since 2000
- Growing mortgage market
- Increasing tourist arrivals with Tatras Mountains being a holiday ‘hot spot’ for Eastern Europeans
- Slovakia’s capital appreciation is currently at 15% per annum
Description
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 the automotive industry becoming the largest car production per capita in the world.
Its tourist industry is also gaining momentum and has see visitor numbers to both its cities and mountainous regions steadily increasing. 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. The Tatras are well located within easy reach of many European cities and are attracting attention from wealthy Russian and Ukrainian tourists.
The property market is experiencing high growth rates as locals become increasingly wealthier and demand higher standards of housing. The mortgage market has rocketed as more and more locals are borrowing and more mortgage products become available. Capital appreciation in Slovakia averaged at 15% in 2006.
Location
The Tatras Mountains form the border between Slovakia and Poland and are a UNESCO world heritage site. As well as being an area of outstanding natural beauty, the resorts of the High Tatras have a wealth of attractions to offer tourists year-round including skiing, hiking, spa centres and golf courses.
Previously a relatively untapped resource, Slovakia’s tourist spots are now appearing on the agenda for both foreign and local investors, particularly as owning a second home in the famous Ski resorts of the High Tatras fast becomes 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 Properties
Located on the edge of the Tatra National Park, the Silver Resort commands spectacular views across the Tatras Mountains and the surrounding landscape. A mixture of 1 to 3 bedroom apartments and 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), 5 minutes drive to ski lifts and 4 km from an 18-hole golf course this resort will have something to offer everyone.
Add to this the fact that 80% LTV mortgages are available, enabling investments from just £8,400, guaranteed rental income options available to give 5% or 6% yields giving cash flow positive returns and forecasted capital appreciation of 15% per annum, the Silver Resort will be a sound investment option as well as a luxury holiday home.
Amenities
- 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
Payment Schedule
- A partly refundable deposit of €5,000 is required to enable your reservation
- 20% of the total purchase price is payable upon signing the Future Purchase Agreement (FPA)
- 80% of the total purchase price is payable upon completion of the development (estimated to be 2nd Quarter 2010)
What's on Offer?
- Studio (32 sqm) = €60,410 (~ £42k)
- 1 bed apartment (40 sqm) = €94, 283 (~£66k)
- 2 bed apartment (75 sqm) = €140,700 (~£98k)
- 3 bed apartment (97 sqm) = €191,000 (~£134k)
- 4 bed villas (175 sqm) = €399,000 (~£279k)
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