Slovakia off plan property development in Bratislava city

Slovakia was rated number 7 on the recent A place in the sun 20 best places to make money in 2006. Slovakia is the eastern half of the former Czechoslovakia, from which it gained independence in 1993. Landlocked, it borders the Czech Republic, Germany, Poland, Ukraine, Hungary and Austria. It joined the EU in May 2004 with the eventual aim of adopting the Euro and has consequently seen a steady rise in property prices. 

Bratislava is Slovakia’s capital city with a population of over 400,000. Situated in the foothills of the Lower Carpathian Mountains, Bratislava city is split across by the Danube River. Vienna is within easy reach of this city just 60km away in Austria. The city itself has smartened itself up over the past few years and has all the facilities and amenities you would expect from a capital city. Similar to a number of cities in Central Europe, such as Prague and Budapest, residential property development is well underway with new build apartments selling off-plan for investment to property buyers in Western Europe creating a mini property boom. Slovakia has encouraged foreign investment by introducing a flat rate tax of 19% and no stamp duty for overseas property buyers.

Bratislava property on the market

The Condominium Renaissance comprises 80 apartments and is located 10 minutes from the city centre close to the Karlova Ves –Dlhe Diely district. This new development consists of seven separate buildings, which will overlook the River Danube due to the project’s elevation on the top of a hill with south facing views. Some of the apartments are graced with a castle view too. Due to its prime location the apartments and their respective terraces are stepped as part of the great design.

The extensive grounds will have a few gazebos and vista points so residents will be able to enjoy the views from the gardens. Owners at The Condominium Renaissance will have a access to a squash court, fully equipped fitness suite, a swimming pool and a sauna.

Starting price: 4,117,647 SKK (Slovak Koruna) (c. 109,556 EUR) VAT rate is 19%
Completion of the off plan project is due in May 2007.

Moving closer to Bratislava centre you will find the impressive Aston development, just five minutes away on Rusinovska Street in the Ruzinov district. This is a mixed use property development boasting 30 residential apartments, including 2 penthouses and 3 bottom floors for office and commercial use.

The Aston development has a perfect view of the Strkovec Lake, a haven for wildlife and houses a cultural, sports and social centre. The views offered are also of the old town castle and surrounding mountains. The district itself will have a new addition in the form of the largest shopping and leisure centre in Bratislava, which is currently under construction. The renowned CULTUS Centre for Culture and Art is also close by.

Starting price: 1,840,000 SKK (c. 48,000 EUR) VAT rate is 19%
Completion of the off plan project is due in Q1 2007.

Email Nubricks.com for more information and current availibility of these projects.

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