Central 22 Slovakia City Properties For Bratislava Commuters

Central 22 is a Slovak real estate investment opportunity not to be missed. Enjoying a strategic city location in the desirable commuter belt of Bratislava, this brand new release offers city investors the opportunity to buy into Central 22 at 21% below market value.

A new development aimed primarily at Bratislava’s commuting public, Central 22 sits just 8 km from Bratislava city centre. Slovakia has joined the ranks of its neighbouring countries prospering from a rapid influx of foreign business investment with the likes of Deloitte, Volkswagen and Tesco attracted by flat rate 19% tax and a highly educated but cheap labour force. The World Bank has praised the fast changing business environment in Bratislava and today classifies Slovakia as an upper-middle income country with GDP growth of 6.6% in 2006, making it one of the fastest growing market economies in Central Europe. Since becoming a member of the European Union back in 2004, Slovakia has implemented a range of reforms transforming it into a market economy along with a number of health care, pension system and tax reforms which have served to strengthen the country’s economic situation. In the next few years Slovakia is expected to join the countries of the Schengen Agreement and from Jan. 1, 2009 the unified European currency, the Euro, will be used.

The riverside location of Bratislava along the banks of the Danube has attracted some 500,000 permanent residents to this exciting cosmopolitan city, drawn by culture, leisure activities and of course employment. The international airport is a growing hub for low-cost airlines which has also served to bring tourism and business visitors to the city whose additional 130,000 daily commuters benefits from an excellent transport infrastructure including a high-speed catamaran service to Vienna, soon to be completed new motorway connection between the two cities and plans to connect Bratislava via public city transit to the Austrian border villages of Hainburg and Wolfstal by December make the city easily accessible for people of all walks of life.

As such demand for property here is strong from both expatriate investors and local buyers looking to get a foot on the domestic property ladder. Government incentives of low interest rates of around 5% on mortgaging facilities and no stamp duty, inheritance tax or capital gains tax make Slovakia real esate particularly attractive to investors looking to maximize their returns long term whilst local demand is growing fuelled by property shortfall of some 220,000 units.

The Central 22 project is a fantastic real estate investment opportunity and offers some exceptional financing options for clients aiming to minimize capital outlay whilst maximizing capital appreciation. The project comprising 72 houses consisting of 3 bedroom townhouses, 4 bedroom semi-detached houses and 4 bedroom detached houses are being marketed at 21% below market value with a total initial investment required for a 3 bedroom townhouse being just £39,975. To facilitate the final balance payment on properties purchased in Central 22, clients have a 15 year, 70% loan-to-value interest only mortgage facility at their disposal subject to a clear credit history, should lending criteria be insufficient the developer has committed to a full refund of all funds paid to date. Upon completion a 5% guaranteed rental yield for 24 months option is on offer to complete the investment package.

Considering the impressive house price growth expected in Slovakia, as over the coming years with analysts predicting in excess of 15% growth per annum over the next 3 to 5 years, value expected at completion (month 42) is £393,984 which when taking advantage of the complete financial package on offer translates to an outstanding return on investment of 192%.

As home to Slovakia’s capital city and centre of business the Bratislava region registers the highest per square meter price for residential property with a 6% quarter-on-quarter increase, despite remaining one of the most affordable cities in Europe. As its Eastern European counterparts have already proved joining the euro and securing further FDI will only serve to strengthen an already attractive property market.

Central 22 presents a truly outstanding opportunity for the discerning overseas property investor; a strategic location, superb potential return on investment, located in the fastest growing economy in Central Europe, huge demand from both foreign and domestic buyers presenting an immediate exit strategy, 21% below market value, and coupled with such unique financing options giving an incredibly low entry level of £39,975.

For further information about Central 22, or to find out about other Obelisk projects, please contact Obelisk on 0808 1600670 or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com