Posted on April 4, 2009 - by admin
Overseas Investment Property – a Top 10 Investment Destination
Here we are going to look at a top 10 investment destination with forecast growth of up to 300% in the next ten years – the country is Slovenia, a recent member of the European Union and situated at the very heart of Europe.
So why is buying property in Slovenia such a good investment? Let’s take a look.
Slovenia is a small country about the size of Switzerland which has borders with: Austria, Croatia, Italy and Hungary. It has a highly skilled workforce and the country has an important strategic position at the crossroads of Europe.
It joined the EU in 2004 and has adopted the euro and has achieved the highest GDP of any new member state. Investment has come from the EU, as well as private investors and the economy is booming.
As with any economy that’s booming, higher disposable incomes means demand for quality housing is rising and demand cannot keep pace with supply. In the capital Ljubljana for example, price rises of 30% per annum are being achieved and there is the opportunity for good rental incomes as well. The boom is not just restricted to the capital and other areas are seeing strong rises. The demand for skiing property in Slovenia has seen the resorts near the Julian Alps see high demand.
Other areas with good potential for capital gains include:
The established holiday resorts of Lake Bled and Bohinj and The Soca Valley. In fact all over the country gains can be made and there are plenty of Slovenian estate agents that specialize in helping investors get the right property for their budget and investment aims.
As Slovenia actively promotes its tourist industry and cheap budget airlines make access cheaper than ever, the demand for high quality property in the popular tourist resorts will continue to see good rises in price.
Buying is easy and is designed to protect both buyers and sellers.
The process should take no more than a month to complete. You can also arrange mortgages on your Slovenian property which are secured on the property in Slovenia and not your principle residence so you can maximize cash flow.
As with all property booms, this one is set to last for decades, its in its infancy and the property market looks to remain strong for the foreseeable future.
It’s a safe, stable and beautiful country and it’s no wonder it has been voted one of the top ten overseas investment property investment locations in the world.
Take a look at what Slovenian property has to offer in terms of growth and you maybe glad you did.
