WHEN investors think Eastern Europe they often overlook Slovakia. Its capital, Bratislava is soon to benefit from what is being called "The Vienna Factor" . . . a new highway, to be completed in 2007, linking the two capital cities.
It is anticipated that a large number of Austrians are likely to purchase in Bratislava and commute to Vienna for work.
This is due to the fact that not only are properties more affordable in Bratislava, the cost of living in Austria is also a lot higher than in nearby Slovakia.
Once the highway is complete Austrians will be able to enjoy good incomes from jobs in Vienna and capitalise on the low cost of living in Bratislava.
Slovakia Investment Property, has launched a small block of 20 apartments in an exclusive part of Bratislava, five minutes walk from the city centre. This area is regarded as having the best rental demand as well as the highest capital appreciation, which is currently roughly about 15 per cent.
"Once the Austrian part of the highway is completed, commuting time between the two capitals will be down to just 30 minutes.
"Yet property prices in Vienna are more than double the prices in Bratislava, and the difference is even steeper for the top end properties, where it can be as much as five times higher" says Petra Gajdosikova, managing director of Slovakia Investment Property.
Prices will start at 1,751 per square metre.
Slovakia Investment Property 0044 207 152 4014; www. slovakia investmentproperty. com
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