Property Abroad Hails Slovakia Property's Investment Potential

Hartlepool, United Kingdom (PressExposure) January 28, 2009 -- Overseas property portal Property Abroad has named Slovakia as one of the safest places to make a property investment in 2009. The announcement comes after months of research into European economies, and comparable findings and predictions from other research reports. Les Calvert director of the portal said:

"We, well, me and our research department started looking at European markets in November to try and make early predictions as to where to invest in 2009. It quickly became apparent that the bigger economies were being worst affected by the credit-crunch, and that the smaller, emerging economies in Eastern Europe, which didn't have as far to fall were doing much better. There are a couple of other markets we see doing well in 2009, but we predict Slovakia will be the most robust."

Les went on to give details of what this claim is based on:

"Though we see a rise in unemployment for 2009, the rise will be small, perhaps even smaller than the drop in unemployment we saw last year; meaning unemployment will still be lower than it was in 2007. We also see a slow in GDP growth, but not into negative territory as has already been seen in the larger markets. Slovakia GDP growth was recorded at an incredible 7.1 for 2008, we see it falling to a more sustainable 2-3% for 2009, where it will likely stay for 2010. We predict similar things as above for Bulgaria, but Bulgaria's current account balance is in a far worse state than Slovakia's."

Property Abroad have some excellent properties in Slovakia. A new exclusive holiday resort in the High Tatras Mountains, The Silver resort offers 1 bedroom apartments from just over £40,000. The Silver Resort offers a fantastic investment opportunity because it allows investors to buy-in for as little as £9,500. On top of the low stake investment, security comes in the form of a guaranteed 5-6% rental return for the first two years.

Facilities and amenities on the Silver resort include: restaurants, bars, cafes, shops, and water features. Sporting and relaxation facilities will also be part of the resort with tennis courts, ice rink (in the winter), kids club, indoor and outdoor pools, Jacuzzis, saunas, steam rooms, and massage facilities.

Property Abroad have many other properties in Slovakia, and throughout Eastern Europe's emerging markets []. Find out more by visiting the site.

About Property Abroad LTD

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on or the team at:

Property Abroad LTD
182 York Road
TS26 9EA

Chief Marketing Analyst
Liam Bailey

Press Release Source:

Press Release Submitted On: January 28, 2009 at 8:48 am
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