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If you are looking for a low cost entry into Slovakias thriving property market, this development ticks all the boxes. Pekney Park is a superb new investment opportunity to purchase into a city centre development with potential for huge capital growth ( ROI 312% by completion) as well as 10% -12% average rental returns This is a true buy-to-let as we know it here in the UK, but this is in Slovakia, probably the hottest property investment spot in Europe. With 90% mortgages (sts) available the leverage for investors is very good and with low interest rates of 4.2%, this project will appeal to all serious investors in this tight economic climate. These apartments have been specifically designed for the rental market with the needs of prospective tenants in mind on price, style and size. This is reflected in price which start from only £32,403 and with deposits of £6,480 this is affordable for even small budget investors. These prices exclude kitchens and appliances, so allow about £800-£1,000 on completion for this.
There is a choice of studio, 1 and 2 bedroom apartments available which is what the market is demanding in this area. Sizes vary from 25 sq ms -88 sq ms according to the number of rooms so single and multiple occupiers are catered for.
Key reason to invest in Pekney Park
Up to 90% mortgages available subject to status
Good leverage with low deposits of 20% and a reservation fee of only £1,000 refundable up to 30 days
High return on investment (average Completion ROI 312%)
High rental yields 10%-12% average
Low interest rates 4.2%
Buyer funds protected by bank until construction is completed
UK and Slovak lawyers in place
Easy exit strategy before and after completion
Trnava is a thriving high tec town with many new graduates settling here to provide new companies such as Peugeot, Sony and US John Manville a well paid workforce
There is also many UK and US companies using computer graduates in the area for programming and design work
Over 10,000 jobs being created in the area
This development although luxury standard is about 30% cheaper than similar developments in the area until prices go up during the build.
Only 45 minutes from Bratislava airport
Key reasons to invest in Slovakia
Euro adoption in 2009 will boost property prices
Property price growth in 2007 was 32.7% higher than the previous year of 2006 and will continue to grow at a very high annual rate
Massive shortage of good properties to rent
Slovakias economic growth remains strong and stable
Low flat tax rate of 19% lowest in Europe
No inheritance tax, gift tax or stamp duty
No Capital Gains tax after 5 years of ownership
19% tax on rental earnings
We believe this is an excellent development for all types of investors and we can honestly say we have not seen anything as good as this development for a long time. We expect that our current 66 units will sell out very quickly so if you are interested then please call us quickly before all the best units go.
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