country_report.pdf (2MB)

Pekny Park C

Wednesday 16.04.2008
Prices in Pekny Park may rise higher than predicted.

Property prices in Trnava and the surrounding districts could rise higher than experts have predicted.

Car makers in the country plan to boost production in 2009 to 640,000 vehicles. Slovakia now produces more cars per capita, than any other country in the world. And an increase in output will require a massive drive to recruit skills an labour to meet output targets.

However, Peugeot and the other two car makers will need to look beyond Slovakia to fill the vacancies. One suggestion is to relax immigration rules to allow not only workers from Bulgaria and Romania, but also from Vietnam and the Ukraine.

The obvious impact of this will be higher property prices in Trnava and other cities where cars are made.

However, the news could prompt developers to take advantage of this situation, pricing their apartments and houses higher than previously planned  - as competition amongst buyers intensifies.

Pekny Park C

Tuesday 15.04.2008
Pekny Park Cheapest In Slovakia

Apartments in Pekny Park probably represent the cheapest new build studio, one and two bedroom flats in Slovakia, recent research has revealed.

In a study conducted across five major cities in Slovakia, apartments in Pekny Park were cheaper by as much 30%.

In terms of price per square metre, prices  did not differ greatly. But the  difference in price is accounted by the design: which closely mirrors the size of new builds in western Europe.

Although most apartments built today in Slovakia are much bigger than their western European counterpart new builds, Pekny Park has been designed for the the end user tenant in mind.

Tenants are less concerned about the total area of an apartment or the size of the rooms. Instead they pay particular attention to the aesthetics, facilities, quality and overall price when looking for rental accommodation. And decisions are usually made within the first few seconds of viewing an apartment.

Even though rental yields per square metre will match the market value, the overall rental price of apartments in Pekny Park will be far cheaper than other studio, one and two bedroom flats on the market.

Pekny Park C

Wednesday 09.04.2008
Countdown To Launch Date

Sales and reservations for the Pekny Park C development start on the 11th April 2008. Designed specifically for the rental market, each apartment offers excellent investment benefits for the buy-to-let investor with rental yields as high as 12.75%.

The unique characteristics of the concept and design mean that most apartments on offer in this development are cheaper than other new build projects in the Trnava area together with attractive financing options.

The average completion deposit ROI is estimated at a healthy 300% which has obviously stirred the interest of seasoned professional property investors who are looking for high yielding investment opportunities.

As the property markets in the UK and US face major corrections, Pekny Park offers a suerb overseas investment alternative to home markets where price growth is either falling or uncertain.

Competition for housing set to intensify.

Wednesday 16.04.2008
As foreign direct investment floods into Trnava, prices for the sale and rental of property could rise even higher, as competition amongst buyers and tenants increase.... read article »

Prices in Trnava could rise higher than experts predict

Wednesday 16.04.2008
Property invetsors urged to act quickly in Trnava as prices may rise higher than previously planned.... read article »

Property market set to rise from skill shortage.

Wednesday 16.04.2008
The country is already in the grip of a housing shortage. And the success of the automotive industry means property and rental prices could rise higher than experts have predicted.... read article »