slovakia property still one of 2009 safest investments
News Posted On: 18 November 2009
Slovakia continues to prove itself as one of the strongest emerging markets in new Europe (as in new members of European Union, not some shadow government).
When Eurostat revealed its second quarter GDP results Slovakia had grown the most by a country mile, with a growth of 2.2%. That has been revised down to 1.1% in Eurostat's third quarter GDP report, but this doesn't change the fact that Slovakia grew far more than its Balkan rivals in the second quarter, and more than most of developed Europe also. The third quarter growth of 1.6% is just icing on the cake.
We here at Property Abroad love to see Slovakia outperforming other emerging markets and established ones, because way back in February we said that it would do just that. We also said that it would avoid falling into recession, which it has so far.
In that report we said that Slovakia was the safest place in Europe to make a property investment, because of the robustness of the economy. We stand by that, but most buyers are currently favouring the established markets, because the commonly held opinion is that price falls are over and now is the time to swoop in and bag a bargain.
We also believe this. But we also know that Slovakia is a stable, solid economy, which has proven itself resilient against international influences (to as great a degree as possible), and where you can buy property at a lot lower prices than its established rivals.
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