REAL ESTATE NEWS

Bratislava, Slovakia - Europe's New Hot Spot

Bratislava, “the beauty on the Danube”, as she was once called, will possibly regain her title of magnificence soon as the real estate market in Slovakia is literally going through the roof.

And why not? Bratislava's lovely renovated old town is complete with Baroque palaces, leafy squares and a youthful optimism laced with big ideas and possible large investments. Investors are increasingly attracted to this once stately capital of imperial grandeur, and are convinced she will be revived in the nest ten years. And they are willing to put their money where their mouths are, as all segments of property are developing through local companies and world renowned companies such as Ballymore. All areas of property are popping up all over the city of Bratislava, from shopping malls, restaurants and pubs to offices; offices being the main interest with residential flats coming in a close second. Plans to revitalize the embankment of the Danube to it's original grand scale, along with major companies such as Heifman, Hannover Leasing and Axa coming into the city will only make Bratislava a sought-after real estate player on a global scale. To match this investors also have plans to expand the lively old town, renovating more historical buildings and stretching the quarter to the river. Old Communist style factories will disappear and be replaced by attractive modern complexes housing offices, apartments, greenery and retail centers.

This construction boom happening in the Republic of Slovakia is the result of economic reforms of the government from 2002-2006. The impressive economic growth will be evident in the eye of the storm, Bratislava. In the past, the name Bratislava wouldn't even raise an eyebrow from investors or developers. Today the bustling capital of Slovakia is one of the most lucrative investment localities in Europe.

Bratislava is one of the last European capitals to be expanded. Because of this the city is devoid of tourism compared to her neighbors Prague, Vienna and Budapest, This of course will change in the future as Bratislava fever catches on. But for now, the capital remains inexpensive and available. Slovakia is a smart choice for savvy real estate investors and developers.