Recent cut in interest rate is likely to ensure positive conditions for the country's property market and ensure prices remain high.
Economic conditions in Slovakia are set to ensure strong returns for investors in the local real estate market, according to property experts.
The recent decision by the National Bank of Slovakia to reduce the base rate of interest to 4.25 per cent is likely to ensure positive conditions for the country's property market and ensure prices remain high.
Harriet Meikles of Arc Property stressed that overseas investors with property in Slovakia are likely to benefit from the current economic conditions the country is presently experiencing, WorldofProperty reports.
"The interest rate cut should also have a buoyant impact on property prices by making it cheaper for local buyers to obtain mortgages," she added.
Meanwhile, Carl Dear, investment strategist at Offplan Millionaire, believes that property prices will "continue to exceed expectations" in the run-up to the country adopting the Euro.
The introduction of a single currency is also likely to ensure further development of the country's tourism market and increase visitor numbers significantly in the long-term.
