Central and Eastern Europe may not be the first place you consider for property investment opportunities, but it is proving to be a highly attractive area amongst property investors.
Central and Eastern Europe is making a comeback for real estate investment. This is partly because of the strong European market, with Central and Eastern Europe benefiting from their status as the most transparent, open and stable markets.
The European market had a hugely successful 2017. Europe attracted the largest share of global real estate investment for the first time since 2010. The latest investment rankings support this, with 7 of the top 10 cities for property investment being in Europe.
Another reason for the attractiveness of Central and Eastern Europe for investors is due to the region’s recent economic growth, which continues to help further boost interest and investment.
In particular, Slovakia is offering great property investment opportunities. In a challenging new environment for investors, investing in a new, developing country opens up many exciting opportunities.
Bratislava old town over the Danube river in Bratislava city, Slovakia
The Transport and Construction ministry highlight a sharp increase in tourists to Slovakia. 5.4 million tourists visited the country in 2017, up 7% from 2016, and this rise looks set to continue. Clearly then there is a demand for this up and coming tourist area, including increased international investment for hotels, an analysis of which can be seen in this hotel room investment review.
Zemplínska Šírava lake specifically continues to draw many tourists. With its unique lakeside location, it is continuing to attract international clients. It is set to be the next exclusive holiday spot, and with breath-taking views on offer, it is easy to see why.
Adding to this, the European Union and Slovakia are building a new highway between the major cities in the country that also connects to the Ukrainian border. This will significantly improve the transport infrastructure in the country.
Similarly, Ukraine is another country that has seen an increase in tourism. A report by the Kyiv post highlights that after a tough 2014, there has been an increase of roughly 500,000 tourists per year coming to the country, totalling 14.5 million tourists by the end of 2017. With a growing economy, Ukraine too shows promise from an investment perspective.
International investors are increasingly interested in the real estate investment opportunities becoming available in Central and Eastern Europe. Demand has increased in Slovakia alone by over 20% in 2017 and this looks set to continue. So, is now the time to invest in this growing area?
