Slovakia Investment Property

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Slovakia Investment Property Newsletter
July 2007 - Issue # 33
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Welcome to the July issue of your Slovakia Newsletter.

Untypically, this month we will skip our property market
focused feature article and let you speak out instead.
Following a regular news roundup you will find a brief
survey. We want to learn about your investment goals and
how they may have changed over the time, as well as your
views of Slovakia as a property investment destination.

Any answers are greatly appreciated as they will help us
provide you a better service. Of course, you can choose
to only answer some questions and others not, if you so wish.

Five of the best answers (and that doesn't necessarily mean
the most positive ones!) will be rewarded by a publication
on Slovakia as a tourism destination.

And, in case you've missed any of our previous newsletter
issues, they are available for you here:

www.slovakiainvestmentproperty.com/newsletters.php

In this issue you will find:

1. Green Light for Real Estate Funds
2. Subscribers Survey
3. Tell Us What You Think!

===================== MUST READ NEWS ====================

1) Green Light for Real Estate Funds

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In a recent report by Global Property Guide, Slovakia has
topped the list of Central and Eastern European countries
with highest expected property price growth for 2007.

* * *

With growing prices Slovaks are increasingly seeing property
as a lucrative investment. Yet the priority for most buyers
is purchasing a residential home, and few have budgets to
buy additional properties for investment purposes.

Since 2007 even less wealthy Slovaks can profit from property.
After several years of trying, the rules for real estate
funds have finally been set up in Slovakia, and the first
funds were established - four at present.

Real estate equity funds have been operating on the Slovak
market for some time, however, they cannot invest directly
into property or development. The new special real estate
funds are able to buy buildings, land, invest in development,
buy stakes in property companies, etc. They can be registered
as owners in the land registry.

The minimum initial investment starts at SKK 100,000-250,000
(3,000 - 7,500 euro) depending on fund, which means the
funds are affordable to many but not all Slovak investors.

* * *

A comparison of office rents in Central European cities
shows Bratislava to be the cheapest. Price per m2/month
reaches a maximum of 18 euro in top locations of the Slovak
capital. Prague's offices rent at up to 19.75 euro, while
Vienna's rates reach 20.50 euro and top offices in Budapest
come to 21 euro/m2/month. The most expensive city, Warsaw,
has offices for rent at up to 25 euro/m2/month.

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2) Subscribers Survey

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We will appreciate answers to (any of) the following
questions. They will help us understand your current and
future investment objectives and consequently source the
most appropriate property opportunities for you, our client.

And, not to forget, five of you will receive a special
publication (Spectacular Slovakia) as a thank you!

1. Have you already invested in Slovak property and if
so, are you satisfied with your investment (or second
home purchase)? Please explain where appropriate.

2. If you have not yet purchased a property in Slovakia,
is the country still of interest to you as an investor,
or has your focus changed (and why)?

3. When you have subscribed to our newsletter and deal
alerts you were interested in Slovakia as a potential
property investment (or second home) destination. What
has attracted you to the country? Do these factors still
prevail today or has your opinion changed in any way
(and if so, how)?

4. If you are still interested in Slovak property deals,
what are you looking for primarily? (Eg. buy-to-let in
the capital, chalet in the mountains for own use, etc.)
What is your budget for a potential Slovakia purchase?

5. If you are undecided about investing or buying in
Slovakia, what are your main concerns or obstacles?

6. Have you ever visited Slovakia? If you have, what was
your impression? Any positive/negative experiences?

7. What would you suggest us to do in order to improve
the service you have been receiving from us so far
(where applicable)? Any ideas, opinions and suggestions
are warmly welcome!

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3) Tell Us What You Think!

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We would love to hear what you think of this issue of our
newsletter. We hope you find the information useful and
wish you best success in your investment activities.
And of course, if you have any suggestions for upcoming
issues that you'd like to share with us, please send them!

Just e-mail us at: contact@slovakiainvestmentproperty.com

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We are looking forward to seeing you next month. In the
meantime, if you have any questions or would like to
request further information, please contact us at
info@slovakiainvestmentproperty.com or at
+44 (0)207 152 4014.

Best of success,

Petra Gajdosikova
Managing Director
Slovakia Investment Property
www.slovakiainvestmentproperty.com

Slovakia Investment Property is a trading name of
Alpha Real Estate Investments Limited