Real Estate in Slovenia: an Investment with 300% Average Growth Over 10 Years
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by: Daniel Andrews1
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Slovenia real estate is hot at the moment and more investors than ever are buying property here after it was recently voted one of the top ten investment destinations in the world. It has a forecast average growth of nearly 284% over the next ten years, here are some of the best reasons why you should consider investing in Slovenia real estate.
This country is not known to many investors but it’s becoming more popular with a host of advantages. Slovenia is a small country (around the size of Switzerland) which is located right at the heart of Europe and is bordered by Austria, Croatia, Italy and Hungary.
Slovenia is cheap and competitively priced in terms of future growth prospects. Slovenia property is still affordable and the property boom is in its infancy, with what looks like decades of growth ahead of it. By getting in now and buying, you are getting affordable property with great future capital growth potential.
Membership of the EU Instills Confidence
Investors are buying Slovenia houses and commercial property and this trend has accelerated with EU Membership.
Slovenia is a full member of the European Union and has adopted the Euro as its currency. Being a member of the EU has bought credibility, stability and created confidence in the country’s future which, has seen both an increase in EU funding and further capital influxes from overseas private and commercial investors, setting an economic boom in motion.
Shortage of Quality Housing
Another reason is a shortage of quality property.
When any economic boom takes place there will be demand for more quality property and this is occurring in Slovenia as disposable incomes rise. There is however another reason why quality real estate is required and that is the expanding tourist industry.
The Tourism Boom is Increasing Potential
Tourism growth offers one of the most important reasons for investing.
Slovenia maybe a small country - but it’s also diverse and very beautiful. Slovenia lags behind many of its neighbors in terms of promoting itself but that is changing. The Government is pouring hundreds of millions of dollars into expanding tourism and cheap budget airlines are making Slovenia easier and cheaper to visit than ever before.
The country has a lot to offer, from the soaring mountains of the Julian Alps, picturesque rivers like the Soca, green hills, valleys dotted with vineyards, dense alpine fairytale forests which cover around 25% of the country and even a stretch of coastline on the Adriatic. With the rise in tourism, comes a rise in the number of people wanting to let higher quality accommodation and in the major tourist spots demand now exceeds supply.
Slovenia property investors can not only get solid capital growth but also great rental incomes too. Slovenia real estate may not have been an area you may have thought of before, however as you can see, it’s affordable and offers excellent growth potential with low risk.
Tourism and solid Economic Growth = Higher Prices
There is solid economic growth which looks set to continue.
Slovenia has the highest growth rate of any of the new member states and the outlook for the future is good, with economic policies that foster growth, the country has a great location at the heart of Europe and a highly trained and skilled workforce.
Buying Is Easy
Buying is straight forward. Buying Slovenia property is easy and the process is designed to protect, both buyers and sellers. You can also finance properties locally and the mortgage is secured on the property in Slovenia, not on any other residences you may own. .
There are numerous Slovenia estate agents who specialize in overseas buyers and can help you find the property you require to maximize rental income go for capital growth or, a mixture of both. Slovenia real estate is affordable with great potential and that makes it a great low risk investment .
Real estate investment in Slovenia offers you a solid potential gains with low risk and is well worth considering.
About the Author
Daniel Andrews is author of this article on Property in Slovenia. Find more information about Slovenian Estate Agents here.
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