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| Bueno Property Investments - Details Article |  | Property Investments
Overseas
Property Investments are becoming more attractive. As UK
property prices continue to increase the opportunities available
to working class men and women continue to dwindle.
The cost of maintaining a single household can be limiting
enough, so how can we can go about starting or increasing a
property portfolio?
The answer is simple, look outside of the UK. Emerging Eastern
and Central European property is available at a price many can
afford. The overseas property boom started with Spain and then
North to France, but now this boom is spreading East to
countries such as the Czech Republic, Bulgaria and Poland.
For example, apartment prices in Bratislava can start from as
little as £43,000 (including VAT) with a rental yield estimated
to be over 8% p/a. This Slovakian property investment is ideally
located and only five minutes away from the centre of Bratislava.
Major corporate relocation is already taking place with
Bratislava attracting companies such as Dell, IBM, Volkswagen
and KIA.
These specific properties are expected to return a rental yield
of over 9%.
Slovakia has the fastest growing economy in Europe and as
industry and businesses exploit the countries low wages and
educated work force, wages and living standards are set to
continue rising. Industry in the EU is already moving East and
Slovakia has been the main beneficiary of this, having just
become the largest producer of cars per capita in the world.
On top of this, due to the low taxation rates of just 19% across
the board, workers are increasingly living in Bratislava and
working in Vienna therefore enjoying first world wages and
second world living costs. All of these factors will have hugely
beneficial effects to property related investments within the
Slovakian Republic and most of all Bratislava.
Mortgages are available from major European banks offering draw
down mortgage products to enable investors to purchase property
with only a 30% equity layout.
In general, there is no stamp duty in Slovakia and Capital Gains
Tax is charged at 19%. It is not necessary as a foreign national
to set up a company to purchase property within Slovakia.
Slovakia is part of the European Union and their property
ownership laws have converged with the rest of the EU and are
therefore highly transparent.
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 | | ID: | 1931 | | Title: | Bueno Property Investments - http://www.buenoinvestments.com | | Pagerank: | 2 | | Description: | Property Investment Specialists, providing buy-to-let, discounted, no money down, 100% financed, low deposit, guaranteed rental, high yielding and commercial investment properties. Income schemes, funds, investment schemes, tax advice, investment guidelines, investment articles, property buying guides and financial services. | | Category: | | | Link Owner: | Links Manager | | Date Added: | November 28, 2007 05:28:31 PM | | Number Hits: | 0 | | |
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