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Slovakia Property Investment News
Slovakia considers the euro
The steady improvement in the Slovakian economy has increased the chances of its adoption of the euro and the growth of its already budding property market.
Slovakia has joined other eastern European nations in attempting to meet the membership criteria for the single European currency, with measures implemented to reduce its budget deficit.
In an effort to reduce government expenditure on health care, profit-making companies were invited to invest in the health insurance market, with private organisations now controlling 33 per cent of the market.
A survey by Channel 4 show A Place In The Sun named Slovakia seventh in the world for potential growth in property investment, with host Amanda Lamb confirming its benefits.
"Slovakia offers breathtaking scenery, rural tranquillity, gothic towns and potentially some of the best skiing in Europe.
"With the backup of EU regulations and structures, it's fundamentally a safe place to invest," she said.
Unemployment in Slovakia has fallen from by over eight per cent in the last five years and western companies such as Accenture have chosen to outsource to the Slovak capital of Bratislava and other eastern European cities, as EU membership proves increasingly beneficial to developing economies.
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