Finance Articles

Central 22 Obelisk's New Property Investment in Slovakia Provides Big Returns

London, UK (PRWEB) November 10, 2007 -- Obelisk are proud to launch their new project Central 22 (http://www.obeliskinternational.com/central_22_investment_potential.html) in Slovakia's capital city Bratislava, voted one of the best property investment (http://www.obeliskinternational.com/overseas_investment.html) markets in Europe.

Offered to clients at 21% below market value, at an extremely low entry cost of £29,975, with a projected profit of up to £472,781 over 5 years, and a guaranteed rental yield for 24 months on completion, Central 22 (http://www.obeliskinternational.com/central_22_investment_potential.html) is affordable and lucrative over both the short and long term.

Strategically located, the development is only 8 km to Bratislava city centre, 60 km to the Austrian capital Vienna and 150 km to Bucharest. Central 22 (http://www.obeliskinternational.com/central_22_investment_potential.html) lends itself not only to Bratislava's primary commuter belt, but also the central European business community, in particular Vienna. A new motorway is due to be completed by the end of this year, reducing the travelling time between the two cities to 30 minutes. There is also a high-speed catamaran service via the Danube.

Bratislava's International Airport is becoming an increasingly popular destination for low-cost airlines, such as Ryanair, with many direct flights from most major European cities. Recent changes to flight paths and air connections have led to a doubling in the number of flights to Slovakia.

Tim van Dijk Project Manager at Obelisk comments, "The availability of homes as opposed to apartments, outside the Bratislava city centre is scarce with limited current supply. Slovakia has an approximate 220,000 domestic housing deficit, which in any overseas property investment (http://www.obeliskinternational.com/central_22_investment_potential.html), an acute shortage of property will greatly enhance the profit margin."

The development itself comprises of four bedroom detached and semi detached houses and three bedroom town houses, all set within landscaped grounds overlooking a huge man-made lake and its associated sporting & leisure facilities. The high specification houses will include allocated parking and private gardens.

Bratislava is a cosmopolitan city increasingly attracting both tourists and foreign investors for its breathtaking scenery and its exciting mix of a modern city combined with a vibrant history and culture. The city's rich mix of cultures is present throughout the customs, cuisine, and lifestyle.

Bratislava is home to over 500,000 permanent residents and is Slovakia's strongest and fastest-developing property investment (http://www.obeliskinternational.com/central_22_investment_potential.html) market. A further 130,000 people commute into the city every day.

Van Dijk concludes, "Slovakia has the fastest-growing economy in Europe, and two upcoming events, entry into the Schengen Zone in 2008 and the adoption of the Euro in 2009, are set to accelerate the country's growth in popularity, investment, and development."

Despite an average 21.3% year-on-year growth in property prices, Bratislava remains one of the cheapest and most affordable cities in Europe. Strong economic growth, low income tax, no capital gains tax and very low transaction costs are the main reasons for the influx of investors to Slovakia, which will further encourage capital appreciation in Bratislava.

About Obelisk

Obelisk offers clients the opportunity to invest in specially selected real estate projects from around the world. Clients are offered involvement in ventures that represent unrivaled opportunity, potential and ultimately, return on investment. The service they provide to investors is based upon three key aims: price, profit, and performance.

For more information on overseas property investment (http://www.obeliskinternational.com/slovakia_property_investment.html), and to find out about Obelisk's latest projects, contact Obelisk free on: 0808 160 0670 (UK) or 1800 932 514 (IRE)

Visit our website: www.obeliskinternational.com/

Press Office: Tel: 0808 160 1005

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