Slovenia was recently voted one of the top ten investment destinations in the world to buy for capital gains and with a forecast growth of nearly 300% over the next 10 years, more foreign buyers are purchasing property than ever before. Here we will look at the reasons why.
1. Economic Growth
Slovenia is a member of the EU and has the fastest growth rate of any of the new EU members.
Slovenia is located between the established Western EU nations and the new emerging dynamic nations of the east, with borders with Croatia, Italy, Hungary and Austria. EU membership has meant investment not just directly from the EU but also private investment which is driving an economic boom.
With economic growth comes a growth a real estate values and Slovenia property has plenty of upside potential.
2. Shortage of Quality Housing
There is a shortage of quality housing and no where illustrates this more than the capital Ljubljana where strict building and land development regulations are seeing capital growth of in excess of 30% in many areas.
The tourist trade is also expanding and with this has come a demand for more quality holiday accommodation and property investors are looking at the main tourist hotspots to invest not just for capital growth but also for income
3. Slovenia Is Beautiful
It's a small country only about the size of Switzerland but has diverse natural beauty.
You can choose from historic towns such as the capital Ljubljana, Maribor and the beautiful Venetian town of Piran, to picture postcard resorts such as Lake Bled and Bohinj and the villages that nestle in the mighty Julian Alps. Slovenia has something for everyone mountains, rolling hills, valleys dotted with vineyards, mighty rivers such as the Soca and a beautiful stretch of Adriatic coastline.
Slovenia is investing millions in its tourist industry and this will increase the demand for high quality holiday accommodation.
4. The Buying Process is Straightforward
The buying process in Slovenia is relatively straightforward and the process is designed to protect both buyers and sellers and takes around a month to complete. Local finance and mortgages are available and these are secured on the Slovenian property itself - not you're other residences.
5. Cost of Living Is Competitive
The cost of living is competitive and cheaper than its more expensive neighbours of Austria and Italy for example. In addition Slovenia is a country which has very little serious crime and the people are generally friendly and welcoming to visitors. If you go to Slovenia you will feel safe and be sure of a warm welcome.
Slovenia property is at the start of a bull market which looks like it has far further to run and growth over the next decade looks excellent. As with all property investment if you want to maximize your gains you need the right property in the right area and there are plenty of Slovenia estate agents to help you find the property that's just right for you and your budget.
Discover Slovenia property investment and you maybe glad you did.
