What will resale be like in these cities, in say 5-10 years time ? I would be afraid that, in these 'emerging markets', residential development will still be substantial in this timeframe, and resale would be difficult (i.e. sale of new builds will be more attractive for prospective buyers). I guess location is (always) essential.
The ski areas in Slovakia are completely hopeless, with just one or two lifts and under-developed facilities. Is that enough? Or are they going to host the winter Olympics in 2014, after Vancouver/Whistler? Nice scenery, but where's the non-weekend customer demand?I reckon Slovakia looks fairly good - both bratislava and the skiing areas, nr tatra mountains.
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Anyone who can throw spanners in the works as to investing in slovakia - please do !
I think you'll find that most nay sayers, like myself, are just astounded by the relentless optimism in these threads and have given up trying. Everywhere's a hub. Everywhere is in / just about to go to a 2nd cycle. Everywhere is like Ireland in the 90's.
What's the point in highlighting inaccuracies and incorrect assumptions, it's pretty obvious that posters are hell bent on one course of action or the other. Or are sales people hyping up the particular area that they are selling. The only time you'll see ciricism is when these sales people start slagging off each others territory.
...if you're not obtaining at least break even position (net of tax & expenses) on a monthly basis why would you bother? You can earn 5 - 6% on call from Rabobank without the headache?
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