OntheMarket

A sample of what's on offer in Bratislava

Axton is a new development being built in the Ruzinov area of Bratislava, close to the old town.

One and two bedroom apartments ranging in size from 60 to 80 sq m (646 to 861 sq ft) cost from €93,000 to €105,000-plus. They do not have fitted kitchens, but come with tiled bathrooms and video security phones.

There is a good rental market in Bratislava, according to Pat Loftus of the Slovak Real Estate agency. Slovak bank managers and business people as well as the expat community will pay from €400 to €600 a month in rent.

There is no stamp duty payable in Slovakia, lawyer's fees are around €500 and there are no hidden charges, according to Loftus. Foreign investor mortgages with 4.5 per cent interest rates are available through banks like Bank Austria.

[ www.slovakrealestate.sk ]

On Lazaretska Street near the city centre a 31 sq m (333 sq ft) flat completely renovated and furnished priced SKK1,750,000 (€45,500). Ready to rent at SKK13,125 (€337) per month giving owner 9 per cent return on rent. Tenant available. (Currently rented for six months from 1/04/05)

On Obchodna Street near the historic centre of the city a 23 sq m flat (247 sq ft) for SKK1.320,000 (€34,285) before renovation. Located on the second floor with a lift. When renovated and furnished, could be let for SKK11,000 (€282) per month giving a return on rent of 10 per cent. Tenant available. (Currently rented for nine months from 1/04/05)

Norco

info@properties.sk