Investing in Bratislava

M

Macd

Registered User
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Hi,
Reading alot of positive views of Bratislava and am thinking of investing here. Was woundering if anybody had any contacts or information in Ballymore's development there.
Anything l need to be aware of?
Any good estate agents to contact?
Roughly what price bracket l would expect for a typical 2 bed appartment in the city centre?

Also if anybody has any views on Poland particularly Posnan, l would appreciate your views on investing here also.
What are peoples view's on Posnan versus Krakow?

Regards
Macd.
 
Drop over and see the city Mac, some of it is lovely, but parts that have new developments going in are tragic! Local governments aren't always dummies!
 
Thanks for your reply, but don't know what you mean???? Where do you feel is a good investment?

Macd
 
Thanks for your reply almo, but don't know what you mean. Can you suggest where is good to invest in overseas property???

Macd
 
Hi Mac, sorry for not being totally clear. What I meant to say was, drop over to Bratislava and see for yourself, get a feel for it and if it bites you, you're bitten. There is a lot going on there, but for how long is a question.

Depending on what you're looking for, long term investment, rentals, getaway place, it's all very specific. Personally I've been warned off places like Bulgaria and Romania by people who were investing in the region but are moving out (or ceasing further interest), esp. in Bulgaria where the government are putting together a major development that will kill the private market, and Bulgaria because of inaccessiblity, social and economic problems and general lack of growth.

For a getaway I'd say Slovenia, it's well served by low cost carriers and close to everywhere (Italy, Austria, Germany, Croatia and Hungary) though it's pricey.

Rentals it has to be one of the good Spanish or French resorts, or a smal German student town.

Long term, well, hard to say, I'm biased in that I've done it in one place and have colleagues doing likewise, but any place could be good if you're looking just to buy and wait for 5-10 years. So in that I'd suggest some parts of Croatia in Slavonia or Northern Dalmatia.

Hope that's a little help.
 
If their moving out of Romania at the moment then they are very much in the minority and IMHO very misguided. Things are only just kicking off over here driven, for the moment, primarily by the local market with significant interest already being/having already being shown by overseas investors.

Have a look at what Mivan, a northern irish developer, are up to at the moment, as an example, (together with the italians, the spanish, the austrians, the germans, the french, the dutch, the portugese, the belgiums et al), in Romania.

I speak from some authority having dutch, french, italian and belgian friends out here in various parts of the country. Sure it's hard to find a fellow irishman amongst the expat community for the moment.
 
Ancutza, there have been numerous warnings about developments in both Bulgaria and Romania and the larger developers/investors, have avoided Romania. 2 large hotel concerns have pulle dout of talks with Romanian "agencies" having been stung for papers that never existed. One of Ireland's largest property and medical investors did likewise due to warnings from the Irish diplomatic community about the current climate. not the done thing, with accession a short hop away, but Romania is not all it is being promoted to be. Apart from the massive social problems, huge exclusion issues and fear from major corporations to invest fully there, it will be a long wait to get money back, but then again, thse who got in early enough can still make out like bandits, unfortunately most were with old Nick and still run the place.

But since this is about Bratislava and not a promote or knock Romania deal, it's far off topic, sorry Macd.
 
Someone please split this thread off into a more appropriate one, away from Bratislava! I'd do it myself but I don't know how!

Almo, please quote your sources regarding such warnings re: investing in Romania. I'd be also delighted to hear of more specifics regarding your allegation that Irish diplomatic sources warned a property developer/medical care whats-it off investing in Romania. My own 'diplomatic' sources (Irish) in Bucharest would whole-heartedly disagree with you! If you can back it up then please don't comment.
 
You seem to know enough people buddy, some calls and meetings with Irish investment groups would settle your mind. Alternatively you could contact dfa and speak to those who are in charge of making decisions from Min of State down, a little worrying, but hey, we all have our own axe to grind, it's just about not dressing up the emperor in clothes that aren't so fititng.

 
Think I'll buy a villa on the beach in Zadar. At least the luscious trees will mask the comings and goings of the 'indicted' neighbours and their blacked out Mercs.

Can you point me in the direction of a good EA out there?

Nuff said.

See you all in Croatia in 2009!

Almo, I don't wish to quarrel with you but truly you have things the wrong way around and a very blunt axe in need of grinding.
 
Buddy, I don't know what yother country to build up interest in one you're trying to promote or sell is a very sad and balkan way of doing business. So long as Croatia progresses as a nation and it's communities come together, it's good for us all, strange as it may seem. I won't bother knocking other countries to build it or any other up, because in the end of the day, the numbers and growth tell true.
 
Can people take the bickering offline and any rants to Letting Off Steam please?
 

Thanks almo,
Appreciate your advice, you seem to know and have knowlege in this field. l am in for long term investment but just confused because l may have an area in mind and hear good reports about it but then you read a post where somebody has had a bad experience in the same place and knocks u right off.
l appreciate there will always be good and bad but if l could find a place that has more the former rather than the latter. l have in the region of 50k to invest. Can l be so checky and ask where u and your collegues have decided to place your bets.

Thanks again
Macd
 
almo said:
esp. in Bulgaria where the government are putting together a major development that will kill the private market, and Bulgaria because of inaccessiblity, social and economic problems and general lack of growth.
Click to expand...

Almo, you've mentioned Bulgaria twice here, I presume one of them should be Romania? - if so which one and can you give a little more info on the major development that will kill the private market in one of these countries? People are making pretty scary posts but keeping them nice and vague.
 
Sorry Pegasus, the major development is Bulgaria, my bad, I was typing away and only now just realised I made the faux pas. It's 15,000 units that the government are constructing that is causing a lot of worries. Romania speaks for itself, Bulgaria has escaped a lot of the realistic flak but the closer to January the worse it'll get for them both.
 

Thanks almo,
It wasn't clear whether it was an actual property development or some other developement such as a law change or something.
Now, where are they building these units?
What "realistic flak" has Bulgaria escaped - are you talking about the EU?
If not what is the reference to January?
 
There are two locations for the units and they are contracting (ordering) all local companies to join in the fun. This has been common knowledge on the mainland for a while but many people I've spoken with in Ireland (I'm home on a working holiday) are unaware apart from those who have been selling or doing business there.

The flak bother the new entrants have escaped has been plentiful. The very slack borders have not been publicised, instead the Western press has done it's focussing on child trafficking from Romanian villages, mafia carry on in Bulgaria and the plight of Romany gypsies in both and the fear of migrant labour from them both flooding the market.

People trafficking from both has been largely ignored as has pollution, lawlessness, discriminatoin against minorities, massive police and judiciary corruption (though this isn't confined to only them both - other Balkan countries are havens for little boy racers with spare cash) and so on.
 
The units they're building - are they in cities, towns, countryside or tourist areas?
 
So far only tourist areas, 2 locations, Black Sea and one ski mountain. The government have actually publicised it so it's nothing that should be overly shocking, unless you've bought lots of land and are planning to build or resell your property in 5 years!
 
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