Slovakia ‘safe as houses’?

Slovakia is one of the safest places to make a property investment in 2009, it has been claimed...

This is the view of overseas property portal Property Abroad, which believes that of all the emerging economies in Eastern Europe, Slovakia will be ‘the most robust' in 2009.

Les Calvert, Director of the company explained:  "Though we see a rise in unemployment for 2009, the rise will be small, perhaps even smaller than the drop in unemployment we saw last year; meaning unemployment will still be lower than it was in 2007.

"We also see a slow in GDP growth, but not into negative territory as has already been seen in the larger markets. Slovakia GDP growth was recorded at an incredible 7.1 for 2008, we see it falling to a more sustainable 2-3% for 2009, where it will likely stay for 2010".

Source: http://www.property-abroad.co.uk