Slovakia set for price bonanza

Euro adoption could lead to a boom in prices in the Slovakian property market…

People who buy property in Slovakia before January 1st 2009, when the currency is set to be adopted, could therefore see a healthy return on their investment.

"The way the market’s going now and just on the psychology of the market, prices will continue to exceed expectations up to adoption [of the euro]," said Carl Dear, investment strategist with Offplan Millionaire.

"And prices will continue to exceed expectations for approximately one and a half to two years after euro adoption itself."

At the current time, Mr Dear pointed out that the town of Trnava is the fastest-growing location in terms of property prices, with a lot of foreign investment being targeted there. He also said that big cities such as Bratislava would be a "good bet" for Slovakian property investors.