Finance and Rental Yields

Rental Provision

As part of the Pinewood Valley sales package we offer the services of our rental management partners 'Happy Homes' a division of Saint Paul Travel & Tours Ltd. With over fifty properties currenlty in their portfolio they are perfectly placed to provide the very best rental returns. The rental projections provide an annual net income equivalent of 6-7% for the first three years of operation. This is a net figure and includes all ancillary costs such as changeovers, apartment cleaning and commissions. The rental income which the owner receives is including VAT. Please note that there are community charges/taxes levied by the local authority of approximately GBP£2.50/m2 per annum. These can be paid direct from the rental income together with the maintenance management fee currently £6.50/m2 per annum

Recent annual increases in local property prices of 10-12% are well below the current rates in Bratislava the capital where rises as high as 100% have been noted. We expect the growth trend experienced in the capital to extend to other sought after areas such as the High Tatra tourist region.

We anticipate current prices to increase by up to 25% in the next 12-18 months. Therefore your investment of say £59,500 in a one bedroom apartment at Pinewood Valley will provide you an income of £3,570 p.a. Add to this an anticipated minimum annual capital growth of 15% and your investment will return an overall 48% in two and a half years.

Payment terms

Payments of 20% deposit and nothing to pay untill completion make this an excellent low cost investment. Your contract can also be assigned before completion if required.

Mortgages

Through our contractual agreement with Hypocentrum a.s. Slovakia's largest mortgage broker, we can provide mortgage finance on Pinewood Valley of upto 70% of the purchase price. You will require having a credit worthiness statement from your country of residence which normally avoids the need for certificated earnings. Repayment terms are normally upto 25 years. Please contact our head office or your sales agent for more details.