The real estate market has hit bottom. Prices are being dropped on everything. However this is the best time to be a real estate investor. When you are investing in real estate the market doesn't matter as much as the price you can buy property at. If you are holding long term then you have to accept the market fluctuations. But if you can buy at the lower end of the cycle that is the best time to buy. The trick is knowing when that is.
If the market is experiencing a major downturn it is a great time to be buying due to a vast number of bargains. You can buy at rock bottom prices. However, do not get too negatively geared because this is how most investors get themselves into trouble in the first place. Go for positive gearing. In other words make sure your rental income equals or exceeds your outgoing expenses, to include mortgage payments. If you have other income you may be able to stand an extra $100 or more per month to top up the mortgage but try to avoid it. Negative gearing is ok if you have a really good income and a tax problem.
When real estate prices where climbing we all knew that our property values also climbed. Now in a declining market and slower home sales, investors need to be able to hold those property investments for a longer period of time.
Several investors that started during the "boom" now have to change how they are thinking about investing. This is the time when we separate "those who can from those who got lucky and made a few bucks". Now is when the long term hold plans must start becoming the focus. This is a business. You need to do the math. Will your income from your investment cover the expenses/new mortgage?
Having said all that, we cannot avoid the fact that with good research and due diligence the depressed market presents investors with the GREAT opportunities to build a portfolio of properties for long term gains.
In the next decade capital growth is forecast to be approximately 280% by respected UK TV program "A place in the Sun", they also rate Slovenia property in their top ten property destinations worldwide. Let's consider the advantages of Slovenian property investment in greater detail.
1. Location
Slovenia is a compact but diverse country, around half the size of Switzerland or the size of Wales Slovenia has borders with: Hungary, Italy, Austria and Croatia.
Slovenia is at the crossroads of Europe, between the established economies of the west and the new emerging countries of the east.
2. Natural Beauty
It may only be a small country but it has areas of outstanding natural beauty including: Snow capped mountains, thick alpine forests, vineyards, rolling hills and a slice of beautiful coastline on the Adriatic.
3. Economy
Slovenia is one of the newest countries of the European Economic Union (EEC) and this has resulted in investment from the EU itself, as well as individual investors and companies.
Membership of the EU has instilled confidence and this has fostered economic growth.
Slovenia now has the highest GDP of the new member states that have recently joined and the future prospects for the economy look bright.
With solid strong growth and higher disposable incomes, demand for quality housing is on the rise and this can be seen very clearly in the capital Ljubljana.
Ljubljana is a small city of just 250,000 inhabitants and has been likened to a smaller version of Prague, in terms of its appearance.
Land development laws are subject to strict and stringent planning conditions and prices are rising as a result. Many investors are making gains of 30% per annum in certain locations, as well as solid rental income from the buoyant buy-to-let market.
The capital represents where the vast majority of overseas investors have been buying Slovenian property - but there are many alternatives including:
2. Primorska
The town of Piran is town in the region that has attracted a lot of interest. Piran is a Venetian town with narrow cobbled streets, with a skyline dotted with church spires.
Its proximity to Italy, is seeing an influx of buyers and on a clear night the lights of Venice are visible in the distance.
3. Gorenjska
The Gorenjska Region stretches from the Hills of Škofja Loka, to the Slovenia's highest mountain peak at Triglav and is an area popular with the skiers. The towns of Kranj and Jezersko in the region are also popular property investment locations..
4. Lake Bled Bohinj. These two lake side resorts are already popular with tourists and are both lakes are in areas that have breathtaking scenery.
As Slovenia spends more money on its tourism industry these areas look set to increase their number of visitors and property prices look set to increase.
5. Pohorje Mountains
Slovenia's largest ski resort is in the Pohorje Mountains which is the home to the famous Mariborsko Pohorje resort and skiing is a segment of the tourist industry that is set to grow in popularity.
6. Maribor
Nearby, is the city of Maribor which is Slovenia's second-largest and with its charm and access to many of the delights of Slovenia buyers are moving in
7. Kranjska Gora
Is located in Zgornjesavska one of the most beautiful of Slovenia's Alpine valleys with a backdrop of the Julian Alps.
8. The Soca Valley
This area is dominated by the Soca River from which the area derives its name. The Soca River with its turquoise color and crystal, clear water is one that enchants all who see it.
The area is one in which people come from all over the world to enjoy the great outdoors with a variety of sports catered for including: trout fishing, hiking, biking, riding white water rafting and para gliding. Property in Slovenia.
As with any property market, location is the key and Slovenia property is no different.
You can get capital gains and income from your Slovenia property and which one you want to focus on will influence the area you choose and the property you purchase.
Buying a property in Slovenia is straightforward, finance options are available and there are many estate agents specializing in overseas buyers, to help you get the property that's just right for you.
Slovenia property looks to be a good long term investment in one of Europe's emerging markets. Slovenia is beautiful, the economy is growing and with the rise in the tourist trade the bull market in Slovenia property looks set to run for years to come.
Both Doc Schmyz & Kelly Price are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Doc Schmyz has sinced written about articles on various topics from Real Estate, Property Investment and Finances. Doc Schmyz started investing in real estate since 1990 He designed a free online resource for real estate investors to get free for more. Doc Schmyz's top article generates over 22200 views. to your Favourites.
Kelly Price has sinced written about articles on various topics from RSS, Learn Trading and Forex Trading Forex. MORE FREE INFO AND THE BEST SLOVENIA PROPERTY For all the facts on Slovenia property investment and more on. Kelly Price's top article generates over 165000 views. to your Favourites.