As a new exclusive holiday resort directly in the High Tatras, Silver Resort will become the all year round destination for relaxation and sport. The resort will be located between Velka Lomnica and Tatranska Lomnica with easy access to the airport, mountains, and 27-hole golf course.

Existing Golf Course next to Silver Resort

The ski lift in Tatranska Lomnica is only a few minutes away and can take skiers up to the highest and most challenging slopes above 2,500m. Area of outstanding natural beauty & UNESCO world heritage site with a wealth of tourist attractions to enable year-round visitation

On the 84,091 sq.m of development land, Silver Resort will include:
-    400 finished apartments
-    12 luxury villas
-    Indoor and outdoor spa facilities
-    Sports facilities
-    Kids club
-    Plaza with shops, restaurants, and bars
-    4* hotel
-    Underground parking 
-    Aftersale services - all maintanence work fully undertaken

GUARANTEED RENTAL OPTIONS
5% Guaranteed rental option - 2 weeks available for property owner
6% Guaranteed rental option – property fully taken by resort management
5% rental option covers all the annual costs – mortgage, maintenance, fees
80% LTV mortgages available - Invest with just 20% + purchase costs (approximately € 2 500 per apartment)

DESCRIPTION
Located in the heart of Europe, Slovakia’s economic growth is outperforming neighbouring countries and to this end is attracting increasing amounts of Foreign Direct Investment. Since the country’s accession to the EU in 2004, investment into Slovakia has become easier and more appealing with the automotive industry becoming the largest car production per capita in the world.

Its tourist industry is also gaining momentum and has see visitor numbers to both its cities and mountainous regions steadily increasing.Visitors from Western Europe (mainly UK and Ireland) to Slovakia increased by 38% between 2006 and 2007. The Tatras mountains have long been a well kept secret for the locals, but visitor numbers are steadily increasing in the Presov region with hotel revenues up by 43% in 2006. The Tatras are well located within easy reach of many European cities and are attracting attention from wealthy Russian and Ukrainian tourists.

The property market is experiencing high growth rates as locals become increasingly wealthier and demand higher standards of housing. The mortgage market has rocketed as more and more locals are borrowing and more mortgage products become available. Capital appreciation in Slovakia averaged at 20% in 2006, and up to 30% in 2007. 

LOCATION
The Tatras Mountains form the border between Slovakia and Poland and are a UNESCO world heritage site. As well as being an area of outstanding natural beauty, the resorts of the High Tatras have a wealth of attractions to offer tourists year-round including skiing, hiking, spa centres and golf courses.

Previously a relatively untapped resource, Slovakia’s tourist spots are now appearing on the agenda for both foreign and local investors, particularly as owning a second home in the famous Ski resorts of the High Tatras fast becomes an important status symbol for wealthy Eastern Europeans. Due to limits on construction in the region, there should never be an over-supply and demand for a holiday home or let in the main ski resorts will remain high.

PROPERTIES
Located on the edge of the Tatra National Park, the Silver Resort commands spectacular views across the Tatras Mountains and the surrounding landscape. A mixture of 1 to 3 bedroom apartments and villas, the resort will be a unique concept in the area and will offer its residents a high standard of living with a wide variety of facilities. Conveniently situated just 15 minutes drive from Poprad Airport (with regular flights from London Luton), 5 minutes drive to ski lifts and 4 km from an 18-hole golf course this resort will have something to offer everyone. Poprad is about 1.5 hours of drive from Kosice airport with connections from Prague, London and Dublin.

Add to this the fact that 80% LTV mortgages are available, enabling investments from just €15 000, guaranteed rental income options available to give 5% or 6% yields giving cash flow positive returns and conservative forecasted capital appreciation of 15% per annum, the Silver Resort will be a sound investment option as well as a luxury holiday home.

AMENITIES
- Sports facilities - Tennis Courts - Ice Skating
·  Kids Club
·  Boutiques
·  Swimming Pool
·  Restaurants, Cafes & Bars
·  Spa centre with saunas, jacuzzi, etc...
·  Central Plaza
·  Hotel

BUYING SILVER RESORT
·  A partly refundable deposit of €5,000 is required to enable your reservation while on inspection trip with Slovakia Peaks (€2 500 refundable deposit after 20% is received, €2 500 – buying, legal costs)
·  20% of the total purchase price is payable upon signing the Future Purchase Agreement (FPA)
·  80% of the total purchase price is payable upon completion of the development (estimated to be 2nd Quarter 2010)

SILVER RESORT PRICING
·  Studio (32 sqm) = €60,410  - €15 000 investment in cash 
·  1 bed apartment (40 sqm) = €94, 283 - €21 000 investment in cash
·  2 bed apartment (75 sqm) = €141,925 - €28 000 investment in cash
·  3 bed apartment (97 sqm) = €191,000 - €41 000 investment in cash
·  4 bed villas (175 sqm) = €399,000 - € 83 000 investment in cash

WHAT TO DO NEXT

If you are interested in the Silver Resort project, please would you register your details below so that we may contact you with further information. Many thanks.