• Major new landmark development in the centre of Bratislava with prices from €125,820 - outstanding value in a European capital city
• 20 / 80 payment terms (including reservation fee), with a minimum downpayment of €25,164 including VAT
• Excellent transport connections outside the development - Just 12 minutes to the historic city centre by tram or bus
• 4.5% below market price, according to an independent valuation by King Sturge including a 3.8% discount on the developer's list price
• 10 minutes walk from the Kuchajda business district, which includes tenants T-Mobile, Orange and IBM and Polus among others - one of the largest entertainment and shopping complexes in Bratislava
• Slovakia is one of the best locations to invest with strong economic fundamentals, high GDP growth and euro adoption from 2009

These are exciting times for Slovakia - Europe's fastest growing economy.

The country's export-led economy continues to boom with GDP growth reaching an impressive 7.6% y/y in the second quarter of this year. This has led to a huge increase in spending power among Slovakians and greater demand for modern, stylish property in sought-after locations.

Red Tower is one such development located in the capital, Bratislava, the epicentre and dominant driving force behind Slovakia's strong economic resurgence that has been matched by a new phase of growth in the city's property market.

Rapid price growth in the property market since 2007 is underpinned by excellent fundamentals based on growing productivity in line with manageable wage growth.

Slovakia will adopt the euro in 2009 - a clear sign of its economic stability and strength. This economic dynamism - particularly in Bratislava - should lead to a continuation of recent property price growth, which has averaged between 15-20% per annum since 2006, although growth may be tempered slightly in 2009 by the financial crisis afflicting Western Europe and the United States.

However, as recently as the end of September there was no sign of any impact as a result of the global financial turmoil on future euro zone member Slovakia. In fact unlike the struggling economies of Britain and Spain, Slovakia is, according to the central bank Governor Ivan Sramko, unaffected. Slovakia will adopt the euro in January and according to Sramko, inflation and growth were developing in line with forecasts.

To satisfy the rising demand for new property, Bratislava is experiencing a construction boom that is transforming the city's skyline. It is rapidly being transformed into a modern urban metropolis, surrounding a stunningly historic centre.

Red Tower will be located in the city's new town (Nove Mesto), 10 minutes by car from the historic centre. When complete, Red Tower will incorporate 165 high- standard apartments covering 25,000 sqm with a total of 195 underground parking spaces.

The development is aimed at upwardly mobile professionals who require the latest, modern standards and a base from which to travel to work in locations such as the Kuchajda Business district, just a few minutes walk from the development. In this area, the 20-storey Millennium Towers (1 and 2) provide city headquarters for multinational names such as Orange, T-Mobile and IBM.

20 of the best units in Red Tower have been secured for Property Secrets clients with exclusive prices starting at just €125,820 including a 3.8% discount on the developer's list price providing locked-in equity from the outset.

Payment terms are 20% on exchange (less SKK100,000 reservation fee + VAT) and 80% following completion in Q1 2010 - these have been negotiated down from the staged payments being offered to the local market.
Until 2007 the market for new high standard apartments in Bratislava was largely unproven. However, it has since become clear that demand is exceptionally high for both rental and resale in this sector as the market begins to diversify. Average gross rental yields in the Nove Mesto are 8.2% for studios and one bed apartments according to our research of the local market.

17 of the 165 units at Red Tower have already been reserved by local buyers revealing the extent of demand and the huge appetite for units at the full market price approximately 16 months from completion.
In April this year the Slovak Spectator - a leading national newspaper - reported how apartments "at future swanky addresses have been selling briskly".

Without doubt, Red Tower will be one of the most prestigious development in the Nove Mesto district and the size, scale and exceptional design of the development is unlikely to be repeated in this area of the city .
We believe that Red Tower is a truly unique opportunity to invest in one of Europe's fastest growing cities at exceptional prices.

Polus, one of Bratislava's largest shopping centres and the first of its type in the city when it opened its doors in 2000, is just 1 kilometre from the development. Close by, the popular recreation area surrounding Kuchajda Lake is also a major attraction.

We forecast prices in Bratislava will have risen by 15 to 20% by the end of this year (2008) extending a 3-year period of consistent double-digit growth year-on-year.

Growth in the new build sector is likely to be stronger still, particularly for developments in prime locations like Red Tower. Our research shows that prices are affordable to those on average incomes in the local market and demand is likely to be high as a result.

Price growth in Bratislava was a very strong 20% in 2007. We forecast that exceptionally strong economic fundamentals - high GDP growth, low inflation and increasing FDI - will underpin this price growth over the medium term at least. We also believe this market has reached the level of maturity and wealth necessary to sustain high demand for the kind of property offered at Red Tower.

All of which makes Red Tower a solid, blue-chip investment opportunity in the capital of a country preparing to join the Eurozone in January 2009.

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