Diversification rationale

  Estonia Ukraine Czech Republic Hungary
Investment profile  Defensive investment with still growth potential Opportunistic investment  Defensive investment with still growth potential Value add investment
Potential of capital gain over 8-12 years* 50-75% 100-200% 50-75% 50-75%
Maximum bank financing in % of acquisition price 50% 0% 50% 50%
Minimum equity to invest 50 K€ 100 K€ 50 K€ 50 K€
Capital gain tax 0% 0% 0% 0%
Rental yield 5-7% 9-14% 3-5% 4-6%

* Estimation of potential of growth of value, given GDP growth, living standard and salaries catch up. This estimation is NOT CONTRACTUAL and is only an opinion