Diversification rationale

 EstoniaHungaryCzech RepublicLatviaSpain
Investment profile Defensive investment with still growth potentialValue add investmentCore investment in stabilized assetsDefensive investment with a large growth potentialHigh yield and value add investment
Potential of capital gain over 8-12 years*25-50%50-75%0-25%Up to 80%Up to 100%
Maximum bank financing in % of acquisition price0%50%0%0%50-60%
Minimum equity to invest150 K€75 K€200 K€120 K€50 K€
Capital gain tax0%0%0%20%19%
Rental yield5-6%5-7%3-4%5-7%10-15%

* 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