The Quick Guide on How To Buy Property In Slovakia
According to the latest research, Slovakia has been one of the most prosperous countries in terms of quality of life. It has an excellent natural environment, good living conditions, and strong employment prospects.
What Type of Property Can Be Bought?
The decision to buy property in Slovakia is a perfect investment for foreigners. Foreigners can choose from a wide range of property types. There are some variations:
- resort property or apartments for rent;
- a house/apartment for temporary or seasonal residence;
- purchase or obtaining a multiple-entry visa and further integration into the European Union;
- commercial property for your business.
The buyer can get a professional consultation on the property’s suitability, payment ability, and other aspects on the website.
Real Estate Market In Slovakia With Prices
Slovakia is one of the countries where you can buy good property without paying a million dollars. The prices here aren’t high, they aren’t going up, like in other European countries. According to the statistics, the property prices in Slovakia have increased only 3 times in the last 10 years. Compared to other countries, this figure is relatively low. For example, the cost per square meter was close to €2777. It is almost half as much as in France.
The most expensive real estate is in Bratislava, with an average price of €1,400 per square meter. However, on the outskirts, it's easy to find apartments or houses for around €1,200 per square meter. So, buying property in Slovakia is a perfect proposition for people with different capabilities.
The Process Of Getting Property
First, confirm your budget with the property you have in mind. It is better to consult with experts. They will help and instruct the client on property prices in Slovakia. After the consultation and choosing the best variant, the next and most crucial part is documentation. The documents include the seller's property list and have been checked for pledges, lawsuits, and debts. After the contract is concluded, a standard deposit is paid. It is deposited into a special, secured account. It makes the process safe and secure.
It is worth noting that the registration process in Slovakia is quick and inexpensive. For example, the standard registration time is 30 days and costs about €100.
