Home Property in Slovakia
How to buy a house in Slovakia?
Here you will find the detailed information about real estate purchasing in Slovakia:
- the right way to choose the property and to effect the deal;
- property taxes and duties that should be paid;
- everything about home loans in Slovakia;
- home property management and renting;
- rental, commercial properties and related investment properties.
Real estate for sale
Most recent offers from house owners in Slovakia and from real estate agencies. Advertisements with the fixed price and auctions are listed here.
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In 2013, Slovakian real property became slightly more affordable, than in the previous year. Now the average local price for a square meter is around €1240. But prices for property, located in different parts of the country, still vary significantly. For instance, prices in the western region of Nitra amount to €588 per sq. m., while prices in the capital are €1670 per sq. m. A cheap 80 sq. m. apartment in Nitra can be purchased for €40 000, while a 50 sq. m. apartment in Bratislava costs around €80 000. A 100 sq. m. private house in the capital is worth €70 000. A 500 sq. m. villa in Trnava region goes for €130 000. Price for a 90 sq. m. premium apartment in the downtown of Bratislava is approximately €300 000. A prestigious 1000 sq. m. villa in the vicinity of the capital costs nearly €1 500 000. A 1000 sq. m. hotel in Kosice region can be purchased for €350 000. A 400 sq. m. office in the heart of Bratislava costs around €660 000. A luxury 900 sq. m. hotel in Bratislava amounts to €6 000 000.
Real estate acquisition in Slovakia is available for its residents and foreigners; as well as legal entities and private individuals.
How to purchase real property in Slovakia
The purchase process is typical and consists of several steps:
1. Property selection.
2. Signing a preliminary agreement and paying a deposit. Preliminary agreement testifies buyer’s readiness to purchase the object. This document should contain the following information: property information, method and other terms of payment, personal information of both buyer and seller. Agreement should be signed in the presence of a notary.
3. Opening an account in a local bank. Transaction amount may be transferred either to buyer’s account, opened for this purpose, or to a special notary account.
4. Signing a sale and purchase agreement, and paying the remaining transaction amount.
5. Registration of property in Slovakia. Documents for registration are submitted to the relevant authorities by a notary.
Investments in real property in Slovakia are liable to the following taxes and duties:
- stamp duty – €250;
- bank fee – €350;
- notary fee – not less than €500.
There is no real estate purchase tax in Slovakia.