Home » Slovakia » Slovakia – Buying Property

Slovakia – Buying Property

Legal Restrictions on Property Ownership by Foreign Nationals in Slovakia

In Slovakia, there are no restrictions on the ownership or sale of property by foreign nationals. Both EU and non-EU citizens can buy and own property in Slovakia without restrictions, as long as they have a valid address in Slovakia and meet the standard requirements for property ownership.

Average Property Prices in Slovakia and Variations by Region

The average property price in Slovakia varies depending on the location and type of property. As of 2021, the average price of an apartment in Slovakia is around EUR 70,000, while the average price of a house is around EUR 100,000.

Prices in cities like Bratislava and Kosice tend to be higher compared to other regions in Slovakia, while prices in smaller towns and rural areas tend to be lower.

Popular Locations to Buy Property in Slovakia

Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month

Unsubscribe any time. We respect your privacy - read our privacy policy.

The most popular locations for property buyers in Slovakia are:

  • Bratislava: The capital city of Slovakia and a major center for business and culture, with a high demand for residential properties.
  • Kosice: The second largest city in Slovakia and a popular destination for property buyers, with a growing demand for residential and investment properties.
  • Tatra Mountains: A popular tourist destination and ski resort, with a high demand for holiday homes and investment properties.

Upcoming Areas for Property Investment in Slovakia

New upcoming areas in Slovakia that are attracting attention for property investment are:

  • Nitra: A city in western Slovakia, known for its historical monuments, cultural heritage, and universities, with a growing demand for residential and investment properties.
  • Presov: A city in eastern Slovakia, known for its cultural heritage, universities, and business opportunities, with a growing demand for residential and investment properties.

New Trends in the Property Market in Slovakia

There are several new trends in the property market in Slovakia:

  • Rise of eco-friendly homes: The demand for eco-friendly homes, with features such as solar panels, green roofs, and energy-efficient heating systems, is growing in Slovakia.
  • Increase in demand for holiday homes: With the growing popularity of Slovakia as a tourist destination, there has been an increase in demand for holiday homes and investment properties in popular tourist areas.
  • Focus on accessibility: With the growing importance of connectivity and accessibility, properties located near major roads, public transportation, and airports are becoming more popular in Slovakia.

Is Buying Property a Good Investment in Slovakia?

Whether buying property is a good investment in Slovakia depends on several factors, such as location, type of property, and the current market conditions. In general, properties in popular locations and well-connected areas tend to appreciate in value over time.

However, investing in property involves significant costs and risks, and buyers should carefully consider their financial position and goals before making a purchase.

Common Property Types in Slovakia

The most common property types in Slovakia are:

  • Apartments: The most common type of residential property in Slovakia, with a wide range of options, from studio apartments to larger units.
  • Houses: A popular type of residential property in Slovakia, with options ranging from small single-family homes to larger multi-story homes.
  • Villas: A popular type of residential property in Slovakia, especially in popular tourist areas, with options ranging from traditional villas to modern luxury homes.
  • Land: A popular option for those looking to build their own homes or invest in property development projects in Slovakia.

Typical House Buying Procedure in Slovakia

Finding a Property
The first step in buying a property in Slovakia is to find a property that you are interested in purchasing. You can use a real estate agent to help you find a property that meets your needs, or you can search for properties on your own.

Surveys and Inspections
Once you have found a property, it is recommended that you have a survey or inspection carried out to assess the condition of the property. This will help you determine if there are any issues with the property that may need to be addressed before you purchase it.

Making an Offer
If you are interested in purchasing a property, you will need to make an offer to the seller. This is usually done through your real estate agent, who will negotiate with the seller on your behalf.

A notary is not required in Slovakia to complete the purchase of a property. However, it is recommended that you have a lawyer represent you in the purchase process.

Exchanging Contracts
The final step in buying a property in Slovakia is to exchange contracts with the seller. This is usually done through your lawyer, who will ensure that all of the necessary paperwork is in order.

Reputable Lawyer

To find a reputable lawyer in Slovakia when buying a property, you can ask for recommendations from friends, family, or other expats. You can also check online reviews or ask for recommendations from your real estate agent. Lawyers in Slovakia typically charge between €200 and €800 for their services. They do not need to be a member of a particular professional organization.

Pitfalls and Problems

There are several problems expats often encounter when buying a property in Slovakia. These include:

-Language barriers
-Difficulty navigating the legal system
-Lack of knowledge about the local property market
-Difficulty understanding the local culture and customs

Purchasing Property Through a Company

It is possible to purchase property through a company in Slovakia, but it is not necessary. This option may be desirable for some people as it provides additional legal protection and can make the property purchasing process easier.

Latest Videos

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.