Slovenia: A Buyer’s Guide

Slovenia is one of the better-off central and Eastern European nations – it has had a stable economy for a fair while and therefore is considered less risky for foreign property investors than some of it’s counterparts and neighbours. It has also recently had EU accession and with the adoption of the Euro planned, the country is increasingly becoming a target for overseas property investors. With tourists increasing in number, there is good potential for both rental income and return on investment.

Where to Buy in Slovenia
Ljubljana and some of the Aegean coast are the most popular places to buy, although as is to be expected, they are fairly pricey for the country. If you are prepared to take a slightly higher risk, it may be worth looking at some of the ski resorts in the country as these are generally still fairly cheap and with increased tourism to the country, prices look set to rise.

The Buying Process
Since it’s accession to the EU, buying in Slovenia has become a relatively straightforward process however we do advise that you hire a local lawyer who will be able to take you through any regional laws and ensure you complete all the necessary paperwork correctly.

Once you have found a property you would like to purchase and have had an offer accepted, you must apply for an EMSO number. This is essentially a social security number and is more a formality than anything else (you can apply for a Slovene tax number if you do not wish to apply for an EMSO number). At this stage, we would recommend that you check the local land registry carefully as some land titles have become confused over time. Slovenia has an efficient land registry service and you should be able to complete your checks in a couple of days.

A contract is then prepared, and this should include a legally binding translation. The vendor, buyer and an authorised notary should then sign the contract. At this point, the deposit must be transferred across to the vendor – expect to pay in the region of 10-15% of the property purchase price.

Documents will then be sent to the local land registry and the property will then be signed over to the buyer. Service in Slovenia is surprisingly efficient and applications are normally dealt with in around a week. Once the transfer is confirmed, the balance of the property price must be paid.

Expect to budget around 2-5% of the property purchase price for taxes and fees. Agency fees are normally around 2%, with lawyer and notary fees varying from place to place.

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  1. dom | Jan 7, 2010 | Reply

    Slovenia is a small country, but one that encompasses a great variety of environments ranging from the cosmopolitan mix of ancient and modern that is Ljubljana, to the spectacular Alpine ranges in and around the Triglav national park, to the sophisticated Adriatic coast at Portoroz.

  2. Mr Francs | Aug 30, 2010 | Reply

    Hi , i purchased in Slovenia a few years ago.I used a local lawyer who was reccomended.And it took me nearly six years to register. I HAVE NOW CONTACTED THE bar association to make a claim against the lawyer.But to be honest i found the whole experience a nightmare.Also i believe the builders lawyers and real esate agents were corrupt.And the advice i would give any brit wanting to invest in this country. is to be very carefull.And certainly not believe any agent builder or lawyer.As at the moment the property market has collapsed.Kind Regards Francis.

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