As we explore the prospect of investing in Slovenian real estate, here's a brief yet comprehensive guide for potential buyers;
Since 2004, EU citizens can purchase properties without restrictions, while non-EU citizens face specific procedures, especially for agricultural land.
To kickstart the process, obtaining a tax number and EMSO number is crucial and takes around three days. Engaging the services of a licensed and registered real estate agent is highly recommended, considering the regulations introduced in 2003. These agents are now required to pass exams, ensuring a certain level of competence in their work. The agent facilitates communication between the buyer and seller, presenting offers and assisting in the preparation of the preliminary contract, which involves a 10% deposit upon signing.
Financially, consider transfer tax, VAT, registration fees, notary fees, and real estate agent fees. Registration fees, not exceeding 0.50% of property value, cover Land Registry and translation costs. Notary fees vary with property value, and real estate agent fees, capped at 4%, plus 20% VAT, are typically split between buyer and seller.
For taxes, a 2% real estate transfer tax applies to second-hand properties, while VAT is levied for other purchases.
Therefore, with a timeline of 35 to 64 days, the Slovenian Real Estate process appears both manageable and transparent.
Source: https://www.globalpropertyguide.com/europe/slovenia/buying-guide
