Buying Property in Slovakia
As with many European countries
Slovakia has a similar process when it comes to buying
a property there. As a new EU member the property market
of Slovakia is open to all other citizens of EU. The
only restriction Slovakia has imposed is on agricultural
and forestry land.
The process of buying is simple.
Once you have picked the property you want to purchase
and the seller accepted the price,
a deposit payment will be required to secure the property. The value of deposit payment can vary and depends on the seller's requirements
Before you deposit the required payment
onto Slovakia Property's deposit account we will request
you to sign and return our reservation agreement. You
will have 14 days to change your mind at which stage
we will refund you your full deposit payment less £50
cancellation fee. Please be aware that once the 14 days
period elapses we will not be able to refund your deposit
payment.
If you are happy to go ahead with
the purchase process we will send you our agency agreement
where all costs will be set and agreed. We will keep
you informed of any additional costs which might be
incurred through your purchase process. Once the contracts
are signed by both parties and price is settled in full,
you will then receive a notification from Cadastral
office that the property title has been transferred
to your name. When you receive your title deeds we will
assist you in transferring the utilities and registering
your property with the local council for annual property
tax.
Mortgages
Slovak banks require the following documentation when purchasing Slovak property
either as a foreign individual or Slovak national.
- Proof of address
- Passport
- 6 months recent bank statements
- Proof of income (form provided in English)
- Proof of employment abroad (Only full time employment will be considered)
- If you are self-employed you will need to provide at least two years tax returns and accounts, it is also recommended you have a guarantor for the mortgage.
Each client is assessed by the chosen bank individually. We have teamed up with a reputable UK based mortgage broker whom have an extensive database of mortgage offers and offer a professional and efficient approach to client's requirements.
To get pre-approved for a mortgage in Slovakia contact us.
Other useful information
The cadastre holds all the relevant information about
the legal state of the property. If there are any legal
disputes the registry will hold all that information.
Currently all Slovak agencies ask the seller to provide
this paper before they want to sell their property.
This can not be older than 3 months so you can be pretty
sure the property you acquired is not undergoing any
legal disputes.
When purchasing an apartment there is a monthly fee
called 'najomne' which usually covers the use of water
supply and hot water and heating usage, as well as other
minor expenses such as communal electricity usage and
lift usage etc. The newly build apartments have separate central heating systems to allow owners to control the costs direct The electricity is provided by the
national Slovak electricity company and the gas is through
Slovenske plynarne Gas Company.
If you are planning to renovate a flat, it is always
advisable to apply for permission before any work has
started. We can advise you further if you are interested
in renovation. Alternatively contact one of our preferred
renovation partners from the Services page.
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