Slovenia Property
Since throwing open its doors to foreign property buyers in 2004, the market for Slovenia property has been a busy one. And, if the recent glowing press coverage is anything to go by, there's still have plenty of opportunity to bag a cheap property in Slovenia .
In order to purchase a Slovenia property, buyers must have an EMSO number (a type of identification number). Once you have found the appropriate property in Slovenia and had an offer of acceptance, a deposit of 10 per cent is payable.
All documents and contracts will need to be translated into English and should be examined by a lawyer. Buyers of Slovenia properties are advised to seek legal representation. If you are unable to be present to sign contracts, a notarised power of attorney can be present on your behalf. The cost of this is around 1 per cent of the purchase price of the property in Slovenia.
Agency fees cost around between 2-4% of the value of the Slovenia property; stamp duty is payable at 4% and can be split between buyer and seller of the property in Slovenia. Slovenia property transfer tax is around 2% and capital gains tax is charged at 20%, and zero-rated after 20 years.
A structural survey is not automatic but should be undertaken unless the value of the property in Slovenia for sale doesn’t warrant one.
Mortgages are now available to foreign nationals to buy property in Slovenia. SKB Banka offers 50 per cent mortgages, Volksbank 65 per cent, secured on your Slovenia property, not on your home in the UK.
Some information contained herein may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and/or financial advise from a qualified professional.
