The Property Banks Buyers Guide to Slovenia
The process for purchasing property
is straight forward, simplified greatly when Slovenia joined the EU.
The costs in purchasing are relatively low with the main property
tax levied on the seller. Most costs are also subject to VAT (20%).
Who can buy
On the basis of Article 68 of the Constitution of the Republic of
Slovenia anyone can buy in Slovenia if his or her home country has a
reciprocal agreement with the Republic of Slovenia.
We will help you in arranging your flights and will arrange
transfers to and from Brnik airport and accommodation. Costs are
typically €65 for transfers and €20-€25 per night for hotel
accommodation in a good quality hotel in Postojna.
On the viewing trip our partner will show you around the areas of
your choice and properties that you desire. When you find your ideal
property we will guide you through every step of the purchasing
procedure.
Our partners will help you negotiate a price with the seller
Once agreed you will need to apply for an EMSO number (a registry
number for tax) and apply for a land search (usually taking less
than a week)
Payment is in € (EUROS) and can be conducted from your UK bank.
Aquavista can recommend UK currency transfer agencies.
Although a mortgage is not currently available to foreign purchasers
of Slovenian property, Aquavista is currently working with a UK
International Mortgage Broker and it is expected to have mortgages
available by February 2006.
A translator will translate all the documents including the contract
into English (typically €200)
A notary will conduct the property transaction when you will sign
the contract and the property will become legally yours.
You will need to open a Slovenian bank account in order to pay bills
and yearly taxes.
Purchase Costs
Costs in purchasing a property in Slovenia
Notary Costs
2% Agency Commission
Land register costs
Costs in obtaining tax and register number
Translator 190 Euros
Annual living costs
Yearly Costs for owning a property in Slovenia
Annual Property Tax - varies depending on size of property. A 500sq
m property is typically €50-€100 per year.
Water = 1 Euro/m3 (Guide)
Electricity = 0.1 €/kWh (Guide)
Heating - 2 bed apartment = 60 €/month (Guide)
Public Utility Costs (apartment communal charges) = 20 €/month
(Guide)
Other Information
Residency
Citizens of the EU Member States are not required to hold a visa for
the entry into the Republic of Slovenia. Also, they are not required
to hold a residence permit during the first three months following
their entry into the Republic of Slovenia; however, after the
initial three months, they are obliged to apply for a residence
permit with an Administrative Unit.
The application for a temporary residence permit is submitted to the
diplomatic-consular representative of the Republic of Slovenia
abroad or to the competent authority in the Republic of Slovenia if
the law so provides. The application for a permanent residence
permit is submitted to the administrative unit in the area of
residence of the alien.
The application for residence must be accompanied by proof of
fulfilment of the following conditions. The alien must have a valid
passport, whose expiry date exceeds by at least three months the
intended period of stay in the Republic of Slovenia, an appropriate
health insurance and sufficient means of subsistence during their
stay in the country or must have subsistence otherwise guaranteed.
In order to be granted a temporary residence permit, aliens must
also fulfil one of the purposes stipulated by law, for which they
wish to stay in the Republic of Slovenia. Such legally stipulated
purposes are:
Employment or work
Family reunification
Studies, education, specialization or expert training and
acquisition of practical skills, cooperation or participation in
programmes for international volunteers exchanges and other
programmes which do not fall under the system of formal education.
Other reasons justified by law, international acts or international
principles and customs.
Slovenian descent up to the third lineage of genealogy