Real Estate in Slovakia

Slovakia is a young country, which is well-known for its ski resorts and ancient picturesque towns. If you want to get away from hustle and bustle of the city, go to Slovakia, you are sure to like it. In case you are an action man or woman Slovakia is bound to capture your heart by the variety of the kinds of sport it offers. If you buy real estate in Slovakia, you will always be in the money, since the country is visited by great lot of tourists annually, this way it would be quite easy to recover the money you spent on the real estate by leasing it out. Slovakia is the country, where leasing houses out is pretty profitable business. Some of businessmen can try themselves in developing hotel industry in the country.
The first and foremost condition of buying a flat or a house in Slovakia is the existence of a company registered there. In any other case a foreigner wouldn’t manage to buy real estate in Slovakia.

If there is a company, one is required to sign a sale-contract, register the deal notarially and pay special tax. Once you’ve done everything, you become a lawful owner of the flat or house you chose. The property tax would cost you about 150 Eur. a year.

Buying real estate in Slovakia in the initial phase is widely considered to be a beneficial investment. In this case the cost recovery would reach at least 100%.

One of the most popular cities in terms of investment is Bratislava, the capital of Slovakia. Depending on the remoteness from the centre, the price for sq.m ranges from 600$ to 1000$. This city with its pedestrian centre attracts tourists greatly.
If you buy real estate in Slovakia, it’s worth getting a residence permit, which can be received if you have no venereal or infectious diseases, have an account in Slovak bank with no less than 25000$ on it per person and if, as when buying real estate, you have a company registered in the country.