In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
Stays in Slovenia are governed by the Foreigners Act (Zakon o tujcih), in force from 5 June 1991. The procedure of nationality acquisition is described by the Citizenship of the Republic of Slovenia Act (Zakon o državljanstvu Republike Slovenije), in force from 5 June 1991.
Buyers of Slovenian property pay a 2% purchase tax and a registration tax ranging from 0.01% to 0.50%. The annual property tax rate ranges between 0.1% and 1.0%.
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Money is flooding into European commercial property markets. This article by Tranio expert, Yulia Kozhevnikova, reviews the top trends, destinations and segments to look at this year.
Tranio manager, Inna Opalyk, has returned from Slovenia where she explored all the main resorts, visited the capital and even checked out some property listings.
A more robust economy and falling unemployment in the European Union, along with cheap mortgages has increased demand for property, leading to price overall growth.
Most overseas property buyers are over 55 and already planning real estate succession before they sign the sales contract.
Dmitry, a Tranio client, has a business in Slovenia and children to educate. He tells us how, by buying a flat in Ljubljana, the country’s capital.