There was a time, not too long ago, when the Slovenian real estate market was quite difficult and tedious to invest in; however, in 2004 Slovenia became part of the European Union and with this change came a number of changes in the laws that govern the purchase of property by foreign investors or individuals. While the process is certainly not without its challenges, it is now much easier to purchase property in Slovenia.
Prior to 2004, the government of Slovenia required foreign citizens to acquire a reciprocity document that essentially provided proof that a citizen of Slovenia would be able to purchase similar property in the purchasers home state. Without this reciprocity agreement, a foreign individual could not purchase property in Slovenia. Fortunately, in 2004, with their admission into the European Union, Slovenia removed the Reciprocity Act from their requirements for the purchase of property by individuals from other countries. This removed one of the major stumbling points for many investors and people began to see Slovenia as an excellent place to purchase a second home or invest in income property.
Today, the Slovenia real estate market is wide open and offers properties of every type imaginable. Investors or individuals will be able to find many remarkably beautiful areas throughout the country and properties will range from modest single-family homes to extremely luxurious estates, income properties or even properties that are ideal for various business enterprises. Additionally, the selling prices for properties in Slovenia are very comparable with what one might expect in other European countries. With their competitive pricing as well as a wide variety of distinct areas and homes for sale, today’s investors have a wealth of choices when it comes to choosing property in Slovenia.
The best way to locate a property is to work with a local Realtor. This professional provides a valuable service and can guide buyers through the necessary documents and processes needed to complete the purchase of property and have it recorded at the local Land Registry Office.