Finding the Right Slovenia Property for You

By: Kelly Price

Slovenia property has been forecast to grow by 280% over the next decade and has been named one of the top ten investment property destinations in the world. Here we will look at how to choose a Slovenia estate agent and a property that's just right for you...

Go Direct

there are lots of "middlemen" offering Slovenia property for sale and most are not regulated by local law. You should only deal with a regulated Slovenia estate agent who will govern by a set of rules and regulations to make sure you receive the best possible service from them.

Local Knowledge

Many companies that act as middlemen are interested in selling their own properties on which they have the highest profit margin. These may of course not be the best properties for you, in light of your objectives and investment aims.

Use an estate agent which knows the areas you are looking at buying in and make sure they have in depth local knowledge.

What do you Want?

What actually do you want from your property in Slovenia? Are you buying for capital growth, rental income, or a combination of the two?

Try and match your objectives with a location that can deliver what you want and find an agent to help guide you and find the best properties.

You should not simply rely on the agents view or a written report. As with any form of property buying, you should go to the area and see it for yourself. Make sure you do your research and that means a visit to the area you are buying in.

Don't put all your eggs in one basket, try and look at a few different properties on your visit and maximize your time.

The Buying Process

Will take around a month to complete and is relatively straightforward. Please find below a summary of the process of buying property in Slovenia

On any property you will need to pay a 10% deposit which if the seller decides not to proceed (for any reason whatsoever) then you will receive double your deposit back from the seller - this is required under local law. If you decide not to proceed, the seller will keep the 10% deposit you put down.

Mortgages are now available to foreign nationals and most Slovenia estate agents will be able to arrange finance for you. SKB Banka are now offering 50% mortgages, secured on the Slovenia property itself not on your other investment properties or principle residence.

When you buy your property you will need to produce your passport and obtain yourself a tax number, as well as an EMSO number, both are needed to complete any property purchase. This should take about a week.

Make sure you use a local Lawyer to check all paperwork, ownership details and contracts, who is familiar with local laws and regulations and don't try and do it yourself. While an additional expense its money well spent and can save you money and problems further down the line.

Exchange Rates

When completing the purchase you will need to convert your funds to local currency and you should shop around there are dramatic differences in rates. There are also many specialist foreign exchange companies to help you and in many instances they will probably offer you a better rate than your bank.

You should set up a local bank account, so you can meet all your obligations easily when you're out of the country. Accounts can be done on the same day and all you will need is your passport and acceptable ID.

Property Management

You can also get Slovenian estate agents who offer a management service to deal with rentals and tenants while you are out of the country making sure the property is making money and is looked after.

There are plenty of Slovenia estate agents offering Slovenia Property for sale and choosing the right one is essential in terms of - maximizing your investment and making sure it's a lucrative and enjoyable purchase.



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