Slovakia Property Market - Buyers Guide

SLOVAKIA PROPERTY - BUYING PROCESS

Buying Slovak property on the primary market (offplan)

Choose your apartment
Engage lawyer (who will arrange the contracts and perform checks)
Pay legal fees
Sign reservation contract and pay reservation monies (sometimes this step is missed out goes straight to step 5)
Sign Future Purchase contract and pay deposit monies (minus reservation monies)
Around 4-6months before completion arrange a mortgage (if required)
Sign Purchase contract (with lawyers help) and pay remaining monies (perhaps with mortgage help)

Buying Slovak Property on the secondary market (resale)

The process is broadly similar to the above, except that there is usually only a reservation contract and no future purchase contract.
Also, if you require a mortgage you may need to perform the process more quickly (eg within 2 months).

SLOVAKIA PROPERTY - BUYING COSTS

Slovakia has low buying costs (making buying and selling property quite an efficient transaction).

Some costs to consider are:

Legal fees - typically 1,000 Euro
There are no purchase taxes on property in Slovakia