The real estate market in Slovakia was fully liberalized in May 2014, when the transition period negotiated between Slovakia and the European Union ended (European law requires EU member states not to restrict acquisitions of real property by nationals of other member states, however during EU accession negotiations the Slovak Republic negotiated from this rule the temporary exemption concerning agricultural and forest land).
In general, Slovak citizens, Slovak companies (also with foreign owners), foreign citizens and foreign companies are allowed to purchase and sell real estates in Slovakia, however
- After the end of the above-mentioned transitional period (May 2014); from June 2014, a new set of rules is effective for acquiring an agricultural land which apply to any purchaser regardless of the residency or corporate seat (the details are described below),
- No new rules were introduced with respect of the transferee of forests; therefore, foreign nationals and companies are able to directly acquire forests in Slovakia.
All real estates located in Slovakia are registered in the Real Estate Registry and pursuant to the Cadastral Act, information registered in the Real Estate Registry is deemed reliable and binding unless the contrary is proved.
Download our eBook and find all you need to know about “Real Estate Transactions in Slovakia”!
Find more about the Business Environment in Slovakia:
- Tax Guideline for Slovakia
- Company Formation in Slovakia
- Labour Law and Employment in Slovakia
- Transfer Pricing Overview for Slovakia
- Tax Calendar for Slovakia