Advice On Buying Slovakia Property


by Globespan Property Portal - Date: 2007-07-23 - Word Count: 377 Share This!

Slovakia (Slovak Republic) is a beautiful country right in the heart of Europe. It borders Czech Republic, Austria Poland and Hungary. A land blest with snowy mountains, spas, lakes and wild forests. In contrast you have many towns and cities with ancient monuments and castlesplus the unique culture that is central Europe. The River Danube flows through Slovakia on its route to Vienna and the sea, from the Carpathian Mountains in the north to the fertile land areas of the south west, Slovakia has something for everyone.

Slovakia as a member of the EU has a similar process when it comes to purchasing a property as do other European countries. Once you have found the property you want to purchase and you have negotiated the price with the seller you will be asked to deposit 10 deposit plus any costs are refunded to the buyer. The surveyor when his report is complete will notify your Legal Advisor so he can commence preparing him property sale contract. Both the surveyor's property inspection report and the property sale contract will be translated (so that you are aware of what you are signing) and forwarded to you for signature.

Once this is done the balance of the monies can be released to the seller and the main part of the property process is complete. Within 4 weeks the land registry (Kataaster) will have transferred the property into your name and you will then own a property in Slovakia. It is normal for a prospective seller to obtain information on the legal state of the property they are selling from the Kataaster so that a prospective property purchaser can be sure that there are no legal disputes on that property. This information cannot be more than 3 months old to be valid.

Should you require a mortgage, banks in Slovakia will lend up to 90% of the property purchase price you will have to provide the following information.
Proof of income; Passport; Bank statements for the past 6 months; Proof of income and proof of employment; Self employed need 2 years tax returns and accounts.

These guidelines are meant for guidance only and describe a straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take.

Related Tags: property, advice, directory, properties, guides, buyers, property search, portal, countries, estate agents, slovakia, globespan, slovakia property

John Everitt is a consultant to Globespan European property portal. Please visit our estate agents directory and this Slovakia buyer's guide

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