Real Estate in Slovakia
Last updated on Oct 13, 2023
Summary: An expat looking to buy a home in Slovakia should begin by researching the local real estate market. They should look for listings on websites such as Realit.sk, Zoznamreality.sk, and Reality.sk. It is also a good idea to contact a local real estate agent who can provide more detailed information about the properties available. Homes in Slovakia typically include amenities such as central heating, air conditioning, and modern appliances. Many homes also have balconies, terraces, and gardens. Foreigners are allowed to purchase property in Slovakia, but there are some restrictions. Non-EU citizens must obtain a residence permit before they can purchase a property. EU citizens are allowed to purchase property without a residence permit.
How do I find a place to live in Slovakia?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Slovakia is to use online resources such as real estate websites. These websites typically list available properties in Slovakia, including apartments, houses, and other types of dwellings. Additionally, you can search for rental properties on classifieds websites such as Craigslist or Gumtree. You can also contact local real estate agents who can help you find a suitable place to live. Additionally, you can ask friends and family who live in Slovakia for advice and recommendations," explained one person living in Slovakia.
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What is a typical expat home or apartment like in Slovakia?
"Expat homes and apartments in Slovakia tend to be modern and comfortable, with plenty of natural light and open spaces. Many expats choose to live in larger cities such as Bratislava, where they can find a variety of housing options, from luxury apartments to more affordable options. Expats can also find homes in smaller towns and villages, where they can enjoy a more relaxed lifestyle. In general, expat homes and apartments in Slovakia are well-equipped with modern amenities, such as high-speed internet, air conditioning, and modern appliances," explained one person living in Slovakia.
What is the average cost of housing in Slovakia?
If you are thinking about moving to Slovakia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Slovakia is generally considered to be quite affordable compared to other European countries. Prices vary depending on the location and size of the property, but generally, a one-bedroom apartment in a city centre can cost around €400-600 per month, while a three-bedroom apartment in a suburban area can cost around €600-800 per month," said one expat in Slovakia.
Should I buy or rent a home in Slovakia?
If you have not spent a lot of time in Slovakia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Slovakia can be a great investment, as the country has a strong economy and a growing real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and other fees. Additionally, it is important to consider the length of time you plan to stay in Slovakia, as buying a home may not be the best option if you plan to move in the near future. Renting a home in Slovakia can be a great option for those who are looking for a more flexible living situation. Renting can provide more flexibility in terms of location and cost, and it can also be a great way to get to know the area before committing to a purchase. Ultimately, the decision to buy or rent a home in Slovakia should be based on your individual needs and preferences," said one expat who made the move to Slovakia.
What do I need to know when buying property in Slovakia?
When we asked expats what advice they would give a foreigner before buying a property in Slovakia, they said:
"1. It is important to research the local market and understand the legal requirements for purchasing property in Slovakia. 2. It is advisable to seek legal advice from a qualified lawyer who is familiar with the local laws and regulations. 3. It is important to ensure that the property is free from any encumbrances or liens before making a purchase. 4. It is important to obtain a title deed for the property, which will provide evidence of ownership. 5. It is important to be aware of any taxes or fees that may be applicable to the purchase of the property. 6. It is important to ensure that all necessary paperwork is completed and submitted to the relevant authorities in order to complete the purchase. 7. It is important to be aware of any restrictions or regulations that may apply to the use of the property. 8. It is important to be aware of any potential risks associated with the purchase of property in Slovakia," explained one expat in Slovakia.
Are foreigners allowed to own property in Slovakia?
When we asked expats what advice they would give a foreigner before buying a property in Slovakia, they said...
"Yes, foreigners are allowed to own property in Slovakia. Non-EU citizens must obtain a residence permit in order to purchase property in Slovakia. EU citizens are allowed to purchase property without a residence permit. However, they must register with the local authorities and provide proof of their identity. Additionally, foreigners are subject to the same taxes as Slovak citizens when purchasing property," explained one expat in Slovakia.
What appliances are typically included in a rental?
We asked foreigners in Slovakia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Slovakia, rental properties typically include a refrigerator, stove, oven, washing machine, and dishwasher. Other common appliances may include a microwave, toaster, and coffee maker. Depending on the property, some landlords may also provide additional items such as a vacuum cleaner, iron, and ironing board," explained one expat in Slovakia.
Additional Information about Searching for a Home in Slovakia:
We asked foreigners in Slovakia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Slovakia by looking online for real estate websites that specialize in the area, such as Slovakian property portals, or by contacting local real estate agents who can provide more information about the local market. Additionally, expats can search for homes in Slovakia by attending open houses or by networking with other expats who may have knowledge of the local housing market," wrote one expat who made the move to Slovakia.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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