Why Invest in Property in Slovakia?

Slovakia market continues to develop and reached a stable stage, The residential segment has seen the strengthening of sales versus leasing, fact motivated not only by the mortgage loans input but also by the stronger purchasing power of local individuals. Supply has remained constant, while the overall quality has improved considerably. Further reasons to invest in Slovakia include….

  • Stable market-friendly political environment (the Index of Economic Freedom has risen consistently since 1999)
  • No stamp duty, no inheritance or gift tax and no capital gains tax on apartments held for more than 2 years
  • Since 1 May 2004, foreign nationals no longer need to establish a company to purchase property
  • Mortgage lenders are willing to loan foreigners up to 75% of the property value
  • 25% of income can be offset to cover rental costs
  • Favourable central European location (30 miles from Vienna, 104 miles from Budapest and 200 miles from Prague)
  • Membership of the EU, NATO, OECD and WTO
  • Slovakia will join the Schengen Area in 2007
  • The Slovakian government have come to realise the importance of tourism and how it can help strengthen the economy.
  • The government has implemented a 'Tourism Development Strategy… until 2013' which will increase the already rapidly growing number of tourists entering the country each year.