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Real estate investment in Slovakia

Foreigners can freely buy, rent out and sell real estate in Slovakia.

Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 2%. Five years ago, an apartment of 100 m² cost an average of €153,000, and today it is sold for €228,000.

€2,283 Average price per 1 m²
of housing in Slovakia
2% Average price per 1 m²
increase per quarter
0,01—2% Buyers’ related expenses,
of the transaction amount

Cost of a 3-bedroom apartment in Slovakia

€1.3 million

Penthouse in Bratislava,
in a new residential complex
in the prestigious Staré Mesto district, overlooking the historic
city centre

€500,000

Apartment in Bratislava,
in the Nové Mesto district,
in a 10-minute drive from the centre

€200,000

Apartment closer to the outskirts
of Bratislava

What do investors buy?

The most expensive real estate in Slovakia is in the capital, Bratislava.

Apartments

  • apartments
  • studios

Houses

  • mansions
  • villas

Slovakia residence permit or citizenship by real estate investment

Obtaining a Slovakia residence permit or citizenship is not connected with purchasing real estate.

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Taxes and associated costs

Purchase
Ownership
Sale

Buyers of real estate in Slovakia pay a mandatory notary and registration fee. The associated costs will amount to approximately 0.01% to 2% of the purchase and sale agreement value.

When buying a new apartment worth €250,000, the investor will spend €255,000, including additional costs.

0.01—2% Of the contract value are related costs for the purchase of housing in Slovakia
Purchase expenses
Notary and registration fee
0.01—1.5%

Of the transaction amount

Legal support of the transaction

A lawyer is not necessarily required

0.45%

VAT included

Taxes

Owners pay an annual property tax of €0.033 per square metre.

The income from renting real estate in Slovakia is subject to a 19% income tax.

€1,992 Approximate annual costs for
maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection
€120—260 

per month

Internet, TV and telephone
€12—25 

per month

If the seller has owned the property for less than five years, they pay a capital gains tax of 19% to 25% on the difference between the sale and purchase prices.

The agency fee ranges between 3% and 6%.

0—25% Capital gains tax on the sale of
real estate in Slovakia
Expenses on the sale
Capital gains tax

Paid on the difference between the sale and purchase prices

0—25%
Agency fee
3—6%

Frequently asked questions

Can foreigners buy property in Slovakia?

Yes. Foreigners can buy, sell, and rent out property in Slovakia with no restrictions.

What is the average house price in Slovakia?

The average cost of 1 m² of real estate in Slovakia is €2,283. The most expensive housing is in the capital city, Bratislava, where the average price of a three-bedroom apartment in the centre is €500,000. In smaller cities, for example, in the centre of Presov, a three-room apartment can be bought for €180,000.

Can Americans own property in Slovakia?

Yes. Foreigners, including US citizens, can own, buy, sell, and rent out property in Slovakia with no restrictions.

Are taxes high in Slovakia?

Taxation in Slovakia is relatively moderate. For example, income tax is levied at two different rates: 19% on income up to €37,981,94 and 25% on income that exceeds that. The corporate income tax rate is 21%.

Property owners in Slovakia pay an annual property tax of €0,033 per 1 m². Buyers of real estate in Slovakia pay a notary registration fee of 0,01— 1,5%.

If a real estate seller in Slovakia has owned an object for less than five years, they pay capital gains tax: 19%— 25% of the difference between the sale and purchase price.