Are you considering buying land in Slovakia? Whether you are a local or a foreign investor, this guide will walk you through the essential steps of purchasing property, from legal verification to signing a purchase agreement.
1. Verifying Legal Status in the Land Registry
Before signing any contract, it is essential to verify the legal status of the land in the land registry. However, the portal https://zbgis.skgeodesy.sk/ is currently not functioning, so I am happy to assist you as an expert in this field. It is important to check the ownership, encumbrances, or easements to avoid potential complications. Besides the legal status, it is also necessary to verify the actual condition of the land on-site to ensure its accessibility, boundaries, and possible uses.
2. Land Purchase Options for Foreigners
Can foreigners buy land in Slovakia? Yes! In Slovakia, foreigners can buy land without any restrictions, including both building and agricultural land. Citizens of European Union and OECD countries can acquire all types of real estate under the same conditions as Slovak citizens.
3. Purchase Agreement
A legally binding purchase agreement is required to complete the transaction. The contract must include all the essential elements as required by the Cadastral Act and the Civil Code.
After signing the contract, an application for registration of ownership rights in the land registry is submitted, and the owner acquires the property upon its registration. The cadastral office has 30 days to make a decision. The purchase agreement can also be concluded remotely, with signatures verified and documents sent by mail.
4. Conclusion
Why invest in land in Slovakia? Buying land in Slovakia is an attractive investment due to its stable real estate market and growing development opportunities. However, the process requires thorough preparation and knowledge of legal regulations.
As a lawyer specializing in real estate law, I am happy to assist you throughout the entire land purchase process – from verifying legal status to drafting contracts and representing you in cadastral proceedings. Contact me today for expert legal assistance and ensure a smooth and secure property transaction!
