Spectator on facebook

Spectator on facebook

Foreigners buying Slovak real estate

FOLLOWING Slovakia's entry to the EU, the number of foreigners buying Slovak real estate has risen, the SME daily wrote.

Limitations on what Slovak real estate foreigners can buy remain only in the area of agricultural and forest land. Flats and houses, however, can be sold without restrictions. These commodities are particularly popular with British and Irish nationals, who often finance their purchases with mortgage loans from Slovak banks.

Jozef Šimek of the Lexxus real estate agency said that demand for new flats in Slovakia's capital city remains high, and outstrips supply by 40,000 to 50,000 units. In his opinion, the prices of new flats in Bratislava will continue to rise.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico

Ecocide! How Slovakia destroys its national parks

Officially, the number of forests in Slovakia keeps growing but satellite shots of the national parks evoke horrors.

logging at Muránska Planina