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.

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