New builds in Slovenia
Location, climate, and economy
Slovenia (officially the Republic of Slovenia) is a country in the south of Central Europe, located at the crossroads of important cultural and trade routes. It is bordered by the Adriatic Sea, borders with Italy, Austria, Hungary and Croatia. The country is a member of the European Union, the United Nations and NATO.
The climate is temperate continental in the interior and Mediterranean on the coast. Winter is mild (average temperature in January is from 0 to -2°С in the foothills, from -4 to -6°С in the mountains), summer is moderately warm (average temperature in July is 19-21°С in the foothills, 15-17°С in the mountains), the spring is cool.
Slovenia is one of the best industrialized republics of the former Yugoslavia. It has one of the highest GDP per capita in Central Europe (GDP growth forecast in 2022 is 3.7%).
The leading industries are metallurgy, electronics and vehicles. The bulk of the income, in addition to industry, brings highly efficient agriculture. Tourism is well developed in the country.
Slovenian New Construction Market
Slovenia is considered a popular place to buy real estate due to its ideal location and incredible natural beauty. A modern trend in the country's new-build market, which is rapidly developing, is the purchase of holiday homes. There are not so many new housing in Slovenia, it is in high demand due to the possibility of obtaining a mortgage for purchase.
Today, real estate from a developer in Slovenia, located by the sea, mountain and balneological resorts, is the most popular due to the high profitability from leasing and reselling these projects (the cost of such properties increases by 2-3% annually). Many investors are also counting on the profitability of Slovenian commercial real estate.
According to the Chamber of Commerce and Industry of the country, the real estate market is growing from year to year, residential complexes in Slovenia are being built steadily. The state is actively attracting new developers for the construction of new builds and land development. Residential construction activity continues to grow (over the past year, the number of building permits issued has increased by 2.8%).
Investors who want to open a business or get a job seek to buy an apartment in the capital of Slovenia, its business and tourist center. The popularity of some areas is also due to the developed infrastructure and the European standard of living.
Prices for apartments in a new build in Slovenia
The cost of real estate in Slovenia has been steadily growing over the past few years, and this dynamics has not changed during any of the global crises. At the same time, relatively low prices compared to other countries, both the EU and, of course, the US or the UK, distinguish the country from long-term investment decisions.
Prices in the country for residential real estate vary depending on the region. The main factor affecting the cost of objects is the proximity to the capital, the sea or resorts. The cost of a new build for sale in Slovenia is 35-40% more expensive than apartments on the secondary marketFor example, the most expensive new builds for sale are located in Ljubljana and on the coast, in Piran and Portoroz, followed by Maribor and Celje.
The average cost per square meter in the country is 2,300 euros, apartments in the center of Ljubljana - 3,600 euros, on the outskirts of the capital and in small towns - 1,450 euros.
Objects located on mountain lakes or ski resorts will cost an average of 4,000 euros per 1 sq.m. (these are new homes for sale with excellent layout and decoration).
The average cost of primary real estate in the country is 125,184 thousand euros.
Slovenian real estate in a new home(types)
Potential investors can choose the following types of real estate in the new homes for sale:
- residential (apartments, villas, houses, townhouses, penthouses, holiday homes, etc.);
- commercial real estate (offices, bars, restaurants, hotel and tourist complexes, retail premises, etc.).
How to buy an apartment from a developer in Slovenia: the nuances of investing
The possibility of buying real estate for foreigners is strictly regulated at the level of the country's legislation (the Constitution of Slovenia restricts the rights of foreigners to acquire land and real estate in property). Accordingly, a foreigner who does not have the citizenship of a country, the EU or the USA can buy an apartment in Slovenia in a new home only for a legal entity registered in the country.
The main stages of the purchase procedure:
- Search and selection of an object.
- Signing a contract with a real estate agency.
Registration of a legal entity (if it has not been registered before).
Most often, for the purposes of acquiring real estate, a limited liability company is registered, where the director or co-founder can be a foreigner buying real estate. Important aspects of the execution of the transaction are:
- the process takes place with the approval of the Slovenian notary;
- at the stage of signing the contract, the seller usually pays the buyer a part of the value of the property (“ara” - a deposit of 10%);
- the transaction ends with the transfer of the balance of funds from the account of the legal entity-buyer to the account of the seller.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment according to the individual parameters of the client. The purchase and sale of new developments in Slovenia is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Purchasing apartments from a developer in Slovenia is a profitable investment in order to receive a stable rental income, start your own business, relax in ski resorts and live near the sea coast in a developed European country.