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REAL ESTATE IN SLOVENIA National treatmentForeign legal entities established in Slovenia benefit from a national treatment regime with regard to the acquisition and ownership of real estate. Businesses incorporated or founded in Slovenia have the same purchase rights and rights to the use of land and natural resources as those enjoyed by Slovenian enterprises, regardless of the amount of foreign-owned share capital. Businesses not incorporated or founded in Slovenia have the same rights if they have subsidiaries/enterprises based in the EU and all transactions are justified by the primary activity of the business. Real Estate market Activities in the Slovene real estate market have been on the rise since the mid 90’s. The process of denationalization brought substantial increase in supply of various kinds of commercial and non-commercial real estate, which was met by the every day growing demand. By the date Slovenia is flooded with more than 600 real estate agents and is fully opened to foreign capital. Three categories of real estate most interesting to foreign investors would be industrial land, commercial property and tourist oriented real estate. Industrial land By the latest survey conducted by the Ministry of Economy Slovenia has around 350 business zones ranging from 1 to up to 400ha in size. Smaller zones (20ha or less) are mainly of local importance, though opened to larger projects. Industrial land (20 to 50ha) located near main transport routes is already considered as being a pinpoint for regional development. Slovenian Government has adopted a Resolution on National Development Projects for the Period 2007-2023 which includes 9 logistical centres of national importance to be developed on strategic locations near state boarders, directly on distribution lines. All industrial land is available to foreign investors. Commercial property For the last decade Slovenia has been facing a great demand for (low cost, standard and luxury) residence space, mostly apartments in the urban regions. Since this trend is not likely to overturn for some time, investment projects in this field are highly profitable. In recent years Slovenia is also experiencing a large number of EU member states citizens buying property for personal use. Another field that is booming at the moment is quality office space. With notable growth of the economy, more and more businesses are expanding and numerous projects for business premises are underway. Ljubljana, being the capital of Slovenia, is mostly affected. Projects in tourism Slovenia has a lot to offer in the sense of tourism. Apart from constant expansion of accommodation capacities (hotels, thermal and sea side resorts, ski centres), Slovenia is turning in the direction of restoration and revitalization of castles and mansions with surrounding parks that can be used for luxury hotels or recreational areas. Key business locations Slovenia has recently developed a number of sites of interest to industry where foreign companies can start up operations as a green-field investment. The main actors in the development of land for industry in Slovenia are local authorities and regional development agencies. A number of private initiatives have also entered the frame recently. Most of the newly developed industrial zones in Slovenia are located close to rail lines and with direct access to main roads or the highway cross. Infrastructure is mostly well developed and access to service connections is also available. In some cases, prices for fully serviced industrial land in industrial zones in Slovenia are very low, especially for strategic investors; this is due to the fact that infrastructure and land costs are frequently subsidised by municipalities and the state. Local authorities' main goal regarding industrial land development is not profit but the creation of jobs. The price per square metre of land in underdeveloped areas in Slovenia can be very competitive (in the town of Črnomelj is around EUR 2), while the prices in the vicinity of Ljubljana or major industrial areas vary from EUR 100-1,000. Potential investors can also count on a full range of free services provided by local development agencies on the way to start-up. This can also include advice in the process of obtaining all the necessary permits and, in some cases, even the organisation and financing of the construction process in line with the investor’s requirements. Costs of real estate Most land in Slovenia is privately owned and can freely be sold and purchased. Purchase right Citizens of European Union member states may purchase real estate on the territory of Slovenia with no restrictions. |
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JAPTI - Public Agency of the Republic of Slovenia for Entrepreneurship and Foreign Investments disclamer |