CE Invest Property Management Bratislava Slovakia Property Management in Slovakia, Bratislava, apartment valuation, rental, sales, renovations

Slovakia is coming out of the crisis, the GDP is rising, the growth rate in the first quarter of 2010 was one of the largest in the EU – 4.6%. Property prices have begun to rise in the spring of 2010.
Since there was a dramatic increase in property prices during 2007-2008, a [...]

Not right now. A 60-65% LTV can be expected. However, you have to count with several restrictions. For example banks currently take into account when applying for mortgage only incomes in the country of your residence. If you are self employed, your mortgage application might be rejected if you are non-resident.

Between 1 – 1.5% of the purchase price.
The fee covers drawing up the contract; verifying the information on the property, the identity of the seller as well as buyer; handing in the purchase documents to the Land Registry; and following through until new ownership is registered.
Legal [...]

Property tax is payable every year to the local government (local municipality). It is based on square meter area. The tax varies from town to town, in many places there is no tax on residential property, unless it is rented to a business.

It is not required. However in most Bratislava buildings a certain amount of insurance coverage is included in the mandatory common costs payable to the building. When taking a bank loan, it becomes a requirement.
CE Invest will not manage apartments without a valid homeowner’s insurance. There [...]

For a private person it is 19%. Costs of redecoration (painting, new tiles, kitchen and other furniture), agency and legal fees can be offset. You can also offset value-increasing renovations (expansion, new heating system)  from the profit for a private person. Make sure you keep the invoices and [...]

The tax on rental income is 19% – however, there are significant tax incentives available for individuals who provide housing in Slovakia:

Deductable amount for rental activity (odpočítateľná položka): currently 894 euros
Across-the-board tax cut (paušálne výdavky): currently 40%
Deductable amount for the [...]