When we start selling our house, we quickly find out how many little things there are that can surprise us with the sale and to which we must pay special attention. One of them is definitely a financial plan, where you must pay particular attention to all costs as well as other sales procedures. Many people also overlook the fact that, before selling, it is necessary to have building and usage permit and the energy certificate for apartments or buildings which is required by the law in Slovenia.
If the building is under the protection of cultural heritage or is located in a protected area, you must also obtain the appropriate permits from local authorities for sale. Also pay attention to the clean title and correct registration of the property in the land registry before putting it for the sale.
When selling a property in Slovenia is always suggested to work with a licenced real estate agent who knows how real estate business works and the process of selling real estate, as well as working with a lawyer who will advise you on legal matters and revieving necesary contracts.
In this article we will explain all the costs of selling real estate in Slovenia in more detail, which you should definitely pay close attention to, so that there are no unnecessary surprises later. Even if you arrange the sale with the help of a real estate agent, it does not hurt to be aware of the costs that will be incurred during the sale.
Costs of selling a property in Slovenia
- Transfer Tax
- Capital gain tax
- Notary costs
- Real Estate Agent fees
- Lawyer and contracts costs
As already mentioned before we can start with the sale of apartment or a house in Slovenia we need to obtain an energy certificate, which id rewuired by law. Otherwise real estate agency will not be able to list the property. The costs of the energy certificat rages from €50 for an apartment and from €100 for a house, but it all depends on the individual property and the contractor with whom you will be working with.
Transfer tax is assessed by FURS after the signing of the sales contract and represents 2% of the sales value of the real estate. As a general rule the seller is the obligated to pay this tax, but it can also be paid by the buyer if the both parties agree in the sales contract.
Capital gains tax
Pay attention to capital gains tax, which is waived if you have lived in the property for at least 3 years, otherwise you will have to pay the tax. You will have to pay this tax if you sell the property for more than when you bought it, the tax will thus be assessed only on the difference in price, and the seller is also obliged to settle this tax within 30 days after receiving the assessment decision.
The tax rate is 25% if you have owned the property for less than 5 years, 20% if you have owned it for more than 5 years and less than 10 years, and 15% if you have owned the property for more than 10 years and less than 15 years. If you own the property for more than 15 years, you are exempt from capital gains tax.
Once transfer tax and any capital tax have been settled, the seller can notarize his signature on the sales contract. The cost of signature verification is determined by the notary office and varies depending on the value of the property and may also depend on the number of sellers verifying the sales contract. Notary costs are in most cases beetwen 100 and 300 eur.
The costs of real estate agency are set by the brokerage agreement which you will sign with the real estate agent before listing the property. Brokerage fees will settle upon the successful sale of the property at the real estate agency. Brokerage fees in Slovenia are ussualy between 2% and 4% of the sale price.
When selling real estate, there are also costs involved in making up the sales contract, which usually amount to between 200 and 400 EUR per contract drawn up by lawyers or notary office. In any case, it is suggested that this be carried out by a qualified person. The costs of drawing up the sales contract can be setteled by both the seller and the buyer, and it is also common to agree that this cost is shared between the two parties.