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Posted on 26 May 2008

Buying in the current market

Remember to ask your agents well in advance for any dates during the Summer when their agency will be closed. This is always a good idea especially in the summer when sometimes there is only one English speaking agent in the branch who may well be planning to take a two week holiday break during either July or August.

People have asked about the advantages of relocating to Slovenia. As I understand it from my agents, one good reason is that Slovenia is one of those enviable countries whose inhabitants do not pay inheritance tax. This could just be one good reason in helping people to decide whether to consider locating to Slovenia. Before considering moving to Slovenia it is necessary to consult a tax specialist about moving and the different options open, as there are stringent requirements to be met before you will be considered to be domiciles in Slovenia.

The other reasons for relocating seem obvious to those who have already settled in their new homes. Slovenia is an beautiful country with lots of exciting opportunities and with a well supported infrastructure, where you get considerable more for your money than in the UK. On top this, the Slovene property market is supported by a burgeoning growth of successful middle class citizens who are supporting the area of the market which is relevant to their needs. This is one really good reason to buy in the Ljubljana or in areas which are close enough to qualify as a weekend retreat from the capital.

For many people in the UK, the level of the Euro has become an issue but if you look carefully you will see that there are some really good bargains and opportunities. British sellers have been able to lower their prices because of the growth of the Euro which has made them an even more attractive option for European buyers. We are here to help you spot bargains and we have some really happy gold service clients who are benefiting from our advice. One area which particularly attracts me is the winegrowing area in the north east because not only is there excellent wine harvested in this area but I feel that this is probably not being marketed strongly enough to reach its full potential. The other is property towards the Croatian border as Croatia nears its entry to the EU particularly along the Istrian Peninsular in both Slovenia and Croatia.

Every day we read in the papers about the advancing financial crisis which is very real for some but for many the fear factor is actually far greater than the reality. Food is more expensive so we can decide to shop more carefully and above all to be far less wasteful. Petrol is more expensive so we can decide to forgo the third or fourth holiday abroad this year but also realise that by visiting Slovenia for Christmas it will actually be cheaper than staying here in the UK and probably a lot more fun! The price of heating will also affect us but for the moment the weather is sunny and warm and we have a whole year to work this one out!

In a falling stock market this week where most mining stocks fell one of the gainers was British Land which invests in the retail section in the UK. Perhaps this is a good indicator of whether the sentiment of the economy is turning and people are once again realising the value of retail property. This will be an interesting stock to watch. Meanwhile there are some great buying opportunities in the property market which are being snapped up by locals and neighbouring European countries including Russia. So do make the most of the quieter moments to take any advantages the market may offer to buy your dream home.

Frances

Tip of the Week

Remember to ask your agents well in advance for any dates during the Summer when their agencies will be closed, to avoid disappointment when you travel to Slovenia to view properites.

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