SLOVENIA Law and Practice Contributed by: Blaž Ogorevc, Miha Štravs and Blaž Murko, Odvetniki Šelih & partnerji, o.p., d.o.o.
Odvetniki Šelih & partnerji, o.p., d.o.o. Komenskega ulica 36 1000 Ljubljana Slovenia
Tel: +386 1 300 76 50 Fax: +386 1 433 70 98 Email: info@selih.si Web: selih.si/en/
1. General 1.1 Main Sources of Law
sources of civil law, such as the Obligations Code. 1.2 Main Market Trends and Deals In the past year, the real estate market in Slo - venia has been impacted by rising inflation and increases in interest rates. These factors have resulted in price increases in real estate trans - actions, which is a trend that began a few years ago, and a reduction in the number of real estate transactions, which is a more recent trend. Nev - ertheless, the most pronounced trend in all seg - ments of the real estate market is ESG (environ - mental, social and governance). Among the most significant real estate deals in Slovenia in the past year are the sale of Aus - tria Trend Hotel Ljubljana, which was purchased by a Serbian company Agromarket, and sale of land representing the unfinished construction of a shopping centre next to Stožice stadium and hall in Ljubljana to Bosnian company MG Mind. There were also several deals on the sale of commercial buildings, in particular acquisition of the Situla commercial building in Ljubljana by Trigal RE Fund and sale of the Tabor II shopping centre in Maribor to Boscarol d.o.o. In addition, Corwin has several ongoing notable projects in Ljubljana, such as construction of the busi -
Besides the Constitution of the Republic of Slo - venia, which lays down basic principles of private ownership, the main law governing real estate is the Law of Property Code, which prescribes the main rules regarding property rights. The Law of Property Code is supplemented by the Land Register Act and the Real Estate Cadastre Act, which govern real estate records. In addition to general sources of real estate law, certain specific laws govern particular types of real estate. Such laws include: • the Housing Act; • the Protection of Buyers of Apartments and Single Occupancy Buildings Act; • the Agricultural Land Act; • the Act on Forests; • the Water Act; • the Nature Conservation Act; and • the Cultural Heritage Protection Act. In a broader sense, rules relevant to real estate are also prescribed in the Spatial Management Act and the Building Act, which govern spatial planning and construction, as well as in general
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