thesis

Analysis of real estate purchase by foreign nationals in the Tolmin administrative unit since Slovenia has joined the European union

Abstract

The Master of Science thesis focuses on real estate acquisitions by foreign nationals since \ud Slovenia has joined the European Union. The area of survey is focused on the Administrative \ud unit of Tolmin which includes municipalities Bovec, Kobarid and Tolmin. Because of its \ud natural resources the surveyed area is among the most attractive tourist destinations for active \ud holidays and recreation in natural environment, especially in the weather-favourable months \ud for domestic and foreign tourists. After Slovenia joined the European Union the surveyed area \ud has become one of the most interesting areas for foreign nationals to purchase a real estate. \ud The survey was conducted through a questionnaire survey for both foreign buyers of real \ud estate as well as locals in the surveyed area. In their response foreign buyers of real estate \ud could indicate reasons and purposes for their purchase, how they were accepted by the local \ud population as well as other observations. In a similar way the locals were interviewed. In their \ud opinion and observations they identified the phenomenon of increased purchase of real estate \ud by foreign nationals. It was discovered that most foreign buyers who purchase real estate in \ud the surveyed area come from Great Britain making up nearly 70% of all buyers. In general \ud local people accept foreign real estate buyers without any problems as long as they do not \ud cause major inconvenience. Nevertheless some locals are concerned that excessive interest of \ud foreigners in purchasing real estate in the surveyed area could cause ethnic and cultural \ud threats to local inhabitants and Slovenians. This concern is unnecessary, because in the recent \ud years the interest of foreigners in purchasing real estate in the surveyed area has decreased \ud considerably compared to the primary interest

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