Financing
A Transparent and Buyer-Friendly Purchase Structure
Heritage Residences offers a unique acquisition structure designed to provide buyers with greater security, flexibility and immediate value.
Step 1
Land Ownership from Day One
One of the key advantages of Heritage Residences is that buyers acquire ownership of the land from the very beginning of the process.
The project consists of six individual houses, each containing three private Residences: Garden, Chic and View. Every house is situated on its own 1,100 m² land plot. Ownership of each Residence therefore includes a proportional one-third ownership share of the land on which the house is built.
Effective Purchase Structure
As part of the initial payment, the buyer immediately becomes the owner of their land share, providing additional security and peace of mind throughout the construction period.
The land is purchased directly from private owners under a separate purchase agreement. As a result, no VAT is applied to the land portion of the transaction.
The land value allocated to each Residence is EUR 100,000. Based on the total plot value of EUR 300,000, this represents approximately EUR 270 per m², reflecting current market conditions in the area.
This transparent acquisition model allows buyers to secure ownership of the underlying land from day one while benefiting from an efficient and cost-effective purchase structure.
Step 2
Construction Payment Schedule
The construction of the Residence is governed by a separate construction agreement. The construction price is divided into three equal instalments, each representing 33.3% of the construction price plus applicable VAT.
Upon signing of the construction agreement.
Upon completion of the building shell structure and roof.
Upon completion and handover of the Residence.
This structure allows buyers to spread payments throughout the construction process while maintaining full transparency regarding project progress.
Step 3
Mortgage Financing
Residences will be officially approved and registered as residential units, not holiday apartments. As a result, buyers may be eligible for mortgage financing of up to 80–90% of the property's value (subject to individual bank approval and lending conditions). This represents a significant advantage compared to a traditional holiday apartment, which is often limited to substantially lower financing ratios.
Exceptional Value
A rare entry price into the High Tatras.
By purchasing during the construction phase, buyers secure a significantly lower acquisition price compared to completed properties in the High Tatras. Depending on the Residence type, the final acquisition price corresponds to approximately EUR 3,500–4,000 per square metre including VAT.
For comparison, completed premium properties in neighbouring Tatranská Lomnica frequently achieve prices exceeding EUR 10,000 per square metre.
Heritage Residences therefore offers a rare opportunity to secure a premium mountain residence at an attractive entry price while participating in the value creation during construction.
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