Frequently asked questions

• What is the process for buying property in Romania as a foreigner?

  Foreigners can buy property in Romania, but if you are from outside the EU, you may need to form a Romanian company to buy land. Residential properties, however, are typically available for purchase without such requirements.

• Are there any restrictions on foreign ownership of property in Romania?

  Yes, foreign individuals from outside the EU are generally restricted from directly owning land. However, they can own apartments and can also set up a Romanian entity to purchase land.

• What are the typical costs associated with buying property in Romania?

  Costs usually include the purchase price, notary fees, real estate agent fees, and a property registration fee. Additional costs might also come from legal advice or due diligence services.

• How long does it typically take to complete a property purchase in Romania?

  The property purchase process in Romania can take anywhere from a few weeks to several months, depending on the complexity of the transaction and the efficiency of the involved parties.

• What is the rental market like in major Romanian cities?

  The rental market in major Romanian cities such as Bucharest, Cluj-Napoca, and Timisoara is competitive, with a range of options from apartments to single-family homes, catering to various budgets and preferences.

• Do I need a real estate agent to rent a property in Romania?

  While not mandatory, using a real estate agent can be beneficial as they can help navigate the market, arrange viewings, and assist with lease agreements.

• What should I consider when renting a property in Romania?

  Consider the location, proximity to amenities, rental costs, lease terms, and the condition of the property before making a decision.

• Are property prices in Romania negotiable?

  Yes, property prices in Romania are often negotiable, especially if the seller is motivated, but negotiation will depend on the market conditions and demand.

• What taxes are applicable when purchasing property in Romania?

  Buyers will typically encounter a notary fee and property registration tax. Sellers are responsible for any capital gains taxes applicable.

• Is it common to furnish rented apartments in Romania?

  Yes, it is quite common to find furnished apartments for rent in Romania, especially in urban areas catering to professionals and expatriates.