Buying Property in Romania – FAQs for Foreign Investors

1. Q: What are the current trends in the Romanian real estate market?
   A: The Romanian real estate market is currently experiencing a boom, with prices steadily increasing and demand for properties on the rise.

2. Q: Is it a good time to invest in real estate in Romania?
   A: Yes, now is a great time to invest in Romanian real estate as prices are still relatively affordable compared to other European countries.

3. Q: Are there any restrictions for foreigners looking to buy property in Romania?
   A: No, there are no restrictions for foreigners looking to buy property in Romania. In fact, the government has made it easier for non-residents to invest in the country.

4. Q: What are the most popular cities in Romania for real estate investment?
   A: Some of the most popular cities for real estate investment in Romania include Bucharest, Cluj-Napoca, Timisoara, and Brasov.

5. Q: Are there any special incentives for buying property in Romania?
   A: Yes, the Romanian government offers incentives such as tax breaks and residency permits for investors looking to buy property in the country.

6. Q: What are the average rental yields in Romania?
   A: The average rental yields in Romania range from 5-7%, making it a profitable market for residential landlords and 7-9% for commerical landlords.

7. Q: What are the steps involved in buying property in Romania?
   A: The steps involved in buying property in Romania include finding a property, signing a preliminary contract, and registering the property with the land registry office.  Talk to Damian Galvin via damian.galvin@whitemountain.ro for help to find your investment property.

8. Q: Are there any property taxes in Romania?
   A: Yes, there are property taxes in Romania that vary depending on the value and location of the property, but comparately, these are very small by european standards.

9. Q: Can you get a mortgage to buy property in Romania?
   A: Yes, most banks in Romania offer mortgages to both residents and non-residents looking to buy property in the country.

10. Q: Are there any real estate agents in Romania who speak English?
    A: Yes, there are some real estate agents in Romania who speak English and can help foreigners navigate the buying process. We at White Mountain Property are an English & Romanian speaking team, while some of the team also speak French, Italian, Spanish, German, Dutch, Finnish and even Thai!

11. Q: What are the average construction costs in Romania?
    A: The average construction costs in Romania range from €800-€1,200 per square meter, depending on the type of property and location.

12. Q: Is it easy to find quality tenants for rental properties in Romania?
    A: Yes, it is relatively easy to find tenants for rental properties in Romania, especially in major cities with a high demand for housing.  We can say from expereince since 2006 in the rental domain, the quality of tenants is generall high to very high, compared to western Europe where we also have expereince.

13. Q: Are there any regulations for short-term rentals in Romania?
    A: Yes, there are regulations for short-term rentals in Romania, including registering the property with the local authorities and paying taxes on rental income.

14. Q: What are the average property prices in Romania?
    A: The average property prices in Romania vary depending on the location, with prices ranging from €1,400-€3,000 per square meter in major cities at the time of writing.

15. Q: Can you buy property in Romania as an investment and not live in the country?
    A: Yes, many investors buy property in Romania as an investment and rent it out without living in the country.

16. Q Can foreigners buy property in Romania? 
    A: Yes, EU/EEA citizens can buy property freely. Non-EU citizens may need to create a Romanian company or meet residency requirements for land purchases. 

17. Q: What are the costs associated with buying real estate in Romania?
    A: Expect to pay:

• Property price (usually mentioned in euros, sometimes bought in Romanian Lei

• Notary fees (~1–1.5%)

• Land book registration fee (0.15%)

• Legal/translation fees (under 50 euros)

• Agent commission (2-3% or 0% in some cases)

18. Q: Why is Romania a good country to invest in property?
    A:Yes. Romania offers:

• Affordable property prices

• Strong rental market

• Quality tenants

• Strong rental yields in cities like Bucharest, Cluj, Bra?ov

• Growing tourism and tech sectors

• EU stability and legal protections

19. Q: Do I need a lawyer or agent to buy property?
    A: No, but It’s recommended and not expensive, especially for foreigners. A real estate lawyer can ensure contracts are sound and protect your interests.We can recommend one if you need advice, just write to me at damian.galvin@whitemountain.ro

20. Q: What risks should investors be aware of?
    A:  Title disputes (rare but possible),  Market liquidity in rural areas,  Legal differences compared to your own country,  Ongoing maintenance & tenant management, Differences between the documented records and the physical status of the property such as boundaries, floor plan layouts, rights of access, positions of fences and so forth.

For more customised advice on buying Romanian property, feel free to drop me an email at damian.galvin@whitemountain.ro

"buy property in Romania","real estate Romania","Romania real estate investment","property for sale Romania","foreigners buying property Romania","invest in Romanian property","Romanian real estate guide","Bucharest property","Cluj-Napoca real estate","Romanian property market","Romania property tax","how to buy property in Romania"