Real estate investment in Romania
The sale of apartments to foreigners in Romania isn’t limited: they can freely purchase, rent out, and sell properties.
The sale of land to non-EU citizens is prohibited. A land plot with a house can be bought for a legal entity if it’s a Romanian company.
Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 1.3%. Five years ago, an apartment of 100 m² cost an average of €122,000, and today it is sold for €153,000.
€1,528
Average price per 1 m²
of housing in Romania
of housing in Romania
1,3%
Average price per 1 m²
increase per quarter
increase per quarter
1,44—10,2%
Buyers’ related expenses,
of the transaction amount
of the transaction amount
How the residential property price index is growing in Romania
Cost of a 3-bedroom apartment in Romania
€1.5 million
Penthouse in Bucharest,
in a prestigious area
near the King Mihai I Park
€500,000
Apartment in Bucharest,
in the Primăverii district
€200,000
Apartment in Bucharest
What do investors buy?
The most expensive real estate in Romania is in the capital, Bucharest.
Apartments
- penthouses
- apartments
Houses
- mansions
- villas
Romania residence permit or citizenship by real estate investment
Obtaining a Romania residence permit or citizenship is not connected with purchasing real estate.
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Taxes and associated costs
Taxes
Property owners pay an annual tax of 0.08% to 0.2% of the cadastral value.
Non-residents pay a 10% income tax on income from real estate rental in Romania.
€1,176 Approximate annual costs for
maintenance of an apartment
maintenance of an apartment
Communal payments
Electricity, gas, water, heating, and garbage collection |
€60—155per month |
Internet, TV and telephone |
€5—12per month |
If the owner sells a property for €100,000 or more, they pay a property transfer tax of 3% of the transaction amount.
The agency fee is 3%.
15% Capital gains tax on the sale of
real estate in Romania
real estate in Romania
Expenses on the sale
Transfer tax |
0—3%Of the transaction amount |
Agency feeShare paid by the seller |
3%Of the transaction amount |
