Search by property reference or keywords

Enter reference or keyword




Romania real estate agents

Advice Buying Properties For Sale Romania Real Estate Property Buyers Guide



You have found a Romania property you wish to purchase what next?

Romania propertyBuying Property in Romania - Costs of Purchasing Romania Property

Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.

Successfully Buying a Property in Romania

Foreigners can invest in Romanian real estate, as a member of the European Union. It is possible for foreigners to purchase Romanian property with no difficulty: the process is similar to buying a freehold property in the UK.

Below are some brief points in purchasing property in Romania

Romania Villas, houses and land can also be purchased by foreigners but not directly.
The Romanian Constitution presently restricts the right of ownership of Romanian land to Romanian citizens and to Romanian companies and other legal entities.

Law 312/2005 provides that, upon Romania becoming a member of the EU, citizens of other EU countries, stateless persons domiciled in Romania or in another EU country and legal entities existing under the laws of other EU countries may own Romanian land, subject to some exceptions, on the same terms a Romanian citizens and legal entities.

The Romanian Constitution only restricts non-Romanians from owning land in Romania - it does not prevent foreigners from owning buildings constructed on land in Romania.
It is therefore perfectly possible for non-Romanians to purchase flats in Romania.

The same principle would apply also to a house, however to avoid any difficulties over the garden and driveways surrounding a house (and also the land under the house should the house burn down), it is probably better to have a Romanian company own the land and, possibly, the building / property on it.
This is because the owner of a building constructed on land in Romania (whether the owner is or is not Romanian) has a legal right to use the land which supports the building whilst the building exists (the so-called "superficies" right).

The notary is responsible for obtaining an excerpt in respect of the property from the Land Registry. This excerpt will specify whether there are any mortgages or other legal rights affecting the land and grant a period of priority for the transaction to be made and recorded with the Land Registry.
The notary will also collect the relevant state taxes on the transaction in addition to the notary's fees and will normally deal with the registration of the transaction in the Land Registry.
If this is not done, the transaction will be binding as between the seller and the purchaser but will not be binding on third parties.

Sellers and purchasers of real estate must either be present in person to sign the documents before the notary or must send duly-appointed representatives under formal and specific powers of attorney to do so. Such powers of attorney must however themselves have been given before a notary.

A stamp duty, including a fixed amount and percentage calculated on the value of the Romania property ranging from 0.5% to 3% (subject to 50% discount for transfers of undeveloped land), must be paid for notarisation of sale-purchase contracts involving real estate.

Mortgages and transfers of Romania property must be certified by a notary. The fee is negotiable but normally ranges from 0.5% to 1.5% of the property purchase price.

Payments of commissions and fees for services performed in Romania (e.g. consultancy and management services, such as a property agent's fees) are subject to a withholding tax of 15% irrespective of the location where they are performed.

For Sale
Black Sea Shores
Navodari
Constanta
Plot of Land

Plot of Land Constanta

€21,000,000

For Sale
Novicio Residence
Ploiesti
Bucharest
Villa

Villa Bucharest

€100,000,000

For Sale
Novicio Residence
Ploiesti
Bucharest
Villa

Villa Bucharest

€100,000,000

Advertise Properties in Romania whether you are a Real Estate Agent or Private Owner looking to sell property direct from the owner

I want to sell property in Romania

I want to let my holiday rental property in Romania

Click here to search for properties in Romania

These guidelines are meant for guidance only and describe straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take.



Romania Real Estate

advertise properties in Romania for sale agents private owners direct buyers guide legal taxes fees

Search for your ideal Romania Property Abroad, Overseas homes from over 28,000 listings sales & holiday rentals listings.



A dedicated portal website for Overseas Property Sales and Worldwide Holiday Rentals Apartments, Villas, Houses.

Advertise, market and Sell homes on Globespan Portal.

Romania Real Estate Agents selling all types of homes from Apartments, Apartment Blocks, Barges, Boats, Buildings, Bungalows, Businesses, Casas Rural, Castles, Cave Houses, Chalets, Chateaus, Condos, Condominiums, Cottages, Country Houses, Duplexes, Farmhouses, Fincas, Gites, Flats, Holiday Homes, Hotels, Houses, Islands, Life Style, Lodges, Mansions, Marinas, Mobile Homes, Off Plan, Penthouses, Plots of Land, New Developments, Studios, Townhouses, Villas, Village Houses.

Our Buyers Guides explain the obligatory taxes, legal fees, banks, mortgages and lawyers fees when buying overseas investments.
Globespan is an International and Overseas Properties Portal. We have worked hard to ensure this is the only overseas property website you need whether purchasing or selling an overseas home.

We offer some of the latest and most exclusive overseas investment properties that are available from our advertising estate agents, developers and FSBO for sale by owners direct from vendors.

FSBO For Sale By Owners Direct. Private Owners Selling Privately. Home Sellers. For sale by owner listings specialising in private house sales overseas.

Bank Reposession Bargain Properties direct from the Banks, distressed sales online. Bank repossessed.


Rent self catering villas, apartments, gites, cottages, chalets. Holiday lets and Overseas Home Rentals

Book online your ideal holiday home rental vacation property and self catering accommodation.

Vacation Lettings from agents and owners direct.

Over 80 vacation destination countries abroad.
Whatever your vacation requirements, we have chalets, holiday cottages, villas, gites and apartments to suit you.
Self catering Holiday lets accommodation.

Whether you are looking for a luxury villa in Spain, a cabin in Austria, a chalet in Switzerland,a penthouse in Rome,a pied a terre in Paris, a golf holiday in Portugal, a cottage in Devon, or an apartment in Italy.

Winter ski resorts or sun vacations.

Choose from a wide selection of self catering homes, cottages, chalets and bed and breakfasts worldwide.

Whatever your needs, we have holiday homes, villas, gites and apartments to suit your vacation requirements.
Holiday Parks, Winter Ski Chalets, Bed and Breakfasts, Wheelchair Adapted, Pet Friendly, Large Groups, City Breaks, Walking Tours, By the sea, Close to a golf course, In the countryside, In the mountains, Lakeside, On a working farm, Island, Apartments, Apartment Blocks, Barges, Boats, Buildings, Bungalows, Businesses, Casas Rural, Castles, Cave Houses, Chalets, Chateaus, Condos, Condominiums, Cottages, Country Houses, Duplexes, Farmhouses, Fincas, Gites, Flats, Holiday Homes, Hotels, Houses, Islands, Life Style, Lodges, Mansions, Marinas, Mobile Homes, Off Plan, Penthouses, Plots of Land, New Developments, Studios, Townhouses, Villas, Village Houses.

Browse our 28,000 Sales and Vacation Home listings to find your dream vacation accommodation.

Whether you want a country house in the mountains well away from the crowds for a peaceful vacation, a picturesque cottage, a city break, a family beach trip or to spend time in your own apartment in a city centre we have it all on this website.