Romania is attracting an increasing number of foreign real estate investors, enticed by its attractive prices, growing economy, and interesting rental potential. If you’re considering embarking on this venture, here’s a comprehensive guide to help you invest in real estate in Romania.

1. Define Your Investment Objectives

First and foremost, it’s important to define your investment objectives. Do you want to purchase property for renting out and generating rental income? Or for living in either full-time or part-time? Your objectives will influence the choice of property type, location, and budget.

2. Choose the Type of Property

The Romanian real estate market offers a wide variety of properties, from apartments to houses to land. The choice will depend on your objectives and budget. City-center apartments are generally more expensive but offer better rental potential. Suburban houses are more affordable and may be appealing for families.

3. Determine the Location

Location is a crucial factor for the success of your investment. Bucharest, the capital, has the most dynamic market, but other cities like Cluj-Napoca, Timișoara, and Brașov also offer attractive opportunities. It’s important to carefully analyze different areas and choose a neighborhood with growing demand for rentals.

4. Set Your Budget

The price of real estate in Romania is relatively affordable compared to other Western European countries. However, it’s important to set a realistic budget considering purchase costs (notary, taxes, etc.), potential renovation expenses, and ongoing expenses.

5. Find Real Estate

You have several options for finding real estate in Romania:

  • Real Estate Agencies: Many local and international real estate agencies specialize in assisting foreign investors.
  • Real Estate Websites: Platforms like,, and allow you to search for properties by type, location, and budget.
  • Real Estate Fairs: Attending a real estate fair is an excellent opportunity to meet real estate agents and developers and discover the latest market offerings.

6. Proceed with the Purchase

Once you’ve found your dream property, it’s important to thoroughly research the administrative and legal procedures related to purchasing real estate in Romania. It’s advisable to engage a notary and a lawyer to guide you through the various stages of the process.

7. Manage Your Property

If you intend to rent out your property, you’ll need to find a reliable tenant and manage the administrative and logistical aspects of the rental. You can enlist the services of a real estate agency to simplify this task.

8. Taxation

Rental income generated from real estate in Romania is subject to income tax. The tax rate is 16% for Romanian residents and 25% for non-residents. There are also local taxes to consider.

9. Financing

If you don’t have the necessary funds to purchase real estate outright, you may consider a mortgage from a Romanian bank. Borrowing conditions vary from one bank to another, so it’s important to compare offers before committing.

10. Conclusion

Investing in real estate in Romania can be an excellent option for diversifying your portfolio and generating additional income. However, thorough preparation and consideration of all legal, tax, and administrative aspects are crucial before diving in.

Useful Resources

Administrative Locations Examples:

  • Bucharest:
    • Ministry of Development, Public Works, and Administration: 17-19 Blvd. Libertății
    • Romanian General Cadastre: 2-4 Blvd. Nicolae Grigorescu
    • National Fiscal Agency: 111 Blvd. I.C

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