Allo' Expat Romania - Connecting Expats in Romania
Main Homepage
Allo' Expat Romania Logo


Subscribe to Allo' Expat Newsletter
 
Check our Rates
   Information Center Romania
Romania General Information
Romania Expatriates Handbook
Romania and Foreign Government
Romania General Listings
Romania Useful Tips
 
Housing in Romania
Pets to bring into Romania
Customs & Etiquettes
Business Etiquettes
Driving in Romania
Romania Education & Medical
Romania Travel & Tourism Info
Romania Lifestyle & Leisure
Romania Business Matters
  Sponsored Links


Check our Rates

Housing in Romania
 
 
 

General

Bucharest is the primary expatriate location within Romania.

In general, expatriates live all over Bucharest and the suburbs. While there are houses in the city, they are largely unavailable for rent. Apartments are the primary option in the city, and detached and semi-detached houses are available in the suburbs. Families with children tend to live in the suburbs to be close to the international schools.

Housing in Romania can be very expensive and varies based on type of residence, location and standard of renovation. Rent can be anywhere from $ 500 for a small apartment in the city to $ 8000 and more for a modern house in the suburbs. The local currency is LEU (ROL).

Buying a Property

There are many reasons to invest in the Romanian real estate market. These include:

• recent infrastructure improvements;
• very low cost of property;
• potential for growth;
• a growing economy

According to some experts, the best places to purchase property are Bucharest, Ploiesti, Constanta, Cluj, Oradea, Brasov and Timisoara. While foreigners can buy buildings, houses, villas and attachments, they cannot buy land. To get around this rule, foreigners can set up a Foundation, which can own land. It is best to find a reputable real estate agency or broker to help you through the paperwork involved. Foreigners are generally looked upon as "rich" and, as such, are frequently victims of scams or dishonest business dealings.

Recently, the Romanian government has introduced a 16% levy on sale of property. The vendor has to pay, but sometimes the costs would be passed to the buyer.

Renting a Property

Quality rentals (whether houses or apartments) are in demand, making the acquisition of a quality property a very competitive process. Rents run fairly close to those charged in Western countries. Rent normally includes the basic utilities of water, gas, and electricity – some include furniture.

 
 


 



 


copyrights © AlloExpat.com
2015 | Policy