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Real Estate in Romania | Digital Nomad Exchange
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Costinesti, Romania

Real Estate in Romania

By Joshua Wood, LPC

Last updated on Feb 06, 2024

Summary: An expat looking to buy a home in Romania should begin by researching the local real estate market. They should look for listings on websites such as Imobiliare.ro, Zillow, and OLX. They should also consider contacting a local real estate agent for assistance. Foreigners are allowed to purchase properties in Romania, however, they must obtain a permit from the Romanian Ministry of Justice. Homes in Romania typically include amenities such as central heating, air conditioning, and modern appliances. Many homes also have balconies, terraces, and gardens.

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How do I find a place to live in Romania?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Romania is to use online resources such as websites and classifieds. Websites such as Imobiliare.ro, OLX.ro, and Ziarul Imobiliar are great resources for finding apartments, houses, and other types of real estate in Romania. Additionally, classifieds such as Craigslist and Gumtree can be used to find rental properties in Romania. Additionally, it is possible to find a place to live in Romania by networking with people in the area, such as friends, family, or colleagues. Finally, it is also possible to find a place to live in Romania by contacting local real estate agents or property management companies," said one person in Romania.

"Through aquaintances. Met some international exchange students and kept in contact with them shrough social networks," remarked one foreigner who made the move to Bucharest.

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What is a typical expat home or apartment like in Romania?

"Expat homes and apartments in Romania tend to be modern and comfortable, with many featuring modern amenities such as air conditioning, high-speed internet, and cable television. Expats often choose to live in larger cities such as Bucharest, Cluj-Napoca, and Timisoara, where they can find a variety of housing options, from luxury apartments to more affordable options. Many expats also choose to live in smaller towns and villages, where they can enjoy a more relaxed lifestyle and take advantage of the beautiful scenery," remarked one foreigner who made the move to Romania.

"I live in a rented flat on the 9th floor. It's a renovated 3-room apartment in a communistic block and I share it with 2 other expat, one of which is a colleague of mine, the other - a firend of a colleague. It's quite typical to share apartments, because most expats work in a more or less international environment with other expat folks. Also, compared to food prices at a market, for example, I find apartments to be disproportionately expensive. Especially when renting a studio," explained one person living in Bucharest, Romania.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is the average cost of housing in Romania?

If you are thinking about moving to Romania, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Romania is generally considered to be quite affordable compared to other European countries. Prices vary depending on the location and size of the property, but generally, a one-bedroom apartment in a city centre can cost around €200-300 per month, while a three-bedroom apartment in a suburban area can cost around €400-500 per month," remarked one foreigner who made the move to Romania.

"The housing costs are a little higher than in Latvia. The cost for a studio is the same. But a multiple room apartment outside the city center in Riga should be a bit cheeper. Even if there isn't a big difference in the price, the salary rates vary a bit more for the disadvantage of Bucharest... We pay a monthly fee of 2100 lei - 470 Euro for rent+utilities for a simple 3 room apartment between the downtown and outskirts. Simple studios are around around 250 - 350 Euro," explained one person living in Bucharest, Romania.

Should I buy or rent a home in Romania?

If you have not spent a lot of time in Romania, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Romania can be a great investment, as the country has a growing economy and real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance. Renting a home in Romania can be a more cost-effective option, as it allows you to avoid the upfront costs associated with buying a home. Additionally, renting a home can provide more flexibility, as you can move to a different location more easily than if you owned a home. Ultimately, the decision to buy or rent a home in Romania should be based on your individual needs and financial situation," explained one person living in Romania.

What do I need to know when buying property in Romania?

When we asked expats what advice they would give a foreigner before buying a property in Romania, they said:

"1. It is important to research the local market and understand the legal requirements for purchasing property in Romania. 2. It is advisable to seek professional legal advice when buying property in Romania. 3. It is important to ensure that the property is free from any legal claims or encumbrances. 4. It is important to check the title deed of the property to ensure that it is valid and up to date. 5. It is important to be aware of any taxes or fees that may be applicable when purchasing property in Romania. 6. It is important to be aware of any restrictions or regulations that may apply to the property. 7. It is important to ensure that all necessary paperwork is completed and submitted correctly. 8. It is important to be aware of any potential risks associated with purchasing property in Romania," explained one person living in Romania.

Are foreigners allowed to own property in Romania?

When we asked expats what advice they would give a foreigner before buying a property in Romania, they said...

"Yes, foreigners are allowed to own property in Romania. Non-EU citizens must obtain a permit from the Romanian Ministry of Internal Affairs in order to purchase property in Romania. EU citizens are allowed to purchase property in Romania without a permit. However, they must register the property with the Romanian Land Registry. Additionally, foreign citizens are subject to the same taxes and fees as Romanian citizens when purchasing property in Romania," explained one expat in Romania.

What appliances are typically included in a rental?

We asked foreigners in Romania what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Romania, rental properties typically include a refrigerator, stove, oven, washing machine, and dishwasher. Other common appliances may include a microwave, toaster, and coffee maker. Depending on the property, some landlords may also provide air conditioning, heating, and other amenities," said one in Romania.

Additional Information about Searching for a Home in Romania:

We asked foreigners in Romania what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Romania by looking online for real estate websites that specialize in the Romanian market, such as Imobiliare.ro or Ziarul Imobiliar. They can also search for listings on international real estate websites, such as Rightmove or Zillow. Additionally, expats can contact local real estate agents who specialize in helping expats find homes in Romania," said one expat in Romania.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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Costinesti, Romania

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Contribute to Romania Network Contribute
Help others in Romania by answering questions about the challenges and adventures of living in Romania.

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