Real estate taxes in Romania

Real Estate Taxes in Romania: A Simple Overview


When buying or selling property in Romania, it’s essential to consider the various taxes associated with the transaction. Real estate taxes in Romania include transfer tax, local taxes, registration fees, and property taxes.

  • The transfer tax is calculated based on the property’s purchase price and ranges from 0.5% to 3% depending on the location of the property.
  • Notary fees, which are typically between 0.5% and 2% of the purchase price, are paid to the notary public who oversees the transfer of property ownership.
  • Local taxes, which are based on the property’s value, range from 0.25% to 1%. Registration fees, which are paid to the Romanian Land Registry when registering the transfer of property ownership, are typically between 0.15% and 0.5% of the purchase price.

It’s important to note that real estate taxes in Romania can vary based on location and other factors.

Therefore, it’s advisable to consult with a Romanian real estate lawyer to get a precise estimate of the taxes involved.

In addition to real estate taxes, there are other costs associated with buying or selling property in Romania.

These include legal fees, survey fees, agency fees, mortgage fees, repairs and renovations, property management fees, utility connection fees, moving costs, and insurance.

  • Legal fees are typically between 1% to 3% of the purchase price, while survey fees range from 0.1% to 0.5%.
  • Agency fees typically range from 1% to 3% of the purchase price.
  • Mortgage fees include application fees, valuation fees, and arrangement fees.
  • Repairs and renovations costs vary depending on the work needed to be done.
  • Property management fees cover the cost of maintaining common areas in a condominium or apartment complex.
  • Utility connection fees vary based on location and services provided.

Property taxes in Romania are calculated based on the property’s value and are paid annually.

The rate of property tax varies depending on the property’s location, but it typically ranges from 0.08% to 0.2%.

To ensure an informed decision and protect your investment, it’s crucial to consult with a Romanian real estate lawyer who can provide a detailed breakdown of all the costs involved.

By carefully considering all of the costs associated with the transaction, you can make an informed decision and ensure that your investment in Romania is protected.

property and real estate law in Romania

Buy a property in Romania

Depending on your citizenship, the procedure for purchasing a new property in Romania can vary.

Fortunately, as long as the property serves as your secondary residence, EU and EEA individuals will have no trouble purchasing real estate in Romania.

You will need a Fiscal Identification Number to complete the process if you are an EU citizen without a Romanian Personal Identification Number.

If you have your residency permit, getting this number is simple. The contract will be void if you don’t begin the procedure of obtaining this Fiscal Identity Number before you begin the purchasing process.

The procedure will be a little more challenging for a non-EU citizen because a non-EU citizen can typically possess a building or other structure but not the land on which it is constructed.

To utilize the home and land, they will instead need a permit; nevertheless, if the building is demolished, they will lose all legal rights to the property.

In order to confirm the seller owns the property and to check the land survey records for a report from the land registration, you will also need to locate a Romanian licensed attorney.

Also, a real estate Romanian lawyer can do a due diligence report of the property in order to analyze the legal situation.

Our Romanian lawyers can offer the legal help with a real estate due-diligence (information on the characteristics of the property, owners, risks and legal restrictions)  and also to draft a sale or purchase contract or real estate purchase promissory agreement, while providing assistance and representation in the negotiation process for concluding such contracts.

Both the buyer and the seller will be present at the closing together with a local notary. The property will then officially be yours after the deed has been recorded in the Romanian Land Registry.

The costs for the purchase will also include transfer tax, notary fees, local taxes, and registration fees.

Contact us for further information.