The cost of buying property in Romania: taxes & fees
Purchasing property in Romania involves various costs beyond the asking price. Understanding these financial obligations is crucial for both residents and non-residents.
This guide outlines one-off costs during the purchase, ongoing expenses, and a worked example based on typical prices in Romania, helping you make informed decisions.
One-Off Purchase Costs
When buying a property in Romania, expect to incur several one-off costs. These generally include transfer tax, notary fees, and legal or conveyancing fees.
- Transfer tax: Approximately 3% to 5% of the purchase price.
- Notary fees: Vary based on the property's value; typically about 0.5% to 1%.
- Legal fees: Usually range from 1% to 2% of the purchase price.
Estimated Total Buying Costs
In total, you should budget for around 5% to 8% of the property price for these one-off costs. It’s best to verify exact percentages as these can vary based on the property's location.
Example Calculation
Using the typical asking price of €260,000, if we estimate the one-off costs at about 6%, you would pay approximately €15,600 in additional expenses. This gives a total budget of about €275,600.
Breakdown of costs for clarity:
- Transfer tax: €7,800 (3%)
- Notary fees: €1,300 (0.5%)
- Legal fees: €2,600 (1%)
- Additional minor fees, estimate: €4,900.
Recurring Ownership Costs
Owning property in Romania also comes with ongoing financial responsibilities. These include annual property tax, community fees, and utility payments.
- Annual property tax: Typically 0.1% to 0.2% of the property's value.
- Community/Condo fees: Vary widely; some areas can charge €50 to €200 monthly.
- Utilities: Average costs around €100 to €200 monthly depending on usage.
Mortgage Considerations for Non-Residents
Obtaining a mortgage as a non-resident may be possible, but local lenders often have specific conditions. Interest rates can vary and typically require larger deposits than for residents.
- High deposits: Often 30% or more required from non-residents.
- Interest rates: Usually higher than for residents; check with local banks.
Seeking Professional Guidance
Due to the complexity of property transactions in Romania, it's advisable to consult a qualified local lawyer or accountant. They can provide tailored information and help navigate tax obligations and legal requirements.
Frequently asked questions
What is the transfer tax rate in Romania when buying property?
The transfer tax generally falls between 3% to 5% of the purchase price. Verify with local regulations.
What are the typical legal fees when purchasing property?
Legal fees usually range from 1% to 2% of the property's price. Contact a local lawyer for precise rates.
Are there any recurring costs after buying a property?
Yes, expect annual property taxes, community fees, and utility costs.
Can I get a mortgage as a non-resident in Romania?
Yes, but expect stricter requirements, including a higher deposit and potentially higher interest rates.
How can I find reliable information about property taxes in Romania?
Consult local authorities or a qualified accountant for accurate and up-to-date tax information.
This guide is general information, not legal, tax or immigration advice. Rules change — verify the current position with official sources and a qualified professional before acting. Last reviewed July 2026.