Is Romania right for your strategy?
Higher-income urban rentals and growth markets
Calculate with your own budget
Enter the planned property price to estimate acquisition costs, gross rent and recurring ownership costs.
Financing for foreign buyers
Foreign-buyer lending depends strongly on residence and local income evidence.
Tax position
Rental, disposal and local property taxes apply; reforms may change valuations.
Buyer costs at a €1m reference price: €20k–€50k
This common price is used only to compare countries consistently. It is not a minimum or recommended investment amount.
Buyer estimate covers scaled notary fee, land-book registration, legal/technical review and possible buyer agency cost.
Markets to compare within Romania
Bucharest
Largest and deepest rental market
Cluj-Napoca
Technology and university demand
Timișoara
Industry and cross-border employment
Brașov
Lifestyle, tourism and local demand
Positive with asset-level risk
Opportunity
Urban income growth supports well-located, modern apartments.
Primary watchpoint
Earthquake classification, restitution history, construction quality and land rules.
Sources and data status
Reference period: latest published 2025–2026 official and established market data available at review. Last editorial verification: 28 September 2026.
Transaction-specific figures must be confirmed with the relevant authority and an independent local adviser before commitment.
2026 snapshot
- Indicative gross long-term yield: approximately 5–7% in Bucharest, depending on location and unit size
- Typical buyer costs: approximately 2–5%
- Short-term rental position: possible with classification, registration and tax compliance
- Property-linked residence: no automatic residence through ordinary property ownership
Main investment locations
- Bucharest: largest and deepest rental market
- Cluj-Napoca: technology and university demand, but high prices
- Timișoara and Iași: employment and student markets
- Brașov: tourism, lifestyle and short-term demand
- Constanța: coastal and seasonal market
Who can buy?
EU/EEA citizens generally have broad acquisition rights. Non-EU buyers can own apartments/buildings but land ownership depends on treaties and reciprocity; a Romanian company is commonly considered where direct land ownership is unavailable. The land component of a house purchase therefore needs special review.
Purchase and ownership costs
Costs include notary, land-book registration, legal/technical review and agency commission. The allocation of agency fees varies and buyers may be charged. Annual local property tax and building costs are generally moderate but tax reforms may change valuations.
Renting and short-term letting
Long-term urban demand can support attractive yields. Tourist accommodation requires the relevant classification and operational compliance. Owners should verify fire, building and condominium rules rather than rely solely on platform listings.
Key risks
Earthquake vulnerability in Bucharest, building-risk classification, title restitution history, land ownership restrictions and new-build quality are central concerns.
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Method: calculations assume an individual cash buyer acquiring a resale residential property, without mortgage, renovation or buyer-specific relief. Figures are indicative planning ranges, not quotations or promised returns. Read the methodology →