This a brief summary of the purchasing process. Buying a house or apartment is a big investment for most people.
It is recommended you make sure you have some independent help and advice to guide you through this.
Contact one or more Romanian real estate agencies, tell them what you are looking for and ask them to present properties. Get as much information as you can about prices in the area where you are looking to buy. Plan visits with agencies/sellers to see properties.
Once you have found one or more properties you are interested in, you then have to choose between reserving the property through an agency without going to Romania, or going to Romania to assess the properties and make your final decision. It is not recommended to buy something without having seen it.
Once you have decided which property you wish to buy, you can reserve your property with an agency by mail, e-mail, or in a face-to-face discussion with a representative. The property will then be reserved for 15 days. During this period, you choose a lawyer and/or a solicitor to help you move forward in the buying process.
When purchasing a property, the contract of purchase becomes a public document. The signing of a contract must be witnessed by a public notary who submits it for certification by the Land Registry in charge of real estate records.
Mortgages in Romania are now available to non-Romanian citizens who are working with a legal contract. Check offers from banks in order to have more accurate information. Generally, the duration is about 25-30 years and the limit of credit depends on your revenue. Among criteria, banks generally require a minimum deposit (some banks ask 15%, others 25%), building insurance, and a fee for analyzing your request.