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TransylvanianProperties™ will help you find, rennovate, and look after your ideal property in Romania: residential properties, commercial properties, holiday homes, land etc.

If you are looking to buy a holiday or second home or invest into Transylvania, we offer services such as looking after your property while you are not in the country, - sending you reports periodically, including photos, videos etc. to make sure your property is safe and clean when you are coming to spend your time and well look after while you are not in the country. We can make sure all your bills are paid, letters are scanned and forwarded and inform you about everything related to your property. Your information are safe with us as we enter into a contractual relationship, with you the owner, which is regulated by the European Union and Romanian laws. We know the country, regulations, culture inside-out and we can make sure your time spent here is safe and private. We can assist you from airport pickup, to organise your daily programmes. If you want further development to your property, such as building, rennovation, conversion etc. we can make sure that all building and services prices, quotations from suppliers are real and fully checked and monitorised, so you won't over spend. Our relationship with foreign home owners is bespoke to suit their exact needs. More information ...
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ACQUIRING PROPERTY RIGHT, OVER LAND, BY FOREIGN CITIZENS

Posted by in International press, About Romania, Local press, Legal on Feb 17, 2014 . 0 Comments.

Citizens of a member state of the European Union or the European Economic Area, who are stateless with domicile in one of the member states or in Romania, as well as legal persons established according to the legislation of one of the member states can acquire property right over lands in the same conditions foreseen by law for the Romanian citizens and for legal Romanian persons. 

Citizens of a member state non-residents in Romania, stateless non-residents in Romania with domicile in one of the member states as well as non-resident legal persons, established according to the legislation of one of the member states, can acquire property right over lands for secondary residencies, respectively secondary head offices, after a term of 5 years from the adhesion of Romania to the European Union, respectively starting with the year of 2012.

Citizens of a member state, stales with domicile in one of the member states or in Romania, as well as legal persons established according to the legislation of one of the member states, can acquire property right over agricultural lands, forests and forest lands after 7 years from the adhesion of Romania to the European Union, respectively starting with the year of 2014.

Exceptions of this rule are the farmers who are performing independent activities and are citizens of one of the member states or stateless with domicile in one of the member states, who establish residency in Romania, being stateless with domicile in Romania. They gain the property right over the agricultural lands, forests and forest lands in the same conditions that are applied to Romanian citizens, from the date of adhesion of Romania to the European Union. 

Foreign citizens, stateless and legal persons belonging to third countries (any other state outside the member states of the European Union) can acquire property right over lands, in the conditions regulated by international treaties, based on reciprocity. They cannot gain property right over lands in more favorable conditions than those applicable to citizens of a member state and legal persons established in conformity with the legislation of a member state. 

A resident or non-resident commercial company or legal person can acquire real property right over real estate goods, in the measurement necessary to its activity, based on the object of activity, with respecting the legal dispositions regarding the gaining of the private property right over lands by the foreign and stateless citizens, as well as by foreign legal persons. 

Foreign citizens and legal persons can have in their property, on the territory of Romania, houses, apartments or construction of any kind. Regarding the property right over the land on which the construction is located, the above mentioned regulations will be applicable for each case. 

Acquirement of constructions by foreign citizen or foreign companies

Foreign citizens and foreign companies can acquire constructions in Romania, benefiting in the same time by a usage right over the land on which is located, for the entire existence of the construction (superficies right) 

Last update: Feb 17, 2014

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