Are you a non-resident looking for a mortgage in Romania?

As new European Union country, having joined as a full member state in 2007, Romania has amended its laws to lift all restrictions on foreign nationals owning land as well as property in the country.


Previously, the law in Romania allowed foreign nationals to buy all types of property i.e. buildings of any size and for any purpose. However, until 2007 foreign nationals did not have the title to the land. Foreign nationals wishing to buy land in Romania had been able to do so by forming a Romanian company. (Romanian companies are able to behave like Romanian nationals and therefore are allowed to buy any property in Romania including the land.)

Forming a company is a relatively straightforward process. A solicitor will be able to draw up the necessary paperwork and apply for company status on your behalf.

In Romania, as well as elsewhere abroad when buying property, you should always engage the services of an English-speaking solicitor to represent your interests. Do not rely on the notary looking after your interests.


He/ she is appointed by the state and his /her role is to record the details of the transaction as a public record and not to represent the buyer or the seller.

Regarding taxes, there are no different rules and no special taxes for foreign nationals when buying property in Romania. However, on deciding to sell, approximately 19% VAT and 16% capital gains tax falls due to be paid.

Mortgages are available in Romania for UK Nationals and Non UK Nationals on a case by case basis.
The mortgages are Repayment basis, but can obtain Interest Only for the first 6 months.  Fixed Rates are available (Currently 9.5% for 2 years).  Variable Rates in the region of 8-9.5%

There are no non-status/ self-certification mortgage facilities available, therefore all loans need to be supported by a minimum of, proof of income. If you are employed, you will need to produce, your last six months payslips, P60/employers reference and your last 6 months Personal bank statements. If you are self-employed you will need copies of your Audited Accounts together with you last 12 months business, and 6 months personal bank statements.