I like too much your video Thank you very much for geven us very important information. I am living in Romania I am working in Romania. I like Romania I love Romania Romania is a very beautiful country.
Thank you,a very good discussion on the safeguards of buying, selling property etc in romania.i would seek out you and your business to manage my affairs.your comments were sound and secure,and as you said much the same as other places in the world,great info,very sensible to have professionals like you cover you ass.good sruff,greetings from australia perth.
Hi there! We are glad you enjoy our content. You can reach out to us at office@rrpb.ro to chat more about working together. Or you can directly book a call with us here: rrpb.ro/book-a-consult
@@RRPartnersBucharest thank you for your reply, you present really well on video. Advice was considered and well laid out. It's important that the bad news is highlighted in all matters, as the good news takes care of its self. I thought you covered that well. Visa and length of stay for non Romanians would be a feature of anyone from say Australia, USA buying property in your country. Is there such a thing as a retirement visa which allows long term living in Romania for non citizens to own property, and live on a pension from their own country, eg is there a national health insurance program that people could join for health care. Visas are tied to property and length of stay for retirees from another country on a pension. Just food for thought for you to present on RU-vid, regards
Thank you for watching our video! What was your experience with real estate in Romania or what else would you like to know? Share with us below! And if you need help with your legal case, book an online or in-person consultation with us here: rrpb.ro/book-a-consult/ 📌
Thank you for putting this video together. I have subscribed to your channel. I am a US citizen married to a Romanian. We both have income based in the US. What would be the best way for us to obtain a mortgage/loan for investment purposes in Romania? Do we need to open a company? Should we consult a real-estate lawyer? We plan to retire within the next 8 years in Romania and would like to have several investment properties, but our incomes will always be tied to a US bank. Thank you in advance, Sean
Hello Sean, we are glad you enjoy our content! Our activity is in the legal area, we are not credit advisors or brokers. But we can recommend you some very good consultants on this topic, you can email us at office@rrpb.ro for more info. What I can tell you from the experience of our clients in similar situations is that personal loans are quite hard to obtain if you are a foreigner, even more if your income is from abroad. But for your wife who is Romanian it could be easier, even if her money does not come from Romania.
Why would you want to do that? US has far better real estate opportunities than Romania will ever have. Not to mention the incentives american IRS code offers for investors. Keep in mind the war in Ukraine. No one can't guarantee it won't spread even further into the region no matter the empty promises NATO offers. Some wealthy romanians already left the country sold their businesses and properties and never to return not at least until there is peace again in Ukraine at least.
Very clear explanation, thank you. I notice the laws and habits in Romania aren't that different from the Belgian ones. What is particular is that there are properties that aren't registered in the official register (and as a consequence can't be bought). I assume that this is a result of the land being given back after the fall of Ceausescu in 1989. Is there still a lot of land not measured and/ or registered?
Hello, thank you for your message, very interesting! It is the same in other countries like the US, there's no official registry, but real estate lawyer take on more responsibility for property due dilligence. Actually, it is not because of Ceausescu, we had many land measurements in Transilvania region since the days when we were unde the Habsburgs. And slowly the rest of Romania followed this good practice, after we were reunited. Yes, there is still a lot of land that's not measured, but you can no longer buy or sell land without official registration and measurements. Which forced many people to comply.
Hello Haggle as much as possible and find the true reason the seller is wanting to sell his/her property. Don't take their words for granted be skeptical also with most brokers as well. Most of them are mediocre at best at their craft. Find brokers who are also investors too who think like you think have the same mindset. Be willing to walk away and make your first offer as low as possible. It's a business whover gets emotional loses be calm and collected talk with as many people in that neighbourhood before buying see at least 50 -100 properties before buing one. Romania has OVER PRICED properties compared to the level of rents and real wages. Fortunately thanks to stricter banking conditions new loans are hard to get and slowly sellers realize they have been lied to by greedy brokers over those inflated figures that make no sense taking into account the worsening economic condition and the war in Ukraine a neighbour in the east and so on. In Bucuresti/Bucharest there are a lot of beggars and drug addicts on some of the streets even in central area like Piatza Unirii (Union's Plaza) or Universitate (University) and even petty swindlers (have tactics to steal money using fancy drama stories) I know since I am a young romanian living in Bucharest for the past 10 years. There are far better places (money for value) in distant countries which are more safer than here with no pathethic war in a neighbouring country in the east like Ukraine.
Hello Dear, Thank you for the video but can foreigners own a home in Romania? And if so who would you recommend can be the contact person to help with this procedure ?
Hello Mira, sure foreigners can own a home in Romania. The only issue is if that foreigner is non-EU, they cannot own land in Romania. When searching for a home you can do the research yourself, websites like imobiliare.ro and olx.ro are great. Or hire a real estate agent, of course. If you need help in the due diligence and actual purchase part, you can email us at office@rrpb.ro and chat more
Hello, If I live in the USA and my Fiance is in Romania. We wish to purchase a Villa in Bucharest. Will a Romanian bank provide the loan for the property or will I have to get that loan from a bank in the USA? Thank you for your help, and your information and content are extremely helpful.
Hello Norm. Our activity is in the legal area, we are not credit advisors or brokers. But we can recommend you some very good consultants on this topic, you can email us at office@rrpb.ro for more info. What I can tell you from the experience of our clients in similar situations is that personal loans are quite hard to obtain if you are a foreigner, even more if your income is from abroad. But for your fiance who is Romanian it could be easier, even if you offer her financial help.
Can you cover the next steps about buying, such as if you are a Romanian living outside the country, to an EU citizen, to a foreign citizen. What legalities are there in buying a property if I live in an EU country or someone with dual citizenship living somewhere else, like Canada, to actually being a Canadian citizen or the middle east or Asian countries that want to immigrate to Romania.
Hello, what exactly do you need to know? If you are EU and live outside of Romania, the main thing you should take care of is getting a NIF because you cannot buy without it. If you need further assistance on your case you can book a call with us here: rrpb.ro/book-a-consult. And you should also check out our video about buying property in Romania here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-8cZ--Cj0a_c.html
@@RRPartnersBucharest I do not know what a NIF is and I would take it that applies to someone who is Romanian or descendant. Then there is those that live elsewhere in Europe and those that live outside of Europe. For me, I have dual citizenship with another country that is part of the EU and a Canadian.
NIF has nothing to do with RO descendency. It is a fiscal code for non-resident that need to pay taxes here, including for property. Make sure you subscribe to our channel and ring the notification bell, because we have a video on NIF coming soon!
M very happy & impressed to see your generosity & honesty about ur work & profession....u seems to be a great professional along with a great human soul.... looking forward to join u for genuine consultancy... regards & respect from India 🙏
Hello, thank you. But we do not really understand the question, we are not real estate agents so we cannot give you an estimate on costs of property in Romania. They depend on the area, propety dimension and so on.
hey what is the rule on constructoin of the house my neighbour house wall is almost 1 meter near to my guard, can i construct a house IN front of his wall please advice
Hello, there are several regulations in this field. It depedns on your specific case, sometimes buildings can even be linked back to back, it is called "calcan"
AFAIK, in France and Spain for example, you don't need a permit to take down a wall in your property (a non structural one). Is it the case that for every wall you want to move or remove in an apartment in Romania, you need a permit?
The laws are similar here, in the sense that you cannot take down structural walls. But even for non-structural ones it is better to get an architect and change the plans of the house in the official land book registry. Otherwise you might not be able to sell the house later if the buyer need a bank loan. Banks do not offer loans generally if the house does not look like in the official plans!
@@RRPartnersBucharest thanks. I guess the seismic nature of Bucharest and a history of communism and therefore bureaucracy are to blame for that. Staffing the permit office for stuff that other countries do without a permit is a great way to keep a large state machine.
what are the prerequisites for a foriegn non eu citizen buying property in romania? will he or she granted visa for having a property in the country? for instance he bought apartments,condominium, or house and lot. thank you in advance and your videos are very helpful.
Hello, you do not simply get Romanian residency or visa by owning property here. You can watch our video about types of Romanian visas here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YLqEvGhc6zg.html
Hello, because you are non-EU the best way to go is to open a Romanian company in your name and employ yourself there with a work permit, it is cheaper and faster. It would only ce to around a couple thousand Euro. Details in our video here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-3nNghaf8eYM.html. Also, if you want to discy your case in more detail you can book a videocall consult with us here: rrpb.ro/book-a-consult/. All the best!
Wonderful explanation. would you like to find for me ground floor studio flat in bucharest . Please . I am British citizen . I want to move to the Romania
Hi, we are glad you enjoyed our content! Unfortunately we are not real estate agents, we cannot find a studio for you. But we can recommend you a real estate agent if you want. If you need any specific guidance on Romanian law you can book a legal consult with us here: rrpb.ro/book-a-consult/ or email us at office@rrpb.ro.
Not always and not closely. Especially if they are contracted by the seller. Plus, we had plenty of cases when some notaries were ok with papers and others were not, especially in difficult cases
Hello, what exactly is your question? How long does a litigation file take from head to finish? Or for how long is a court decision valid? Once the decision is final and is not appealed, it is valid forever.
Hi, every house has their own price, there is no general answer on that. You can check this out with a real estate agent, we are a law office. Also, you might find this other video on real estate useful:ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-8cZ--Cj0a_c.html. And if you need more specific help with your case, you can book an in person or online consultation with us here: rrpb.ro/book-a-consult/.
Hello, what do you mean Romanians working abroad? As the source of income being abroad? Because if you do not actually live in Romania anymore and you changed your domicile you should better apply in your current country of residence for a loan.
Hello, what exactly do you need help with? We are not real estate agents so we cannot find a home for you, if that is what you need. Also, you should check out our video about buying property in Romania here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-8cZ--Cj0a_c.html
Well, generally speaking any person that is non-EU cannot own land in Romania. This includes India, Pakistan. But they ca own buildingd without the respective land
Hi sir I am a Bangladeshi citizen I will apply for a Romania work permit but how and where to do it would be helpful if someone would cooperate Thank you
Thank you for your message, you can check out our video on obtaining a work permit, that will come out in the following weeks! So you can subscribe to our channel and make sure you don't miss it.
Buna ziua, nu am sustinut ca se poate semna un contract de vanzare la notar fara aceste acte. Doar ca extrasul de carte funciara este necesar in procesul de due diligence, in cadrul caruia decizi daca vrei sa cumperi sau nu imobilul. Iar in ce priveste actul de vanzare in sine, din pacate am vazut si pseudo-acte de vanzare semnate de juristi si incheiate cu cetateni straini, care chiar credeau ca sunt translative de proprietate :)
Hello, unfortunately we are a law office, not an employment agency. So we cannot offer you a job, we can only help you and your employer with the immigration file. You can find out more about getting a work permit in our video here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-i4CSoYV06P4.html
