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Costinesti, Romania

Real Estate in Romania

By Joshua Wood, LPC

Last updated on Jan 06, 2023

Summary: An expat looking to buy a home in Romania should begin by researching the local real estate market. They should look for listings on websites such as Imobiliare.ro, Zillow, and OLX. They should also consider contacting a local real estate agent for assistance. Foreigners are allowed to purchase properties in Romania, however, they must obtain a permit from the Romanian Ministry of Justice. Homes in Romania typically include amenities such as central heating, air conditioning, and modern appliances. Many homes also have balconies, terraces, and gardens.

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How do I find a place to live in Romania?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One possible way to find a place to live in Romania is to research the different cities and what type of accommodation is available. You can also choose to search online for rental properties, contact real estate agents, or post an ad on a local classifieds website. Additionally, you may also want to consider house-sitting or taking on a job with accommodation provided," explained one expat living in Romania.

"Through aquaintances. Met some international exchange students and kept in contact with them shrough social networks," said another person in Bucharest.

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What is a typical expat home or apartment like in Romania?

"A typical expat home or apartment in Romania is typically modern, with amenities such as air conditioning, internet, and modern appliances. Many expat homes and apartments offer furnished or unfurnished units, depending on the needs of the tenant. They usually feature spacious layouts with bright and airy rooms, and may also have outdoor spaces such as terraces or balconies. Some areas of Romania may offer more traditional properties with features such as high ceilings and stone fireplaces. Expat apartments in Romania are often located near significant attractions such as historical sites and shopping centres," said another person in Romania.

"I live in a rented flat on the 9th floor. It's a renovated 3-room apartment in a communistic block and I share it with 2 other expat, one of which is a colleague of mine, the other - a firend of a colleague. It's quite typical to share apartments, because most expats work in a more or less international environment with other expat folks. Also, compared to food prices at a market, for example, I find apartments to be disproportionately expensive. Especially when renting a studio," remarked another foreigner who made the move to Bucharest.

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What is the average cost of housing in Romania?

If you are thinking about moving to Romania, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Romania varies depending on the location and type of accommodation. For example, renting a one-bedroom apartment in the city center can range from €200 to €450 per month, while a three-bedroom apartment outside the city center can cost around €400 to €900 per month," remarked another foreigner who made the move to Romania.

"The housing costs are a little higher than in Latvia. The cost for a studio is the same. But a multiple room apartment outside the city center in Riga should be a bit cheeper. Even if there isn't a big difference in the price, the salary rates vary a bit more for the disadvantage of Bucharest... We pay a monthly fee of 2100 lei - 470 Euro for rent+utilities for a simple 3 room apartment between the downtown and outskirts. Simple studios are around around 250 - 350 Euro," explained one person living in Bucharest, Romania.

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Should I buy or rent a home in Romania?

If you have not spent a lot of time in Romania, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Whether you should buy or rent a home in Romania depends on a variety of factors. Factors to consider when making the decision include your financial situation, the current housing market, your lifestyle and living needs, and the area you are interested in living in. Additionally, you should think about the long-term cost and benefits of either route, as well as any potential legal or tax implications as a foreign national living permanently in Romania. Ultimately, it is important to carefully consider all angles before making a decision," remarked another foreigner who made the move to Romania.

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Costinesti, Romania

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