Romania Mortgage
When you buy in Romania, you may require information on Romania mortgages. A Romanian mortgage is a recent addition to the Romania land and property market, but Romania mortgages are a fast growing market and currently contributing enormously to the potential for investment in Romania land and property development.
You should obtain up-to-date information on Romania mortgages from your lawyer. A Romanian mortgage is available to non-resident owners of Romania property, subject to approval and valuation, and is obtainable from Romanian banks and lenders.
Romania Tax
When you buy Romania, you may find the purchase process different from the one you are used to and independent legal advice is vital to ensure your investment in Romania property and land is carried out diligently. A purchase of Romanian real estate involves Romania tax payments such as transfer tax and VAT. Your legal adviser can provide Romania tax information.
To buy in Romania, you are required to form a company that will be liable for various local and state taxes including annual property tax and tax on rental income. For further Romania mortgages, tax and ownership information, click here to download the Romania Property Investment Guide.
