0 Homes for Sale in Moldavia

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This article serves as an introduction for foreign citizens and/or legal entities to the legal context in which they can acquire and will be able to acquire real estate within the Romanian territory. Tackling both the buying process in itself and their funding options, it serves as a good starting point in their endeavor to buy property or land in this country.
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This article deals with the transaction costs associated with real estate investments in Romania, a country whose profile market has developed greatly since 2007, creating an attractive investment environment for investors worldwide. These costs vary depending on the type of property they intend to purchase as well as on its surface, but do not rise over 9% of the property value on their part and 12% all in all.
Romanian village
No other country in the European Union has so many homeowners as Romania. As many as 96.1% of all houses are owner-occupied - compared with 66.9% across the EU, according to Eurostat figures. The reason: low property prices, advantageous mortgages and a lot of stimulation from the government.
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The typical Western mentality of' time is money' does not apply in Romania. As a result, the way of doing business in Romania is sometimes more informal than in Western Europe. Building personal relationships and trust is of great importance. On the other hand, hierarchy and signature stamps are essential, which can make business more formal.
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This article analyzes the real estate buying process under the Romanian law currently in vigor from the selection of the property by the investor to the conclusion of the sales-purchase agreement and the validation of the transaction. All proceedings should be carried out or assisted by a lawyer, who represents one of the three key factors in the process along with the real estate agent and the notary.
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