Romania

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Taxes for Rental Property Income in Romania

If you’re a foreigner who owns property in Romania, it’s quite likely that you’ll be looking to rent it out, to earn yourself a neat profit. Familiarizing yourself with the Romanian tax system before you begin renting out a property in the country is crucial. Knowing how much you will have to pay to the state will help you get a better idea of how much rent you should charge your tenants, in order to...

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Real Estate Investments vs Stock Market

When you’re looking to invest money, you have two main options - real estate or the stock market.  The question is which is safer and which will generate the most return on investment (ROI).  Also, you need to think which of the two is more accessible to you. You can just as easily buy some stocks or a property, but understanding how the stock market works is not for everybody, whereas anyone can get a...

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How to Obtain NIF in Romania

If you’re planning to buy real estate in Romania you will owe taxes to the Romanian state and, in order to pay them, you will need to get a tax identification number. That’s usually called TIN in English-speaking countries, but in Romania it's called NIF, which means basically the same thing.  The Romanian tax authority goes by the name of ANAF and, while not as scary as the IRS, they’ll still be...

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Traditional Romanian Architecture

For a long part of its history, Romania fought for existence sandwiched between rival empires. The three main provinces that make up modern Romania, namely Moldavia, Wallachia and Transylvania, were for centuries under the influence of the Ottoman or the Austro-Hungarian empires, which left a mark on the country’s architecture. There is no one style that can be defined as purely Romanian architecture....

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Bucharest Architectural Landmarks

When you arrive in Bucharest, prepare yourself for a trip through history as the Romanian capital is dotted by architectural gems reminding of long gone times. More than a century ago, Bucharest prided itself as being a Little Paris and if you walk down the large tree-shaded boulevards downtown you will see why. There are plenty of richly-decorated Art Nouveau buildings rubbing shoulders with Art Deco...

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5 Rules For Successful Real Estate Investment

The real estate market, like all the economy, took a serious hit from the 2020 pandemic and we don’t know what lies ahead. Investing in real estate is always a good choice, people need housing no matter what, but you must be very wise about it. Here are five essential rules to guide you through these difficult times.   Study the market and keep an eye on it   Real estate is not like...

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What To Do If You Suspect You Have COVID-19 Symptoms In Bucharest?

When it comes to the coronavirus pandemic, it is only natural to have questions and concerns. And the most reliable sources of information for COVID-19 in Bucharest remain the ones from the public authorities such as the National Institute of Public Health Romania and TELVERDE 0800 800 358. Since we’re here to help you stay healthy and informed, we shared next a comprehensive guide on what to do...

ADVANTAGES OF BUY TO LET BANNER

Buy-to-let real estate in Bucharest. Is it a solid investment?

Buy-to-let real estate is a kind of investment that works pretty simple: you buy a property and rent it in order to make money from the tenants. Whether it is a residential house or a commercial space, buy-to-let investments have been common practice on the real estate market for decades. You might want to choose this kind of investment since it seems much safer than, say, stocks and shares, it is very...

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5 Reasons to Hire a Property Management Company

Initially you may consider yourself a handy-person for property repairs or that you have the time to deal with what you might imagine are the possible requirements of a landlord.  Perhaps also, you live close to the investment property and feel you can respond quickly and effectively to any needs of the property, or tenants. However there are five key factors to consider before you take on this new role....

bucharest sectors map

What Are The Safest Areas of Bucharest

Living in Bucharest can be quite rewarding, as you benefit from all the amenities of a modern capital, but you also need to be prepared to see all the rocks ahead, as, like most big cities, Bucharest has a bright side and a darker one. But do rest assured that some research can spare you of seeing much of Bucharest's downside and will help you enjoy a safe stay, no matter if it' a short or a long...

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