Romania is a country situated in the eastern part of Europe. Foreigners, whether European Union or non-European Union citizens have the legal rights to buy buildings without restrictions like a Romanian citizen.

Fiscal number
The nation has an identification number for each citizen, but cases when a foreign citizen decides to buy any property in Romania without the identification number, a fiscal identification number is needed. The PIN can be obtained easily by foreigners who already have a residence permit.
Romania permit
The country grants permit for study, and research, as a family member or business. There are no other special requirements from a non-citizen for the transaction process. They can buy, and resale properties like a citizen does.
No land purchase by non-citizens
Things may be a bit challenging for non-citizens traveling from non-EU nations. In most cases, they can own the house, but cannot own the land on which the house is built on. They can get the right to use the house and the land, but once the house is gone, the legal rights over the land stop.
Commercial purchase
The no land purchase by non-citizens does not apply to those who use it for commercial purposes. The entire process is easier, they can own, buy, sell, and use different types of properties, so long as the properties are needed for their business. Till the activities of the business stop.
Affordability
In terms of affordability, the prices for real estate in the nation can be greatly different, depending on the location, size, and type of property. Some areas may be expensive, others can be more affordable, making it a good option for a very wide range of budgets.
Purchase process
Examining the factors will make the purchasing process go more easily and enable you to move on to other goals.
Language
The buyer speaks Hindi and the seller speaks Romanian, especially in business matters and real estate transactions, consider hiring an interpreter because language barriers can exist during negotiations or agreement signings.
Hire a house agent and law expert
It is essential to work with an experienced and trustworthy local house agent, law expert, who can guide the buyer through the process. They can provide helpful insights on the current market updates, available properties, local laws, and regulations.
Searching and understanding the market structure
When searching for real estate on Islands, there are ranges of options from beach villas, mountain retreats, cottages. Also, it is important to consider the infrastructures and social amenities in the area. The Islands is made up of many smaller islands, and some remote locations may require more effort and resources to be maintained.
Negotiation and offer
When the buyer has seen a property that fits the standard, negotiation is the next step. The price, terms of the sale should be discussed with the seller or their representative. Make a formal offer in writing, including any conditions needed to be fulfilled by the seller.
Sales agreement
When the offer is accepted, draft a sales agreement with the terms and conditions of the sale. Recheck the agreement carefully with legal team before signing it.
Deposit
Pay a deposit amount, typically a percentage of the agreed purchase price, once the buyer and the seller sign the sales agreement to secure the property.
Get approvals
Depending on the specific location, regulations differ in different locations. So as the particular location demands the buyer will need to get approvals from local authorities and landowners.
Completion and transfer
On the agreed completion date, make payment of the remaining balance. Transfer ownership of the property by getting the necessary legal documents, signing and registering the sale with the government.
Taxes
Budget for legal fees, taxes, and other costs related to the purchasing the property. Payment should be made at the right time to the right authorities to avoid issues that can lead to the loss of property. Investors from India and other countries, are free to enjoy to the great investment climate by following the right procedures to buy properties.
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