The Romanian residential real estate market is characterized by a significant variety of prices, allowing for attractive offers for both investors and ordinary buyers. The characteristics of each city, the level of infrastructure development, and demand create unique price segments that influence the market’s appeal to different categories of citizens.
This is reported by Finway
Price Map of Cities and Investment Opportunities
The cost per square meter of housing in Romania depends on the city and type of property. The most expensive remains Cluj-Napoca, where the price reaches 2165 euros per square meter. The popularity of this city is explained by its developed IT sector and stable demand for housing. The second most expensive is the capital — Bucharest, with an average price of 1676 euros per sq.m., driven by high economic activity and demand in the market.
The average price segment includes cities such as Brașov, Constanța, and Sibiu — here, the cost of housing ranges from 1400 to 1500 euros per sq.m. These cities attract investors and tourists. In Timișoara, Craiova, and Iași, the price is 1300–1400 euros per square meter, making them interesting for those seeking a combination of industrial and educational potential.
The most affordable region for purchasing housing is Bistrița, where the average price is 1012 euros per sq.m. However, there are limited employment opportunities there, which should be considered when planning investments.
In light of this, it is advisable for investors to consider second-tier cities that combine a moderate price level with prospects for property value growth.
Rules for Purchasing Real Estate in Romania for Ukrainians
Ukrainian citizens have the same rights as EU residents to purchase real estate in Romania. Their investment portfolio can include both residential and commercial properties. The country offers quite accessible mortgage lending conditions, making its market even more attractive.
Among the main requirements for obtaining a residential loan are the presence of a residence permit, proof of stable income, and a positive credit history. The down payment usually starts at 15% of the property’s value. Mortgages can be issued in Romanian lei or euros, with a loan term of up to 30 years.
The documents required for purchasing housing include a foreign passport, a residence permit (specifically for refugees — a temporary protection document), an income statement, a tax declaration, an employment contract, proof of credit history, and a document confirming the availability of a down payment, which in some cases must be at least 30% of the property’s value.
“Refugees can receive temporary protection, allowing them to stay in the country and work, but to obtain a mortgage, they often need to prove financial stability”.
For Ukrainian refugees, simplified loan processing procedures are in place, for example, at OTP Bank, which provides support in preparing documents and financing. At the same time, the main condition remains compliance with standard requirements for foreigners and stable financial status.
Thus, the Romanian housing market retains its appeal for Ukrainian investors and individuals seeking new living opportunities, offering a variety of prices and relatively favorable mortgage lending conditions.