Romanian pickings
Language: English Series: Solicitors' Journal Property Supplement ; June 2007, 30-32(2)Publication details: 2007Subject(s): Summary: Describes how non-Romanians can invest in the Romanian property market. Non-residents do not have the right to own land, a situation set to continue until 2014. There are some exceptions to this rule. Foreign investors can also form a Romanian company to obtain the land. Mortgages are now available to non-residents. Most Romanian apartments are managed and maintained by an association of residents. Foreign buyers should beware being quoted inflated prices or verbal agreements which are then withdrawn. Working through a reputable agent with a presence in Romania and English-speaking staff will help to avoid many of the potential problems.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L138625 (Browse shelf(Opens below)) | 1 | Available | 138625-1001 |
Describes how non-Romanians can invest in the Romanian property market. Non-residents do not have the right to own land, a situation set to continue until 2014. There are some exceptions to this rule. Foreign investors can also form a Romanian company to obtain the land. Mortgages are now available to non-residents. Most Romanian apartments are managed and maintained by an association of residents. Foreign buyers should beware being quoted inflated prices or verbal agreements which are then withdrawn. Working through a reputable agent with a presence in Romania and English-speaking staff will help to avoid many of the potential problems.