Mortgages for Foreign Nationals in Romania
Local banks in Romania do issue mortgages to foreign nationals. Some of the main lenders include Banca Transilvania, BRD – Groupe Société Générale, and Raiffeisen Bank.
- Banca Transilvania: https://www.bancatransilvania.ro/
- BRD – Groupe Société Générale: https://www.brd.ro/
- Raiffeisen Bank: https://www.raiffeisen.ro/
Typically, the deposit required when buying a property in Romania is around 10% to 20% of the property’s value.
Outstanding Debts on the Property in Romania
New property owners are responsible for outstanding debts on the property in Romania. It is important to conduct a thorough investigation of the property and its debts before purchasing it.