Yes, Americans can buy a home in Romania. As a member of the European Union, Romania allows citizens of EU member states, including Americans, to buy property in the country. The process of buying a home in Romania can be complex and it is important to be aware of the legal requirements and regulations.
When buying a home in Romania, it is essential to have a clear understanding of the documents certifying the seller’s ownership, land book extracts, tax certificates, energy certificates, and technical expertise. It is also important to have a clear understanding of the sale-purchase contracts or receipt minutes.
Starting in 2012, citizens of the European Union and the European Economic Area have been allowed to buy land in Romania, including agricultural lands, forests, and forest lands. Foreign citizens can also own property in Romania, subject to conditions regulated by international treaties based on reciprocity.
With regards to agricultural land located outside the built-up area, there are special provisions regarding their sale and purchase. Law 17/2014 and Law 175/2020 provide measures regarding the regulation of the sale of agricultural lands located outside the built-up area in Romania. Compliance with the conditions provided by the Romanian Civil Code and the provisions regarding the right of preemption is mandatory.
In Romania, the sale of property, including agricultural lands located outside the built-up area, must respect the right of preemption and obtain necessary approvals for concluding the sale contract in authentic form by a notary or a court decision to replace the sale contract. Failure to comply with these provisions can result in the sale being declared null and void.
It is important to seek the assistance of a lawyer who specializes in real estate and construction when buying a home in Romania. A lawyer can provide important information, assist with a real estate due-diligence, draft a sale-purchase agreement or real estate sale-purchase promissory agreement, and provide representation in the negotiation process for concluding contracts.
In conclusion, Americans can buy a home in Romania, but it is important to be aware of the legal requirements and regulations, and to seek the assistance of a lawyer who specializes in real estate and construction.
Please note that this information should not be considered legal advice, and Dash212 is not a law firm. It is always advisable to consult with a licensed attorney for specific legal questions or concerns. This information is intended for general informational purposes only and is subject to change.