Let us briefly deliberate on all the issues of living in Romania, most notably two main ones, namely buying a house and finding a job.
Buying a House in Romania
House prices in Romania have declined in recent years, but there are no restrictions on house sales. Be sure you understand everything before you sign anything – use an interpreter if necessary. The usual steps are as follows:
- The seller has to present a fiscal certificate which proves that the property is registered with the fiscal authorities and that all taxes due have been paid. They also have to show that the property is not encumbered or mortgaged – and to show clear title to the property.
- The notary draws up a deed of sale and transfer agreement.
- This has to be notarized for it to become legal.
- The transfer is recorded in the Land or Real Estate Register.
- Registration of property in Romania takes about 12 to 25 days to complete.
The total costs include all costs of buying and then re-selling a property – lawyers’ fees, notaries’ fees, registration fees, taxes, agents’ fees, etc. and usually come to between 7 and 12% of the purchase price. You do have to pay a small stamp duty. It usually costs more than you expect, so check your finances carefully. Currency rates will affect you – the following website may save you money: www.smartcurrencyexchange.com
Finding a Job in Romania
The European Free Movement of Workers agreement means you can live and work in Hungary without a visa or work permit.
Your ability to find work depends upon your language skills. English is a bonus, but it helps to be fairly fluent in Romanian. If you are moving for employment, the administrative details may be handled by the employer. It is wise to get a written contract if possible. A verbal contract gives little protection.
Competition for jobs is high, as the Romanian economy is still recovering from the economic downturn. With the increase in multinational firms operating in Romania, there’s a demand for fluency in certain languages, including English, French and German. But, speaking the local language is important. Check the language requirements for the job and if the employer wants someone who speaks Romanian, your application must be in Romanian. You may apply in English only if it’s an accepted language for the job. High-level IT skills are also in demand.