Changes of taxes and taxes on the real estate market: what do you need to know!

Find out how tax changes in 2024 influence the real estate market in Romania. Find out what impact the new taxes and taxes on owners, buyers and investors in this guide

Changes of taxes and taxes on the real estate market: what do you need to know!

The real estate market in Romania continues to be influenced by the tax variations that directly affect the owners, buyers and investors. The year 2024 brings some important changes to taxes and taxes on property, which can have a significant impact on the real estate market and on the way the properties are exchanged on real estate platforms.

Increase in value added tax (VAT) for real estate transactions

In 2024, the value added tax (VAT) for new housing purchases remains 5% for homes that meet the following conditions:

• The value of the house, including the ground, does not exceed 700,000 she (about 140,000 euros).
• The useful area does not exceed 120 square meters.
• The house is destined to live and the buyer has no another property that has benefited from a reduced VAT.
• Accommodations with an area that can be used up to 120 square meters: reduced VAT is applied for new houses with a useful area of ​​a maximum of 120 square meters. This threshold is maintained to stimulate the acquisition of accessible houses.
• Housing price: reduced VAT applies to new houses that have a price that does not exceed 140,000 euros (equivalent in her), including VAT. This means that for the houses that exceed this value, standard VAT is applied by 19%.
• Housing destination: accommodation must be intended for residential use and cannot be used for commercial purposes.

For houses that do not satisfy these limits, standard VAT is applied 19%. This distinction between the houses suitable for the low VAT and those that do not adapt to this ceiling significantly influence the announcements published on the real estate platforms. Buyers are much more attentive to the details specified in the ads, such as the price and the surface useful, to understand what is the tax impact of the purchase.

Changes in rents income tax

In 2024, the revenues obtained from the rental of the property are taxed as follows:

• Income tax: the action is 10% applied to net profit.
• Social health contributions (Cass): a 10% share is applied if the annual income in the rents exceeds 12 minimal gross salaries (the minimum gross salary is 3,300 she).

These tax changes also influence the behavior of the owners who list their homes for rent on real estate platforms. The increase in taxes means that the owners adapt the rents displayed to cover the additional tax costs and the tenants must be prepared for possible price increases.

Introduction of the real estate speculation fee

In 2024, the government introduced a real estate speculation fee, aiming at rapid «launch» transactions. This commission applies to resold properties within 3 years from the purchase.

• Tax level: it is set at 15% of the profit obtained from the resale, in addition to the standard tax of 1% or 3% for the transfer of ownership, depending on the duration of detention.

This measure influences the ads for sale on real estate platforms, in particular for the properties that have recently been purchased. Investors who have purchased properties in order to rebel them must quickly consider the impact of this tax in the final sale price and in the prices.

Increase the property tax

The property tax was adequate in different locations in 2024:

• Residential buildings: tax shares are between 0.08% and 0.2% of the tax value of the building.
• Non -residential buildings: the probability vary between 0.2% and 1.3% for individuals and between 0.2% and 1.5% for legal persons.

These increases directly affect the costs of maintenance and administration of the properties, influencing the prices of the sale and rents displayed on the real estate platforms. The owners must be transparent in terms of these additional costs in the descriptions of the ads to avoid unpleasant surprises for potential buyers or tenants.

The role of real estate advertising platforms in 2024

The real estate ads platforms play a crucial role in 2024, offering an essential space for transparency and accessibility on the real estate market. Due to tax changes, buyers and tenants are increasingly attentive to financial and legal details of real estate transactions. Advertising platforms facilitate access to clear and updated information on prices, taxes and tax conditions, helping users to make informed decisions.

In addition, these platforms allow offers and identify the best opportunities on the market, taking into account the new tax regulations. For example, users can filter ads based on the applicable VAT level or look for properties that offer the best value in the context of new taxes.

Buyers, owners and investors must be well informed and adapt their strategies according to the new regulations, using the resources offered by these platforms to make the most advantageous and well -based decisions. Adaptability and careful planning will be the key to success in a dynamic and often unpredictable market.

Changes of taxes and taxes on the real estate market: what do you need to know!

The real estate market in Romania continues to be influenced by the tax variations that directly affect the owners, buyers and investors. The year 2024 brings some important changes to taxes and taxes on property, which can have a significant impact on the real estate market and on the way the properties are exchanged on real estate platforms.

Increase in value added tax (VAT) for real estate transactions

In 2024, the value added tax (VAT) for new housing purchases remains 5% for homes that meet the following conditions:

• The value of the house, including the ground, does not exceed 700,000 she (about 140,000 euros).
• The useful area does not exceed 120 square meters.
• The house is destined to live and the buyer has no another property that has benefited from a reduced VAT.
• Accommodations with an area that can be used up to 120 square meters: reduced VAT is applied for new houses with a useful area of ​​a maximum of 120 square meters. This threshold is maintained to stimulate the acquisition of accessible houses.
• Housing price: reduced VAT applies to new houses that have a price that does not exceed 140,000 euros (equivalent in her), including VAT. This means that for the houses that exceed this value, standard VAT is applied by 19%.
• Housing destination: accommodation must be intended for residential use and cannot be used for commercial purposes.

For houses that do not satisfy these limits, standard VAT is applied 19%. This distinction between the houses suitable for the low VAT and those that do not adapt to this ceiling significantly influence the announcements published on the real estate platforms. Buyers are much more attentive to the details specified in the ads, such as the price and the surface useful, to understand what is the tax impact of the purchase.

Changes in rents income tax

In 2024, the revenues obtained from the rental of the property are taxed as follows:

• Income tax: the action is 10% applied to net profit.
• Social health contributions (Cass): a 10% share is applied if the annual income in the rents exceeds 12 minimal gross salaries (the minimum gross salary is 3,300 she).

These tax changes also influence the behavior of the owners who list their homes for rent on real estate platforms. The increase in taxes means that the owners adapt the rents displayed to cover the additional tax costs and the tenants must be prepared for possible price increases.

Introduction of the real estate speculation fee

In 2024, the government introduced a real estate speculation fee, aiming at rapid «launch» transactions. This commission applies to resold properties within 3 years from the purchase.

• Tax level: it is set at 15% of the profit obtained from the resale, in addition to the standard tax of 1% or 3% for the transfer of ownership, depending on the duration of detention.

This measure influences the ads for sale on real estate platforms, in particular for the properties that have recently been purchased. Investors who have purchased buildings to remind them quickly must take into account the impact of this tax in the final sale price and in prices.

Increase the property tax

The property tax was adequate in different locations in 2024:

• Residential buildings: tax shares are between 0.08% and 0.2% of the tax value of the building.
• Non -residential buildings: the probability vary between 0.2% and 1.3% for individuals and between 0.2% and 1.5% for legal persons.

These increases directly affect the costs of maintenance and administration of the properties, influencing the prices of the sale and rents displayed on the real estate platforms. The owners must be transparent in terms of these additional costs in the descriptions of the ads to avoid unpleasant surprises for potential buyers or tenants.

The role of real estate advertising platforms in 2024

The real estate ads platforms play a crucial role in 2024, offering an essential space for transparency and accessibility on the real estate market. Due to tax changes, buyers and tenants are increasingly attentive to financial and legal details of real estate transactions. Advertising platforms facilitate access to clear and updated information on prices, taxes and tax conditions, helping users to make informed decisions.

In addition, these platforms allow offers and identify the best opportunities on the market, taking into account the new tax regulations. For example, users can filter ads based on the applicable VAT level or look for properties that offer the best value in the context of new taxes.

Buyers, owners and investors must be well informed and adapt their strategies according to the new regulations, using the resources offered by these platforms to make the most advantageous and well -based decisions. Adaptability and careful planning will be the key to success in a dynamic and often unpredictable market.