ROMANIA Law and Practice Contributed by: Monia Dobrescu and Mădălina Trifan, Mușat & Asociații
Mușat & Asociații 43 Aviatorilor Blvd. 1st District Code 011853 Bucharest Romania Tel: +4 021 202 59 00 Fax: +4 021 223 04 95 Email: general@musat.ro Web: www.musat.ro
1. General 1.1 Main Sources of Law The main sources of real estate law in Romania are as follows: • the Romanian Constitution, as further amend - ed, supplemented and republished; • the Civil Code, which entered into force on 1 October 2011; • Law No 71/2011 for the enforcement of the New Civil Code; • Land Law No 18/1991, as further amended, supplemented and republished; • Law No 50/1991 on authorisation of con - struction works, as further amended, supple - mented and republished; • Law No 10/1995 on quality in constructions, as further amended; • Law No 112/1995 on the legal regime of dwellings transferred within the state prop - erty, as further amended; • Law No 7/1996 on cadastral works and the real estate publicity system, as further amended, supplemented and republished; • Law No 10/2001 on the legal regime of real estate abusively taken over between 6 March
1945 and 2 December 1989, as further amended, supplemented and republished; • Law No 350/2001 on territorial planning and zoning, as further amended and supplement - ed; • Law No 165/2013 on measures to complete the process of restitution in kind or by equiva - lent of properties abusively confiscated dur - ing the communist regime in Romania; • Law No 17/2014 on several measures regulat - ing the sale and purchase of agricultural lands located in extra-urban areas; and • Law No 312/2005 regarding the acquisition of ownership rights over real estate by foreign citizens, stateless persons and foreign legal entities. 1.2 Main Market Trends and Deals The Romanian real estate market in 2024 was characterised by positive dynamics, with signifi - cant activity across various sectors. A notable trend was the growing interest in the renewable energy sector, especially in photovoltaic instal - lations, which had a direct impact on real estate investments. The office segment also continued to attract demand for well-located buildings that meet environmental, social and governance
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