Ilan Leibovitch & Co.Lawyer and real estate developer

Legal counsel for real estate transactions in Romania

Bucharest

Romania is our home base: a local law office in Bucharest, native Romanian and active development experience in the market. From buying an apartment to acquiring land and delivering a full project, the work is done in Romanian, directly with the notary, the land register and the local authorities.

  • EU member state
    Since 2007
  • Schengen Area
    Since 1 January 2025
  • Land register
    Cartea Funciară
  • Our office
    Bucharest
Pl. I · Bucharest

Why Israelis choose Romania

Romania is a European economy that has grown rapidly over the past two decades, and Bucharest has become a technology and business hub for Eastern Europe, home to major international companies. For an Israeli investor or developer, the combination of low entry prices compared with Israel and Western Europe, a short flight and a market that is still developing creates an opportunity. But an opportunity is not a plan, and what decides whether a transaction succeeds is what happens before signing.

What to know before you enter

  • A legal system that differs from Israel’s: a public notary, a binding preliminary agreement (Antecontract) and registration in the Cartea Funciară.
  • Restitution claims dating from the communist era and unpermitted alterations to buildings - problems you will not see on a viewing.
  • Land and development projects: building permits, zoning (PUG/PUZ) and choosing the right holding structure from the outset.
  • Currency exposure, local versus Israeli financing, and a properly executed power of attorney for signing remotely.

How we support you in Romania

  1. 1

    Land acquisition and development

    Supporting developers on local projects, from land to occupancy.

  2. 2

    Partnership structure and local tax

    Setting up the right structure (individual, SRL or partnership) under Romanian and Israeli law and tax.

  3. 3

    Bank financing in Romania

    Working with local banks, and weighing Israeli financing against Romanian financing.

  4. 4

    Due diligence with the registry and authorities

    A thorough local review of title, encumbrances and permits.

  5. 5

    Title registration and handover

    Signing before the notary and completing registration of title in your name.

  6. 6

    Ongoing support in the native language

    Direct communication with every party - no interpreter, no intermediaries.

Adv. Ilan Leibovitch is an Israeli attorney. Advice and acts under local law are carried out by lawyers and notaries licensed in the relevant country, coordinated by the office.

How it works in Romania

  1. 1

    Initial registry search

    Obtaining an extract from the Cartea Funciară: ownership, encumbrances and annotations.

  2. 2

    Preliminary agreement (Antecontract)

    A binding agreement before a notary, with a deposit and defined conditions.

  3. 3

    Full due diligence

    Permits, zoning status, debts, claims and physical condition.

  4. 4

    Signing before a notary

    The final deed of sale, in person or by power of attorney.

  5. 5

    Registering the property in your name

    Registering title in the land register and settling obligations with the authorities.

Why us

Adv. Leibovitch is a native Romanian speaker and is also active in the Romanian market as a real estate developer. He reads documents in the original language, works directly with notaries, surveyors and local authorities, and coordinates with locally licensed lawyers the steps that Romanian law requires.

Video course: investing in Romanian real estate, with Adv. Ilan Leibovitch

Six short episodes, from 'why now' to the mortgage. Watch here on the page (in Hebrew).

  1. Episode 1

    Why now? Real estate investment in Romania

  2. Episode 2

    Truth vs myth: what the Romanian property market really looks like

  3. Episode 3

    5 steps to buying property in Romania

  4. Episode 4

    9 mistakes property investors make in Romania

  5. Episode 5

    Property tax in Romania: how much, and avoiding double taxation

  6. Episode 6

    How to get a mortgage on a property in Romania

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Guides · Romania

  1. Romania · Holding structure · 7 min read

    A Will for an Israeli With Property in Romania: Choice of Law, Form of the Will and Coordination With the Will in Israel

    How to write a will that works for property in Romania: Regulation 650/2012 and choice of law, notarial or handwritten wills, reserved shares, the Israeli will.
  2. Romania · Regulation · 7 min read

    Who May Buy What in Romania by Passport: Building, Land and Agricultural Land, Citizenship by Citizenship

    One table: what a Romanian, EU, Swiss, British, Israeli, US, Moldovan, Ukrainian, Russian or Gulf passport holder may register in Romania, and on what basis.
  3. Romania · Holding structure · 7 min read

    Bare Ownership and Usufruct (uzufruct) in Romania: Transferring the House to Your Children and Continuing to Live in It

    Splitting a Romanian property into bare ownership and usufruct: what each side may do, who repairs, how to register, the tax and when the right ends.
  4. Romania · Rental · 8 min read

    Renting a Home in Romania Before Buying: Tenant Rights, Registering the Lease With ANAF and What to Check Before Signing

    Renting in Romania before buying: what the Civil Code says on notice, eviction, repairs and deposits, and why registering a lease with ANAF matters to tenants.
  5. Romania · Regulation · 7 min read

    Israelis With Russian or Belarusian Citizenship Buying Property in Romania: Sanctions, Banks, Registration and Which Passport to Use

    An Israeli with Russian or Belarusian citizenship can buy in Romania. The limits are at the bank: a 100,000 euro deposit cap, cards and source-of-funds checks.
  6. Romania · Purchase process · 11 min read

    A Glossary for a Real Estate Transaction in Romania: What the Words You Will Meet in the Extract, the Contract and at the Notary Mean

    About 35 Romanian terms Israeli buyers will meet: land register, Superficie, preliminary contract, notary, permit, VAT, property tax, IRCC, with the law.
  7. Romania · Financing · 6 min read

    Romania and the Euro: What the Changeover Will and Will Not Change for Those Holding Property or a Mortgage in Romania

    Romania must adopt the euro, but there is no binding date. What the changeover would change for property owners, contracts and lei mortgages, and what not.
  8. Romania · Due diligence · 7 min read

    Buying a Resale House in Romania: Unregistered Additions, Old Permits, Debts and the Energy Certificate

    An existing house in Romania comes with past owners' history: additions without a permit, partial registration, open bills, energy certificate. What to check.

Frequently asked questions

Can an Israeli buy an apartment in Romania in their own name?

Yes. Apartments may be acquired in a private name. Acquiring land raises further questions, and it is sometimes advisable to do so through a Romanian company - a decision made before signing, according to the type of property, the objective and the tax position.

Do I need to travel to Romania to sign?

Not necessarily. You can sign through a notarial power of attorney with an apostille and a certified translation. We prepare the documents in Israel and oversee the signing in Bucharest.

How long does a transaction in Romania take?

A straightforward resale transaction can be completed within a few weeks, from due diligence to signing. An off-plan project or land for development takes longer, mainly because of permits.

Considering a transaction in Romania?

A sound international transaction begins long before signing. A short introductory call will clarify whether, and how, we are the right firm to support you.

Office
7 Hanafat HaDegel St., Ness Ziona, Israel
Bucharest
Bucharest, Romania
  • Hebrew · Romanian · English
  • Tel Aviv · Bucharest
  • Online meetings