Agricultural Land in Romania

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05.05.2008,..IMPORTANT: New conditions for buying agricultural land. *click here to read

Agricultural land in Romania is a potentially lucrative investment for many reasons!

Agricultural Land: Soil quality and diversity, along with vast surfaces available for acquisition at prices much lower than in other countries, make farmland the 'VIP" of the Romanian real estate market, attracting investors of all horizons...

Physical relief map of Romania.

Soil quality and diversity result from Romania's unique gelogical features (mountains & major rivers) and from the country's mild weather conditions. Irrigation water is abundantly available everywhere in one form or another (rivers, lakes, wells, etc). Out of the 23.8 million hectares of the Romanian territory, 28% is covered by forest and 60% is agricultural land. The country's total agricultural surface is 14,7 million hectares, out of which 9,3 miilion hectares are arable.

Globalcom's portfolio totals anywhere between 1000 hectares and 5000 hectares of agricultural land available for sale at any given moment. Plot surfaces varry between 10 hectares and 500 hectares.

Prices of agricultural land range between 2000€ & 3000€ / ha (everything included) depending on type, soil quality, and other aspects

Annual tax on rural land (forests and farmland) is approximately 10 € /ha. (2008)

Notary Fees + Taxes = 1% to 2% of the transaction amount (varriable according to amount).

Globalcom commissions varry between 2% and 6% of the transaction amount, varrying according to the amount of the transaction.

Anyone can buy agricultural land: You are not obligated to have any diploma or experience in agriculture. You simply need to form a Romanian ltd. company and declare "agriculture" as it's object of activity. Neighbors do not have any right of preemption.

Pay as you go: You are not required to pay for the whole acquisition in advance. You pay on a weekly basis for surfaces acquired.

Considering all of the factors mentioned above, it is not difficult to see why so many European farmers (large & small) are buying farmland in Romania, the math is simple and the numbers do not lie...

HOW TO BUY AGRICULTURAL LAND IN ROMANIA

1 hectare (ha) = 2.47 acres
Exchange on 05.05.2008:
1 EUR = 0.781099 GBP
1 EUR = 1.54134 USD