Sale of Villas and Vacation Homes in Romania's Mountain Resorts: What's Happening in Brașov and Moiechiu

The vacation property market in Romanian mountain resorts is undergoing significant changes: owners are increasingly putting villas, cottages, and guesthouses up for sale. Supply has increased by tens of percent over the past year, and prices vary depending on location. Learn more about the situation in Brașov and Moiechiu, the reasons behind the sell-off, and current real estate prices

The Romanian vacation property market is going through tough times. In two well-known mountain towns, owners of villas, summer homes, and guesthouses are increasingly putting their properties up for sale. This is reported by stirileprotv.

In this article, we discuss how many properties are already on the market, why owners are abandoning the tourism business, and what prices have settled in the market.

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How many residential properties are vacant in Bran and Moiechi?

According to data from the National Institute of Statistics of Romania, there are over 1,700 temporarily vacant residential properties in the towns of Bran and Moiechi. The vast majority of these are used as vacation homes rather than for permanent residence.

The Bran City Hall specifies that 600 properties have official tourist status. Over the past year, the occupancy rate for these properties has dropped by 20%.

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Why are owners of villas and guesthouses selling their properties?

The main reason is the decline in tourist traffic. Some owners had previously taken out loans and mortgages to develop their tourism

businesses, counting on a steady stream of guests. Due to the decrease in the number of tourists, it has become much more difficult to meet their debt obligations, and there is no question of making a profit under such conditions.

Representatives of the Romanian Hotel Industry Federation point to another factor: many guesthouses have not been renovated for a long time and are outdated. Modern tourists expect more from their vacations than just a place to stay with a barbecue in the yard, so older properties are losing out to newer types of accommodations.

The main reasons for the mass sale of real estate can be summarized as follows:

• a decline in tourist traffic and occupancy rates;
• difficulties in servicing loans and credits taken out to develop the business;
• the physical and functional obsolescence of some guesthouses;
• changing expectations among tourists, who are seeking a more comprehensive vacation experience;
• an increase in market supply, which intensifies competition among owners.

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How many properties are listed for sale, and at what price?

Real estate listing platforms currently feature 62 houses, villas, cottages, and guesthouses in these regions. This is 86% more listings than during the same period last year.

The price per square meter varies depending on the location. According to Monika Dudau, a representative of a specialized real estate listing platform, the average price per square meter is 1,306 euros in Brani and 1,116 euros in Moječ.

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What does this mean for buyers of overseas real estate?

The growing supply in Romania’s vacation property market opens up new opportunities for those considering the purchase of a home or investment property abroad.

At the same time, foreign real estate transactions involve numerous legal nuances: verifying the property’s legal status, handling paperwork, taxation, and the specifics of local legislation.

To avoid risks and make an informed decision, it’s advisable to seek professional advice before signing any agreements. The real estate lawyers at Visit World will help you understand the specifics of buying a home in Romania, verify the property, and guide you through the transaction at every stage.

Schedule a consultation now and protect yourself from potential risks when buying real estate abroad!

Reminder! In our previous article, we discussed where in Europe it is most expensive to buy an apartment.

Photo: Magnific

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