In the context of budgetary constraints, the Romanian Government has decided to increase the VAT rate from 9% to 21% starting August 1, 2025 for deliveries of new homes, a measure with a direct impact on the real estate sector. From a fiscal perspective, this change aims to increase revenues to the state budget, but at an economic and social level it may have negative consequences for both the population and real estate developers.
For more information, please see the Romanian version of the article, here.
