Romania among most favorable EU countries for property taxation, report finds
Romania has one of the lowest levels of property taxation in the European Union, with annual payments averaging under EUR 100 per person - more than seven times below the EU average, real estate consultancy Cushman & Wakefield Echinox said…
Irina Marica · Journalist
· Updated · 2 min read
Romania has one of the lowest levels of property taxation in the European Union, with annual payments averaging under EUR 100 per person - more than seven times below the EU average, real estate consultancy Cushman & Wakefield Echinox said in an analysis based on Eurostat data.
The study found that Romania collects property tax revenues equal to just 0.5% of its GDP, compared with an EU average of 1.9%. France leads the bloc, with real estate taxes accounting for 3.7% of GDP. By comparison, the ratio is 1.4% in Poland and 0.8% in Hungary.
