Real Estate in Chisinau, Moldova
Last updated on Nov 16, 2024
Summary: The most desirable neighborhoods in Chisinau, Moldova are Buiucani, Botanica, Ciocana, and Riscani. The average cost to buy a nice 2 bedroom home in Chisinau is around $50,000 USD, while a nice 3 bedroom home can cost around $70,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and updated appliances. Foreigners are allowed to purchase property in Chisinau, however, they must obtain a permit from the Ministry of Justice. Expats should search for a home to buy in Chisinau by using online real estate websites, such as Imobiliare.md, or by contacting a local real estate agent.
How do I find a place to live in Chisinau?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"To find a place to live in Chisinau, you can start by searching online on local real estate websites such as 999.md, makler.md, and anunt.md. These websites offer listings for apartments, houses, and rooms for rent or sale. You can filter your search based on your preferences, such as location, price, and size. Another option is to join local Facebook groups or online forums where people share information about available housing options. Some popular groups include "Rent an apartment in Chisinau" and "Chisinau Expats." You can also post your requirements and budget, and locals or expats may be able to help you find a suitable place. You can also visit local real estate agencies in Chisinau, such as Acces Imobil, ProImobil, or LARA Imobil. These agencies can help you find a place based on your preferences and budget. They can also assist you with the necessary paperwork and legal procedures. Additionally, you can explore the city and look for "Se Inchiriaza" (for rent) or "Se Vinde" (for sale) signs on buildings. This can be a good way to find housing options that may not be listed online. Lastly, consider asking friends, colleagues, or acquaintances living in Chisinau for recommendations or referrals. They may know of available housing options or can connect you with someone who does," said one expat in Chisinau.
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What is a typical expat home or apartment like in Chisinau?
"A typical expat home or apartment in Chisinau, is likely to be located in a safe and central neighborhood, close to amenities such as shops, restaurants, and public transportation. The apartment itself may be situated in a modern or renovated building, with features such as secure entry systems, elevators, and possibly even a parking space. Inside, the living space is likely to be furnished and equipped with modern appliances, including a washing machine, refrigerator, and possibly a dishwasher. The apartment may have one or more bedrooms, a living room, a kitchen, and a bathroom, with some homes also featuring a balcony or terrace. Heating and air conditioning systems are common, as are internet and cable TV connections. While the size and layout of the apartment may vary, expats can generally expect a comfortable and well-maintained living space in Chisinau," said one expat in Chisinau.
What is the average cost of housing in Chisinau?
If you are thinking about moving to Chisinau, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Chisinau, can vary depending on the type and location of the property. For instance, renting a one-bedroom apartment in the city center may cost around $300 to $400 per month, while a similar apartment outside the city center may cost around $200 to $300 per month. If you are looking to purchase a property, the average price per square meter for an apartment in the city center is approximately $1,000 to $1,200, while outside the city center, it may be around $600 to $800 per square meter. Keep in mind that these are approximate figures and can change based on various factors," remarked one member in Chisinau.
Should I buy or rent a home in Chisinau?
If you have not spent a lot of time in Chisinau, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Chisinau, depends on several factors, including your financial situation, long-term plans, and personal preferences. If you plan to stay in Chisinau for a long period, buying a home may be a good investment, as it allows you to build equity and potentially benefit from the appreciation of property values. Additionally, owning a home provides stability and the freedom to make changes to the property as you see fit. On the other hand, renting a home in Chisinau offers more flexibility, as you can easily move to a different location if your circumstances change. Renting also allows you to avoid the responsibilities and costs associated with homeownership, such as maintenance, repairs, and property taxes. Moreover, renting may be a more affordable option in the short term, as it typically requires a smaller upfront investment compared to buying a home. Ultimately, the choice between buying and renting a home in Chisinau depends on your individual needs and preferences. It is essential to carefully consider your financial situation, long-term plans, and the local real estate market before making a decision," said one person in Chisinau.
What do I need to know when buying property in Chisinau?
When we asked expats what advice they would give a foreigner before buying a property in Chisinau, they said:
"1. Research the local real estate market: Familiarize yourself with the property market in Chisinau, including the average prices, popular neighborhoods, and types of properties available. 2. Hire a local real estate agent: A local real estate agent can help you navigate the property market, find suitable properties, and negotiate the best price. 3. Legal requirements: Ensure you understand the legal requirements for buying property in Moldova, including obtaining a fiscal code, registering with the local authorities, and obtaining necessary permits. 4. Property inspection: Before purchasing a property, it is essential to have it inspected by a professional to identify any potential issues or necessary repairs. 5. Financing options: Explore various financing options available to you, such as local banks or international lenders, and ensure you have a clear understanding of the mortgage terms and conditions. 6. Property taxes and fees: Be aware of the property taxes and fees associated with buying property in Chisinau, including notary fees, registration fees, and annual property taxes. 7. Ownership restrictions: Foreigners may face some restrictions when buying property in Moldova, such as needing to establish a local company to purchase land. Ensure you understand these restrictions and how they may impact your property purchase. 8. Language barrier: Be prepared to encounter a language barrier, as many locals may not speak English. Consider hiring a translator or working with a real estate agent who speaks your language. 9. Currency exchange: Keep in mind that Moldova's currency is the Moldovan Leu (MDL), and you may need to exchange your currency to complete the property purchase. 10. Local customs and culture: Familiarize yourself with local customs and culture to ensure a smooth property buying process and integration into the community," said one expat in Chisinau.
Are foreigners allowed to own property in Chisinau?
When we asked expats what advice they would give a foreigner before buying a property in Chisinau, they said...
"Yes, foreigners are allowed to own property in Chisinau. However, there are certain restrictions and requirements that must be met. Foreign individuals can purchase residential properties, such as apartments and houses, without any limitations. However, when it comes to agricultural land and forests, foreign citizens are not allowed to own them directly. They can only acquire ownership of such land through a Moldovan-registered company, where the foreigner holds shares. Additionally, foreigners may need to obtain a residency permit to register the property under their name. It is advisable to consult with a local lawyer or real estate agent to ensure compliance with all legal requirements when purchasing property in Chisinau," said one in Chisinau.
What appliances are typically included in a rental?
We asked foreigners in Chisinau what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In a rental property in Chisinau, you can typically expect to find essential appliances such as a refrigerator, stove, oven, and washing machine. Some properties may also include a microwave, dishwasher, and air conditioning units. However, it is essential to check the specific rental listing or consult with the landlord to confirm which appliances are included in the property," said one person in Chisinau.
Additional Information about Searching for a Home in Chisinau:
We asked foreigners in Chisinau what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Chisinau typically begin by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process. Additionally, expats can reach out to local real estate agencies that cater to foreigners and have English-speaking agents. Visiting Chisinau in person to view properties and explore neighborhoods is also a common approach, as it allows expats to get a feel for the city and make an informed decision about where to live. Networking with locals and other expats can also be helpful in finding housing opportunities that may not be advertised online," said one person in Chisinau.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.