Recent real estate & construction developments in Romania

The Romanian Government is preparing to draft and adopt new significant legislation concerning real estate and especially the construction environment. Named “The Spatial Planning, Urbanism and Construction Code” (hereinafter named the “Code”), is a very ambitious plan to reform existing and rather dusty legal norms which have been in place for many years.

On 16 June 2021, the first meeting was organized by the Ministry of Development, Public Works and Administration which included a special committee comprised of specialized members of Parliament and representatives of the biggest municipalities in Romania.

The Ministry of Development, Public Works and Administration announced that the Code will “unite, in a single normative act, 21 of the existing laws, ordinances and decisions currently in force”.

The Code is not realistically expected to be adopted within the next year. New details will be revealed along with its development.