Rental contracts rise in Moldova, but no “rentier class” emerging yet
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The number of rental contracts is growing, but it is too early to talk about the emergence of a rentier class

The State Tax Service reports: almost 10 thousand real estate lease agreements were registered in the first quarter of 2026. This is 31.8% more than in the same period of 2025.
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Income tax revenues of individuals renting out real estate have also increased. The percentage growth in the first 3 months of 2026 reached 26.4% compared to the same period of 2025. In monetary terms, the amount of tax collections amounted to 28.5 million lei.

In the period from January to March 2026, the STS detected 266 individuals renting real estate without registration. Additional basic payments in the amount of 266.7 thousand lei were transferred to the budget as a result of tax audits of 221 individuals.

The breakdown by regions, provided by the State Tax Service, shows that the lion’s share – over 6.5 thousand contracts – falls on the capital, respectively, the tax in Chisinau municipality collected almost 25 million lei. In Balti, almost 600 contracts were registered, and the tax amount exceeded 1 million lei.

Experts explain the growth by risks

At the same time, experts do not think that one can speak about the emergence of a rentier class in Moldova. They explain the growth of legalization of such transactions by the necessity to prove the origin of financial means.

And also new risks. Today the STS has much more levers to detect tax evaders, including electronic platforms. Besides, it is more profitable for a taxpayer to register and pay tax. He can then turn to the police in case of unscrupulous tenants.

The main factor in the growth of tax revenues remains the increase in the cost of rent.



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