Real Estate Transactions Guide Cluj-Napoca 2017 (EN)

5th Edition
august 2018
Cluj-Napoca City Hall
and Local Council
Cluj-Napoca@2017
Noteworthy, in the first edition of the guide (2013), the Cluj real estate market reached
Foreword approximately EUR 200 mil. (annualized), thus the market grew 3 times within 4 years.
Dear readers, Also, the average unit price for apartments derived from sale-purchase agreements is
1,211 EUR/sqm, 20% higher than the previous year (1,000 EUR/sqm). As such, Cluj is
The 5th edition of the Real Estate Transactions Guide was launched today, shaped
ranked second by average price/sqm, after the 1st District of Bucharest. However, not all
as a unique project in Romania, performed by Veridio in partnership with Cluj-
neighbourhoods are similar, since the average price varies from 863 EUR/sqm to 1,367
Napoca City Hall. The guide is based on the information gathered by the City Hall
EUR/sqm.
from the real estate sale-purchase agreements.
The Cluj-Napoca Real Estate Transactions Guide comprises a series of analyses on
The Cluj-Napoca Real Estate Transactions Guide is an extremely valuable
different market segments, supporting both the buyers (residential/investment real estate)
analysis, for real estate investors on the second largest real estate market of
and the sellers (individuals, developers, realtors, banks) in the decision-making process in
Romania, as well as developers and real estate agents, market analysts, banks
2018. Thus, together with our partners - the Cluj-Napoca City Hall, we hope to contribute
and appraisers.
to a consistent and sustainable development of the real estate market.
As the 2nd most populated city in Romania (after Bucharest), however only 4th by
This year we also introduced a new statistic in regards to the origin of the buyers,
area, the real estate market is expected to become more competitive and data
surprised to discover that only 69% of the purchasers are from Cluj county, while almost
from 2017 shows a 30% y-o-y growth rate of the real estate transactions' value in
29% come from other counties of Romania and a bit over 2% are buyers from abroad. Top
Cluj, reaching almost EUR 600 mil., of which 69% was financed from own
buyers from other counties come from Bistrita Nasaud, Maramures, Salaj, Alba, Mureș
resources, down from 83% in 2016.
and Satu Mare, which are located in the proximity of Cluj county.
An interesting comparison could be made between the real estate market growth
Feel free to discover all the valuable information within the 5th edition of the Real Estate
rate (30%) and the GDP/capita in Cluj-Napoca, which grew by only 8.2% compared
Transactions Guide.
to previous year.
Until the 2019 edition, I wish you profitable real estate transactions!
What does a transaction value of almost EUR 600 mil. stand for? Over twice as
much as the city's budget (currently EUR 257 mil.) or the estimated cost of the
subway project for the city. Adrian Vascu
Senior Partner Veridio
2 Cluj-Napoca@2018
Table of contents
Cluj-Napoca and Key figures Did you know?

the real estate
market in 2017
-4- -6- -7-
Cluj-Napoca Evolution of the

real estate real estate market
transactions 2017 in Cluj-Napoca
2013 - 2017
-8- - 33 -
Conclusions Appendices
- 35 - - 37 -
3 Cluj-Napoca@2018
Cluj-Napoca and the real estate market in 2017
Cluj-Napoca
General
information Culture Honors Tourism Industry Sport
The 4th largest city in Host of “Pria Urban 4th place in the “Forbes 111 accommodation units, IT and outsourcing service European City of Sport
Romania (area: 179,5 Innovation” (urban Best Cities 2017” ranking with capacity of 6,216 center (often referred to 2017
km2) innovation event) (Forbes Romania) beds, in 2017 (INSSE) as Europe’s Silicon
Sports facilities including
Valley)
The 2nd city by population Host of International Included in the “The Over 470,000 tourists in CFR Cluj Stadium, Cluj
size in Romania with over Mathematical Olympiad in quality of life” in 2017 2017 (approx. 27% more Main sectors: IT, services, Arena, Cluj Arena,
320,000 inhabitants in 2017 (Numbeo – ranking on a compared to 2016) medicine Polyvalent Hall,
2017, plus approx. 80,000 global scale) Gheorgheni sports
students annually Finalist of the European Significant events: Untold, Significant companies: : complex, Iuliu Hatieganu
Capital of Culture title for 3rd safest city in Romania Electric Castle, Jazz in the Banca Transilavania, De sports park etc.
Renowned medical 2021 - Gruia and Grigorescu Park, TIFF, delaHoya Longhi, Electrogrup,
center: 31 hospitals districts are considered music festival, Cluj- Farmec, Arobs, Terapia, Polyvalent Hall from Cluj-
Cultural centers like: Old the safest districts at Napoca Marathon, Endava, NTT Data, Napoca is the biggest in
Established center of Casino, the fortress, national level (Storia.ro Romania
Gaudeamus fair, Softvision, AROBS,
higher education: 11 Marasti and Dacia and D&D Research) Techsylvania, Street Food Ducfarm etc.
universities, the most well- cinemas, the history, art, Host city in 2017 for
Festival etc.
known are: Babes-Bolyai pharmacy, ethnographic Award for excellence in Business event center European Artistic
University, Technical etc. museums digitalization in 2017 in Tourist landmarks: Unirii such as Cluj Business Gymnastics, European
University of Cluj-Napoca, the field of public Square, Muzeului Square, Days 2017 Men's Basketball,
Iuliu Hatieganu University Events: TIFF, Opera administration the Fortress Hill, Botanical European WUKF Karate
of Medicine and Aperta, Musical Autumn of Garden, the Central Park, Investment funds to and Fudokan Karate
Pharmacy Cluj-Napoca Cluj festival, Summer The most attractive the Paintbrush Factory, support start-ups: Risky Championships, IBSA
evenings in Cluj, secondary city in Romania museums, architectural Business, Start-up Nation General Assembly,
In 2017 the GDP/capita of Hungarian Cultural days, according to the etc. national soccer team
monuments etc.
Cluj county grew by 8.2% Filarmonica Transilvania Magnetism Index games etc.
compared to the previous etc.
year
4 Cluj-Napoca@2018
Cluj-Napoca and the real estate market in 2017
The districts of Cluj-Napoca
Currently, Cluj-Napoca is divided into the following districts: City Centre, Zorilor, Manastur,
Grigorescu, Gheorgheni, Andrei Muresanu, Marasti, Iris, Bulgaria, Dambul Rotund,
Someseni, Plopilor, Gruia, Intre Lacuri, Buna Ziua, Europa, Colonia Sopor, Colonia Faget,
Colonia Borhanci, Colonia Becas and the adjacent area.
The real estate expansion period led to a higher density of residences in established
districts, respectively Gheorgheni, Marasti, Andrei Muresanu, Zorilor, Gruia, Grigorescu,
Manastur, Plopilor and also to seek out areas with a lower density, suitable for
development such as Campului (Manastur), Buna Ziua, Europa, Plopilor Noi. The same
trend can be exhibited in recently formed neighbourhoods such as Faget, Becas, Borhanci
and Sopor.
Consolidation of the infrastructure in certain districts, such as Dambul Rotund, Iris, Bulgaria
or Someseni, led to an autonomous process of urban renovation, while the prices of the
land and dwellings were lower than those of the semi-central areas.
Floresti, Gilau, Baciu, Chinteni and Sannicoara-Apahida are some of the suburban areas
that developed after 1990. These areas are not covered by our analysis, as they are not
included within the city limits of Cluj-Napoca.
Source: Google Maps, Cluj-Napoca City Hall

Note: District limits were established based on information provided by Cluj-Napoca City Hall
5 Cluj-Napoca@2018
Key figures
The total value of the real estate transactions in 2017 was nearly EUR 594 mil., more
than double compared to 2014 (EUR 284 mil.)
In 2017 the total value of the real estate transactions increased by 30% compared to
the previous year, respectively by 66% compared to 2015
The transactions of apartments account for 63% (largest share) of the real estate
market of EUR 594 mil.
The average price per sqm for traded apartments was 1,211 EUR/sqm in 2017,
compared to 1,000 EUR/sqm in 2016, 873 EUR/sqm in 2015 and 836 EUR/sqm in 2014
Transactions funded through bank loans accounted for 31% of the total market in
2017 compared to 17% in 2016, 26% in 2015, respectively 16% in 2014
69% of the buyers come from Cluj County, while almost 29% come from other
counties of the country, and just over 2% come from across the border
6 Cluj-Napoca@2018
Did you know?
Calea Manastur is the street with the Most transactions took place in Manastur
most transactions (327 transactions) and district (1,431 transactions), which was
highest value of transactions (~EUR 24.2 also the district with the highest value of
mil.) real estate trades (~EUR 88.7 mil)
Becas is both the district with the lowest The most valuable transaction (over EUR
number of transactions and the lowest 8.4 mil.) was concluded by a legal entity
total value of transactions and comprised a commercial building
located around Dorobantilor St.
December is the month with the largest
number of transactions as well as the Acquisitions performed by legal entities
highest monthly value of transactions account for 18.2% of the total value of
(approx. EUR 79.1 mil.) the transactions
Plots of land with areas between 500- Top 10 most valuable transactions
1,000 sqm were most frequently traded performed by companies account for
28% of the total trades performed by
Apartments with area between 35-55 sqm
legal entities (EUR 108.3 mil.) in 2017
were most frequently traded
Approximately 70% of the volume of
69% of the real estate transactions were
transactions was concluded by local
self-financed
buyers (from Cluj County)
The most expensive house traded in
Value wise, 29% of the transactions were
Cluj-Napoca in 2017 is located around
concluded by buyers from other
Motilor St. (EUR 0.6 mil.)
counties, with Bistrita Nasaud leading
The most expensive plot of land was with 4% of the total value of the
traded in Borhanci district, for EUR 1.1 transactions registered in the city of Cluj-
mil. Napoca
7 Cluj-Napoca@2018
Cluj-Napoca real estate transactions 2017
• The structure of the real estate transactions extracted from the database provided by the Local Tax Department
of the Cluj-Napoca City Hall is presented in following table:
The structure of the real estate transactions in Cluj-Napoca in 2017

District Type of property Financing Total
Land House Apt. Other Self Bank
Andrei Mures a nu 15 36 279 89 322 97 419
Beca s 11 7 7 3 24 4 28
Borha nci 58 33 220 87 298 100 398
Bul ga ri a 4 12 65 60 127 14 141
Buna Zi ua 14 23 416 133 418 168 586
Centru 6 31 568 284 662 227 889
Da mbul Rotund 43 54 186 115 302 96 398
Europa 11 13 58 40 104 18 122
Fa get 18 21 15 13 49 18 67
Intre La curi 2 11 424 165 520 82 602
Gheorgheni 1 17 642 163 677 146 823
Gri gores cu 7 15 262 64 243 105 348
Grui a 3 27 62 24 90 26 116
Iri s 89 33 243 140 353 152 505
Ma na s tur 59 17 1,054 301 1,165 266 1,431
Ma ra s ti 6 10 487 204 554 153 707
Pl opi l or 1 4 79 44 98 30 128
Somes eni 13 15 195 67 214 76 290
Sopor 64 4 115 25 155 53 208
Zori l or 3 19 264 91 295 82 377
Other a rea s 182 1 - 6 188 1 189
Total 610 403 5,641 2,118 6,858 1,914 8,772
Source: Analysis of the database provided by Cluj-Napoca City Hall
• Our analysis of transactions with apartments (5,641) is presented in detail.

• 403 houses, including land and buildings, were traded in different districts of the city. Their typology and
structure do not allow a detailed and relevant analysis by district.
• Similarly, conclusions regarding 610 plots of land traded are not detailed by district.
8 Cluj-Napoca@2018
• In 2017, the total value of the real estate transactions is approx. EUR 594 mil., with apartments accounting for
63% of the real estate transactions.
• 69% of the real estate transactions (value) were self-financed.
Value of real estate transactions in Cluj-Napoca in 2017

District Type of property Financing Total
EUR Land House Apt. Other Self Bank
Andrei Mures a nu 2,374,569 8,382,198 20,357,722 3,668,842 26,768,623 8,014,708 34,783,331
Beca s 612,351 1,324,747 764,500 208,488 2,160,597 749,488 2,910,085
Borha nci 4,895,368 4,701,626 13,977,908 2,501,846 19,155,071 6,921,677 26,076,748
Bul ga ri a 159,500 1,181,858 2,523,525 1,935,161 4,522,428 1,277,616 5,800,044
Buna Zi ua 806,213 2,875,858 31,911,012 3,826,787 26,703,201 12,716,669 39,419,870
Centru 839,166 8,286,922 41,951,987 30,323,755 51,794,470 29,607,359 81,401,829
Da mbul Rotund 2,623,983 5,886,860 9,863,300 10,105,047 18,702,554 9,776,635 28,479,189
Europa 1,084,641 2,419,217 5,251,618 1,290,831 8,016,257 2,030,050 10,046,307
Fa get 1,435,310 2,821,070 1,608,215 319,840 3,676,228 2,508,207 6,184,435
Intre La curi 12,987 1,222,029 21,724,897 3,429,447 20,662,966 5,726,394 26,389,360
Gheorgheni 280,000 3,033,858 43,549,614 8,603,266 43,704,977 11,761,760 55,466,737
Gri gores cu 652,738 1,704,052 18,932,975 3,874,383 16,670,422 8,493,726 25,164,148
Grui a 272,500 3,977,903 4,272,295 1,712,016 7,318,396 2,916,318 10,234,714
Iri s 3,177,634 4,364,017 12,740,789 6,973,583 14,753,606 12,502,417 27,256,022
Ma na s tur 4,002,894 2,530,294 69,017,673 13,241,313 64,942,220 23,849,954 88,792,174
Ma ra s ti 906,934 853,682 33,043,255 17,529,794 29,706,194 22,627,471 52,333,665
Pl opi l or 6,008 835,295 6,574,541 2,866,902 6,672,087 3,610,658 10,282,746
Somes eni 693,231 1,447,470 11,992,347 3,107,867 12,105,182 5,135,732 17,240,915
Sopor 4,663,240 440,018 7,934,279 929,127 8,526,539 5,440,124 13,966,663
Zori l or 717,149 3,314,501 18,995,067 6,249,959 23,261,563 6,015,112 29,276,675
Other a rea s 2,490,985 130,000 - 69,292 2,622,727 67,550 2,690,277
Total 32,707,400 61,733,474 376,987,517 122,767,544 412,446,309 181,749,626 594,195,934
9 Cluj-Napoca@2018
1. Transactions with apartments
Transactions with apartments in 2017 - Cluj-Napoca

District Trans. no. Surface Val. trans. Avg. price
sqm EUR'000 EUR/sqm
Andrei Mures a nu 279 16,996 20,358 1,198
Beca s 7 775 765 987
Borha nci 220 13,385 13,978 1,044
Bul ga ri a 65 2,924 2,524 863
Buna Zi ua 416 27,933 31,911 1,142
Centru 568 32,451 41,952 1,293
Da mbul Rotund 186 9,679 9,863 1,019
Europa 58 4,510 5,252 1,164
Fa get 15 1,482 1,608 1,086
Intre La curi 424 17,603 21,725 1,234
Gheorgheni 642 31,852 43,550 1,367
Gri gores cu 262 15,201 18,933 1,246
Grui a 62 3,684 4,272 1,160
Number of transactions: 5,641
Iri s 243 11,863 12,741 1,074
Ma na s tur 1,054 57,051 69,018 1,210 Value of transactions: EUR 377 mil.
Ma ra s ti 487 26,446 33,043 1,249
Traded net area: 311,376 sqm
Pl opi l or 79 5,312 6,575 1,238
Source: Google Maps, Cluj-Napoca City Hall Somes eni 195 11,159 11,992 1,075 Most transactions: area between 35-
Note: District limits were established based on information provided by Cluj-Napoca
City Hall Sopor 115 6,634 7,934 1,196 55 sqm
Zori l or 264 14,437 18,995 1,316
Apt. built after 2000: 58% of the value
Total 5,641 311,376 376,988 1,211 of transactions
Self-financed: 80% of the value of
Transactions with apartments 2017 - Cluj-Napoca transactions
Description Financing Area Age Total Average price: 1,211 EUR/sqm

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
• Average price – bank-financing:
Trans . no. 1,013 4,628 821 1,594 2,376 850 2,597 3,044 5,641 1,195 EUR/sqm
Trans . val. (EUR'000) 74,256 302,731 86,855 121,579 138,678 29,876 163,843 213,145 376,988
Median u.p. (EUR/s qm) 1,196 1,212 1,120 1,182 1,248 1,327 1,263 1,173 1,006 • Average price – self-financing:
Avg.u.p. (EUR/s qm) 1,195 1,215 1,120 1,200 1,256 1,354 1,256 1,178 1,211 1,215 EUR/sqm
10 Cluj-Napoca@2018
Transactions with apartments City Centre
The City Centre is the main cultural,
financial and administrative area of the
Number of apartments: 568
city and it includes both new and old
buildings with mixt uses and streets Value: EUR 41,952 M
with pedestrian-only use. Avg. Price: 1,293 EUR/sqm
The district is bordered by: Nadas River
(North), Paris St., Pitesti St. and
Somesul Mic River (East), B. P.
Hasdeu St. and Avram Iancu St.
(South), Horea St., G. Cosbuc St. and
L. Pasteur St. (West).
The most important traffic arteries are

21 Decembrie 1989 Blvd., Calea
Dorobantilor, Piata A. Iancu St.,
Memorandumului St., Calea Motilor,
Eroilor St. and Piata Unirii.
The downtown area increased in

density following construction of
several buildings with mixed use. Core
residential areas comprise the Central
Park area, the old city centre, Piata
Cipariu and Piata Stefan cel Mare.
Note: District limits were established based on information provided
by Cluj-Napoca City Hall
Transactions with apartments 2017 - City Centre

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 52 516 93 143 257 75 391 177 568
Trans . val . (EUR'000) 5,221 36,731 12,027 11,386 15,292 3,247 29,558 12,394 41,952
Medi an u.p. (EUR/s qm) 1,354 1,250 1,175 1,208 1,287 1,451 1,319 1,191 1,263
Avg. u. p. (EUR/s qm) 1,336 1,287 1,226 1,270 1,307 1,645 1,334 1,204 1,293
11 Cluj-Napoca@2018
Transactions with apartments Gruia
Gruia District is bordered by: the
railway (North), Horea St. (East),
Grigorescu district (South), Hoia Forest
(West) and mainly comprises individual Value: EUR 4,272 M
villas. Avg. Price: 1,160 EUR/sqm
The most important traffic arteries are

Romulus Vuia St., Gruia St., Emil
Racovita St. and Horea St. It is
established as one of the oldest
residential areas of the city, with
several villas dating from the interwar
period.
After 1990, the district increased

slightly in density and continues to
include luxury residential areas
particularly nearby the Citadel
(Cetatuia). The district is located on a
hill, hence certain areas include an
increased risk of landslides.
Gruia also includes Tetarom I industrial

park (currently with a occupancy rate of
100%).
Transactions with apartments 2017 - Gruia

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 9 53 13 12 26 11 31 31 62
Trans . val . (EUR'000) 896 3,376 1,783 787 1,363 339 1,939 2,333 4,272
Medi an u.p. (EUR/s qm) 1,279 1,185 1,017 1,096 1,205 1,252 1,218 1,156 1,200
Avg. u. p. (EUR/s qm) 1,222 1,144 1,141 1,060 1,216 1,321 1,202 1,126 1,160
12 Cluj-Napoca@2018
Transactions with apartments Andrei Muresanu
Andrei Muresanu is an established
district, located in the South-eastern
part of Cluj-Napoca. It is bordered by:
Avram Iancu St. (North), Constantin Value: EUR 20,358 M
Brancusi St. and Alverna St. (East), Avg. Price: 1,198 EUR/sqm
Becas and Buna Ziua districts (South)
and Bisericii Ortodoxe St. (West).
The main traffic arteries are Calea

Turzii, Constantin Brancusi St. and
Alexandru Bohatiel St. Deemed to be a
luxury residential area, the district
marginally congested after 1989.
It benefits from an adequate

infrastructure and hosts interwar villas,
as well as new buildings.
The new buildings are traded at high

prices, as a result of the proximity to
the downturn area.

Transactions with apartments 2017 - Andrei Muresanu

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 47 232 56 81 115 27 26 253 279
Trans . val . (EUR'000) 3,554 16,804 6,512 6,101 6,616 1,129 2,436 17,922 20,358
Medi an u.p. (EUR/s qm) 1,229 1,202 1,164 1,140 1,229 1,313 1,183 1,207 1,207
Avg. u. p. (EUR/s qm) 1,196 1,198 1,183 1,167 1,223 1,320 1,224 1,194 1,198
13 Cluj-Napoca@2018
Transactions with apartments Marasti
Marasti district (in the North-eastern
part) is bordered by: Rasaritului St.
(North), Fabricii de Zahar St. and
Ialomitei St. (East), Calea Dorobantilor Value: EUR 33,043 M
and Semenicului St. (South), A. Suciu Avg. Price: 1,249 EUR/sqm
St., Paris St., Pitesti St. and Somesul
Mic River (West).
This district contains mostly 4-10 story

residential buildings, as well as few
industrial sites.
The main traffic arteries are Bucuresti

St., Paris St., Fabricii de Zahar St. and
21 Decembrie 1918 Blvd.
Initially designed as a workers’ district,

in recent years it became quite an
expensive area, benefiting from wide
roads and easy access to public
transportation, which connects the
district to the main points of interest of
the city.
The infrastructure is well developed,

including retailers, food markets, office
buildings etc.
Transactions with apartments 2017 - Marasti

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 87 400 56 186 188 57 238 249 487
Trans . val . (EUR'000) 6,393 26,651 5,535 14,599 10,878 2,031 15,677 17,366 33,043
Medi an u.p. (EUR/s qm) 1,250 1,266 1,112 1,227 1,301 1,424 1,301 1,245 1,255
Avg. u. p. (EUR/s qm) 1,270 1,245 1,130 1,249 1,289 1,430 1,267 1,234 1,249
14 Cluj-Napoca@2018
Transactions with apartments Intre Lacuri
Intre Lacuri district (in the Eastern
part of the city) is bordered by: Fabricii
de Zahar St. and Rasaritului St. (North),
Calea Someseni and Becas Creek Value: EUR 21,725 M
(East), Becas Creek and Iulius Mall Avg. Price: 1,234 EUR/sqm
(South), Teodor Mihali St. (West). It
mainly includes blocks of flats and
individual villas. The main traffic
arteries are Dunarii St., Siretului St.
and Aurel Vlaicu St.
The vicinity to Gheorgheni and Marasti

districts as well as the proximity to
Faculty of Economics and Business
Administration and Iulius Mall led to the
expansions of the district and the
construction of new buildings.
The Eastern part of the district contains

an area of individual villas combined
with older houses.

Transactions with apartments 2017 - Intre Lacuri

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 52 372 23 77 146 178 266 158 424
Trans . val . (EUR'000) 3,236 18,489 2,164 5,784 8,546 5,231 12,657 9,068 21,725
Medi an u.p. (EUR/s qm) 1,278 1,214 1,202 1,181 1,283 1,225 1,228 1,263 1,232
Avg. u. p. (EUR/s qm) 1,270 1,228 1,173 1,173 1,276 1,267 1,209 1,271 1,234
15 Cluj-Napoca@2018
Transactions with apartments Gheorgheni
Gheorgheni district (in the South-
eastern part) is bordered by: Gen.
Traian Mosoiu St. and Semenicului St.
(North), T. Mihali St., Amza Pellea St. Value: EUR 43,550 M
and Sopor district (East), Becas Creek Avg. Price: 1,367 EUR/sqm
and Palocsay orchard (South), C-tin
Brancusi St. and Alverna St. (West). It
includes numerous green spaces, 4-10
story residential buildings and
individual villas.
The district is considered one of the
most popular districts, as a result of the
easy access to public transportation,
the wide boulevards, the expansion
FSEGA, the development Iulius Mall
and surrounding offices buildings
(leading to a higher density of
buildings).
The Gheorgheni Sports Base opened
in 2016 (the most modern sports and
leisure complex in the city) offering free
access to all citizens is located in the
district.
Transactions with apartments 2017 - Gheorgheni

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 89 553 51 146 321 124 414 228 642
Trans . val . (EUR'000) 6,485 37,064 5,794 12,147 20,619 4,989 25,969 17,580 43,550
Medi an u.p. (EUR/s qm) 1,364 1,399 1,200 1,326 1,431 1,504 1,345 1,515 1,395
Avg. u. p. (EUR/s qm) 1,349 1,370 1,249 1,310 1,415 1,483 1,320 1,444 1,367
16 Cluj-Napoca@2018
Transactions with apartments Zorilor
Zorilor district is located in the
southern part of the city at the exit
towards Turda.
Value: EUR 18,995 M
Its main borders are B. P. Hasdeu St. Avg. Price: 1,316 EUR/sqm
and Ceahlau St. (North), Calea Turzii
(East), Miko Imre St. and Mircea Eliade
St. (South), Gheorghe Dima St. (West).
The residences have mixed
characteristics, consisting of blocks of
flats and individual villas.
The main traffic arteries are Calea

Turzii, Viilor St., Gh. Dima St. and L.
Pasteur St. It hosts the Observator
student complex and it is located in the
vicinity of the Hasdeu student complex.
After 1990, several office buildings,

shopping areas and residential
constructions were developed.
Currently, Zorilor is one of the highest
rated districts despite increasing
density in recent years.

Transactions with apartments 2017 - Zorilor

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 36 228 39 84 99 42 159 105 264
Trans . val . (EUR'000) 2,794 16,201 4,014 6,791 6,448 1,742 11,656 7,339 18,995
Medi an u.p. (EUR/s qm) 1,313 1,340 1,210 1,294 1,395 1,741 1,394 1,249 1,330
Avg. u. p. (EUR/s qm) 1,282 1,322 1,202 1,282 1,367 1,609 1,359 1,252 1,316
17 Cluj-Napoca@2018
Transactions with apartments Buna Ziua
Buna Ziua district is relatively newly
built and continuously developed,
containing mostly individual villas and
4-10 story residential buildings. Value: EUR 31,911 M
Avg. Price: 1,142 EUR/sqm
The district is bordered by: Andrei
Muresanu district (North), Trifoiului St.
and Macesului St. (East), Mihai
Romanul (South) and Calea Turzii
(West). The main traffic arteries are
Calea Turzii, Mihai Romanul St.,
Fagului St. and Buna Ziua St.
The urbanization incurred in recent

years is of reduced quality as a result
of intense real estate development.
Buna Ziua is located in the vicinity of 3
established residential districts:
Gheorgheni, Andrei Muresanu and
Zorilor.

Transactions with apartments 2017 - Buna Ziua

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 119 297 129 170 113 4 12 404 416
Trans . val . (EUR'000) 9,123 22,788 12,507 12,591 6,672 140 923 30,988 31,911
Medi an u.p. (EUR/s qm) 1,168 1,143 1,130 1,152 1,189 1,164 1,179 1,152 1,153
Avg. u. p. (EUR/s qm) 1,158 1,136 1,106 1,149 1,203 1,149 1,151 1,142 1,142
18 Cluj-Napoca@2018
Transactions with apartments Europa
Europa District is located in the
Southern part of the city, in the area of
Eugen Ionesco St. (the main traffic
artery) and it mainly comprises recent Value: EUR 5,252 M
constructions, mainly individual villas Avg. Price: 1,164 EUR/sqm
for residential use. It is bordered by:
Miko Imre St. and Mircea Eliade St.
(North), Calea Turzii (East) and Colonia
Faget (South and West).
The district represents an area of

intense real estate development
considered to be an extension of Zorilor
district.
In spite of the recent development and

real estate interest exhibited for
individual constructions, the district
lacks in elements of urban integration
(infrastructure, public spaces – parks,
squares).
Nevertheless, the increasing interest in

this area subsequently led to the real
estate development of Colonia Faget.
Transactions with apartments 2017 - Europa

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 10 48 26 15 15 2 - 58 58
Trans . val . (EUR'000) 1,050 4,201 3,065 1,150 952 86 - 5,252 5,252
Medi an u.p. (EUR/s qm) 1,268 1,145 1,126 1,218 1,398 1,682 - 1,187 1,187
Avg. u. p. (EUR/s qm) 1,277 1,139 1,097 1,223 1,311 1,682 - 1,164 1,164
19 Cluj-Napoca@2018
Transactions with apartments Grigorescu
Grigorescu district (in the North-
western part) is bordered by: Hoia
Forest (West) and Gruia district (North),
City Centre (East), Somesul Mic River Value: EUR 18,933 M
(South). Avg. Price: 1,246 EUR/sqm
It is crossed by 4 main traffic arteries:

Donath St., Eremia Grigorescu St., 1
Decembrie 1918 Blvd. and Alexandru
Vlahuta St. The district includes 4-10
story residential buildings, as well as
individual residences and villas.
Grigorescu is considered to be a
classic residential district. After 1990
new blocks of flats were built in certain
areas.

Transactions with apartments 2017 - Grigorescu

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 61 201 37 79 128 18 213 49 262
Trans . val . (EUR'000) 4,494 14,439 4,142 6,210 7,867 714 14,393 4,540 18,933
Medi an u.p. (EUR/s qm) 1,323 1,273 1,143 1,210 1,333 1,392 1,273 1,399 1,207
Avg. u. p. (EUR/s qm) 1,279 1,235 1,152 1,229 1,305 1,362 1,232 1,289 1,246
20 Cluj-Napoca@2018
Transactions with apartments Plopilor
Plopilor district (in the Western part)
is bordered by: Somesul Mic River
(North), G. Cosbuc St. (East), Calea
Manastur (South) and Plopilor St. and Value: EUR 6,575 M
Morii Channel (West). Avg. Price: 1,238 EUR/sqm
It mainly comprises blocks of flats and

individual villas. The most important
traffic arteries are Splaiul Independetei,
G. Cosbuc St., Calea Manastur and
Plopilor St.
The district is located between two

classic residential districts, respectively
Grigorescu and Manastur, with a
recently developed residential area
(“Plopilor Noi”).
The main landmarks include: Cluj

Arena Stadium, Indoor Sports Arena,
Babes Park and Horia Demian Sports
Hall.

Transactions with apartments 2017 - Plopilor

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 8 71 19 31 25 4 46 33 79
Trans . val . (EUR'000) 512 6,063 2,308 2,577 1,543 146 3,375 3,199 6,575
Medi an u.p. (EUR/s qm) 1,261 1,234 1,195 1,270 1,282 1,004 1,222 1,282 1,240
Avg. u. p. (EUR/s qm) 1,197 1,241 1,179 1,251 1,268 1,887 1,220 1,256 1,238
21 Cluj-Napoca@2018
Transactions with apartments Manastur
Manastur District is located at the exit
direction towards Oradea. It is bordered
Number of apartments: 1,054
by: The Park of Roses, Calea Manastur,
Calvaria (North), Manastur cemetery Value: EUR 69,018 M
(East), Faget forest (South), Colinei St. Avg. Price: 1,210 EUR/sqm
(West).
It is the most populated district, mainly

comprising 8-10 story residential
buildings.
The main traffic arteries: Calea Floresti,

Calea Manastur, Izlazului St.,
Mehedinti St., Primaverii St. and
Campului St. Campului is one of the
most intense real estate development
areas, with development of individuals
lots prevailing.
Consequently, this area is

characterized by lack of urban
integration elements and by an
urbanization of low quality.

Transactions with apartments 2017 - Manastur

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 189 865 149 290 449 166 642 412 1,054
Trans . val . (EUR'000) 13,506 55,512 13,775 22,687 26,431 6,125 37,838 31,179 69,018
Medi an u.p. (EUR/s qm) 1,183 1,270 1,080 1,222 1,306 1,383 1,222 1,316 1,255
Avg. u. p. (EUR/s qm) 1,166 1,221 1,054 1,209 1,276 1,362 1,191 1,234 1,210
22 Cluj-Napoca@2018
Transactions with apartments Dambul Rotund
Dambul Rotund is located at the exit
towards Zalau.
The main borders are: Lomb Forest Value: EUR 9,863 M
and Valea Seaca (North), the city train Avg. Price: 1,019 EUR/sqm
station, Odobesti St. and Oasului St.
(East), the railway and Nadas Creek
(South), Baciu village (West).
Located in the peripheral area of the

city, the district mainly comprises
individual villas and industrial sites.
The main traffic arteries are: Dambul

Maramuresului St., Corneliu Coposu St. Rotund
and Tudor Vladimirescu St.
Marasti
Transactions with apartments 2017 - Dambul Rotund

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 26 160 22 28 100 36 51 135 186
Trans . val . (EUR'000) 1,824 8,040 2,297 1,803 4,973 790 1,815 8,048 9,863
Medi an u.p. (EUR/s qm) 1,035 1,027 924 1,049 1,034 1,006 1,005 1,038 1,027
Avg. u. p. (EUR/s qm) 1,013 1,020 977 1,039 1,039 979 1,011 1,021 1,019
23 Cluj-Napoca@2018
Transactions with apartments Bulgaria
Bulgaria district (located in the
Northern part) is bordered by: Somesul
Mic River (North and West), Beiusului
St. (East), Rasaritului St. (South), Value: EUR 2,524 M
mainly comprising industrial real estate Avg. Price: 863 EUR/sqm
properties.
The main traffic arteries are Campina

St., Plevnei St., Tabacarilor St.,
Portelanului St. and Fabricii St.

Transactions with apartments 2017 - Bulgaria

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 3 62 1 12 42 10 8 57 65
Trans . val . (EUR'000) 120 2,404 102 589 1,514 319 252 2,272 2,524
Medi an u.p. (EUR/s qm) 973 856 983 823 824 972 903 855 858
Avg. u. p. (EUR/s qm) 970 858 983 816 854 979 897 860 863
24 Cluj-Napoca@2018
Transactions with apartments Iris
Iris district is located in Northern part
of the city, in the industrial area. It is
limited by: Valea Chintaului (North), the
exist route towards Apahida (West), Value: EUR 12,741 M
Somesul Mic River (South), Oasului St. Avg. Price: 1,074 EUR/sqm
and Odobesti St. (West).
It contains a mix of industrial real estate

blocks of flats and individual villas.
The main traffic arteries are Oasului St.,

Muncii Blvd., Fabricii St. and
Maramuresului St.
Iris

Transactions with apartments 2017 - Iris

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 87 156 15 37 145 46 37 206 243
Trans . val . (EUR'000) 5,145 7,596 1,406 2,712 7,297 1,326 1,232 11,509 12,741
Medi an u.p. (EUR/s qm) 1,099 1,099 860 1,079 1,096 1,229 1,218 1,092 1,099
Avg. u. p. (EUR/s qm) 1,074 1,074 900 1,107 1,086 1,175 1,171 1,065 1,074
25 Cluj-Napoca@2018
Transactions with apartments Someseni
Someseni district, is located in the
Eastern part of the city, at the exit route
towards Apahida.
Value: EUR 11,992 M
It is bordered by: Somesul Mic River Avg. Price: 1,075 EUR/sqm
and Muncii Blvd. (North), Apahida-
Valcele ring-road (East), Someseni St.
(South), Beiusului St. (West).
Located at the peripheral area of the

city, this district mainly includes
individual villas and industrial sites, as
well as the Cluj-Napoca airport.
The main traffic arteries are Traian

Vuia St., Capitan Grigore Ignat St.,
Cantonului St., Calea Someseni and Someseni
Platanilor St.
The expansion of the airport runways
took place along with the increase in
density of the residential area.
Transactions with apartments 2017 - Someseni

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 35 160 22 71 84 18 61 134 195
Trans . val . (EUR'000) 2,289 9,704 1,993 4,966 4,595 439 4,004 7,988 11,992
Medi an u.p. (EUR/s qm) 1,073 1,052 997 1,060 1,057 1,106 1,218 1,021 1,060
Avg. u. p. (EUR/s qm) 1,103 1,068 1,011 1,097 1,080 1,082 1,197 1,022 1,075
26 Cluj-Napoca@2018
Transactions with apartments Borhanci
Colonia Borhanci is located in the
South of the Palocsay orchard and
East of Becas district.
Value: EUR 13,978 M
The main focus for this district are the Avg. Price: 1,044 EUR/sqm
residential real estate developments.
The area mainly comprises of individual
dwellings (G or G+1F) as well as 4
story.
The district has a low quality

urbanization lacking infrastructure
elements (utilities, roads), parks,
educational establishments and food
markets.

Transactions with apartments 2017 - Borhanci

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 54 166 34 95 59 32 1 219 220
Trans . val . (EUR'000) 3,771 10,207 3,710 5,988 3,196 1,084 40 13,938 13,978
Medi an u.p. (EUR/s qm) 1,057 1,052 1,003 1,047 1,090 962 1,051 1,053 1,053
Avg. u. p. (EUR/s qm) 1,033 1,048 995 1,047 1,108 1,029 1,051 1,044 1,044
27 Cluj-Napoca@2018
Transactions with apartments Sopor
Colonia Sopor is located in South-
eastern part of the city, close to the
Palocsay orchard and Gheorgheni and
Intre Lacuri district. Buildings part of Value: EUR 7,934 M
this district mainly have a residential Avg. Price: 1,196 EUR/sqm
use (mostly individual villas).
In recent years, Sopor was intensely

developed as a result of favourable
urban planning restrictions (including
blocks of flats of 4-10 floors).
As a newly developed district, it lacks

urban integration elements
(infrastructure, public spaces, squares).
The Gheorgheni Sports Base, a sports

and leisure compound opened in 2016,
is located in the proximity of this District.

Transactions with apartments 2017 - Sopor

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 42 73 21 30 64 - - 115 115
Trans . val . (EUR'000) 3,022 4,912 1,933 2,126 3,875 - - 7,934 7,934
Medi an u.p. (EUR/s qm) 1,174 1,196 1,170 1,186 1,206 - - 1,190 1,190
Avg. u. p. (EUR/s qm) 1,196 1,196 1,134 1,179 1,239 - - 1,196 1,196
28 Cluj-Napoca@2018
Transactions with apartments Faget
Colonia Faget is located in the
Southern part of the city, in the
proximity of the Faget forest and
Europa district. Value: EUR 1,608 M
Avg. Price: 1,086 EUR/sqm
The characteristics of the district
include wooded areas and areas with a
residential use (mainly including villas).
The district has a large potential for

residential development. It lacks urban
integration elements (educational
establishments, infrastructure, public
spaces).

Transactions with apartments 2017 - Faget

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 5 10 10 5 - - 1 14 15
Trans . val . (EUR'000) 573 1,036 1,149 460 - - 78 1,531 1,608
Medi an u.p. (EUR/s qm) 1,247 1,098 1,098 1,300 - - 1,063 1,183 1,147
Avg. u. p. (EUR/s qm) 1,167 1,045 1,028 1,260 - - 1,063 1,087 1,086
29 Cluj-Napoca@2018
Transactions with apartments Becas
Colonia Becas is located Southeast of
Buna Ziua district and South of Andrei
Muresanu and Gheorgheni districts.
Value: EUR 765 M
The district is characterized by Avg. Price: 987 EUR/sqm
individual residential dwellings (houses,
villas) with a height of GF or GF+1F. It
lacks urban integration elements
(infrastructure, green spaces, squares).

Transactions with apartments 2017 - Becas

Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . No. 2 5 5 2 - - - 7 7
Trans . val . (EUR'000) 249 516 639 126 - - - 765 765
Medi an u.p. (EUR/s qm) 909 1,111 909 990 - - - 909 909
Avg. u. p. (EUR/s qm) 909 1,029 986 989 - - - 987 987
30 Cluj-Napoca@2018
2. Transactions with houses
Number of houses: 403 Avg. GBA of a house: 204 sqm Transactions with houses in 2017 - Cluj-Napoca
Value of transactions: EUR 61.7 mil. Avg. price: 757 EUR/sqm (computed District Trans. No. Val. Trans.
by division with GBA, includes the EUR'000
Approx. 51% of the value of land value) Andrei Mures a nu 36 8,382
transactions: Andrei Muresanu, city
Beca s 7 1,325
centre, Dambul Rotund, Borhanci • Avg. house price <1990: 739
and Iris EUR/sqm Borha nci 33 4,702
Bul ga ri a 12 1,182
The largest number of transactions • Avg. house price >1990: 765 Buna Zi ua 23 2,876
with houses: Dambul Rotund, Andrei EUR/sqm Centru 31 8,287
Muresanu, Borhanci, Iris and city Da mbul Rotund 54 5,887
centre Self-financing: 77% of transactions
value Europa 13 2,419
Normalized sample: 294 houses Fa get 21 2,821
Intre La curi 11 1,222
Value of transactions: EUR 45.4 mil.
Gheorgheni 17 3,034
Avg. land area of a house: 456 sqm Gri gores cu 15 1,704
Grui a 27 3,978
Iri s 33 4,364
Ma na s tur 17 2,530
Transactions with houses in 2017 - Cluj-Napoca (normalized sample) Ma ra s ti 10 854
Description Financing Age Total Pl opi l or 4 835
Bank Cash <1990 >=1990 Somes eni 15 1,447
Number of tra ns a cti ons 69 225 96 198 294 Sopor 4 440
Va l ue of tra ns a cti ons (EUR'000) 12,055 33,431 13,306 32,180 45,486 Zori l or 19 3,315
Gros s bui l t a rea (s qm) 13,405 46,648 17,998 42,054 60,053 Other a rea s 1 130
La nd a rea (s qm) 31,539 102,516 44,934 89,121 134,055 Total 403 61,733
Avg. l a nd a rea (s qm) 457 456 468 450 456 Source: Analysis of the database provided by Cluj-Napoca City Hall
Avg. gros s bui l t a rea (s qm) 194 207 187 212 204
Avg. uni t pri ce (EUR/s qm GBA) 899 717 739 765 757
Note: To obtain a normalized sample of transactions, from the 403 transactions with houses we selected houses with a min 150 sqm area of land and a min 80
sqm GBA with a FAR (Floor Area Ratio) between 0.2 and 1.2; these transactions represent 79% of the total value of transactions with houses.
31 Cluj-Napoca@2018
3. Transactions with plots of land
Number of plots of land: 610 Transactions with plots of land in 2017 - Cluj-Napoca
Value of transactions: EUR 32.7 mil. District Trans. no. Area Val. Tranz.
sqm EUR'000
Over 51% of transactions value:
Andrei Mures a nu 15 11,077 2,375
Borhanci, Sopor, Manastur and Iris
Beca s 11 9,979 612
The largest number of transactions Borha nci 58 79,985 4,895
with plots of land in: Iris, Sopor, Bul ga ri a 4 2,103 160
Manastur, Borhanci and Dambul Buna Zi ua 14 11,731 806
Rotund Centru 6 3,183 839
Total land area traded: 879,542 sqm Da mbul Rotund 43 39,245 2,624
Europa 11 9,578 1,085
Most numerous transactions areas Fa get 18 18,876 1,435
between 500-1,000 sqm Intre La curi 2 288 13
Most valuable transactions areas Gheorgheni 1 900 280
over 1,000 sqm Gri gores cu 7 4,819 653
Grui a 3 1,774 273
Self-financing: 99% of transactions
Iri s 89 76,084 3,178
value
Ma na s tur 59 76,810 4,003
Ma ra s ti 6 4,318 907
Pl opi l or 1 152 6
Somes eni 13 8,319 693
Transactions with plots of land in 2017 - Cluj-Napoca
Sopor 64 206,963 4,663
Description Financing Area Total Zori l or 3 2,352 717
Bank Cash <100 mp 100-300 sqm 300-500 sqm500-1000 sqm >1000 sqm Other a rea s 182 311,007 2,491
Trans . no. 12 598 - 52 51 265 242 610 Total 610 879,542 32,707
Trans . val. (EUR'000) 2,357 30,350 - 833 2,307 11,000 18,567 32,707 Source: Analysis of the database provided by Cluj-Napoca City Hall
Area (s qm) 11,981 867,561 - 9,518 20,887 178,030 671,107 879,542
32 Cluj-Napoca@2018
Evolution of the real estate market in Cluj-Napoca
2013 - 2017
Evolution of real estate transactions market
2013 - 2017
€ 700 mil. 700
€ 594 mil.
€ 600 mil. 600
€ 500 mil. € 457 mil. 500
€ 400 mil. € 358 mil. 400

€ 284 mil.
€ 300 mil. 300
€ 200 mil.
€ 200 mil. 200
€ 100 mil. 100
€ 0 mil. -
2013 2014 2015 2016 2017
Transactions
Evolution of the financing structure 2013 - 2017

(Self-finance/ Bank)
€ 700 mil.
€ 600 mil.
€ 500 mil.
€ 400 mil. € 412 mil. 69%
€ 300 mil.
€ 379 mil. 83%
€ 266 mil. 74%
€ 200 mil.
€ 240 mil. 84%
€ 153 mil.
€ 100 mil. 77% € 182 mil. 31%
€ 92 mil. 26% € 78 mil. 17%
€ 47 mil. 23% € 44 mil. 16%
€ 0 mil.
2013 2014 2015 2016 2017
Bank Self-finance
33 Cluj-Napoca@2018
Evolution of the real estate market in Cluj-Napoca
2013 - 2017
Evolution of the transaction type 2013 - 2017
€ 700 mil. (Apt./ Houses/ Plot of lands/ Other propr.)
€ 33 mil.
€ 600 mil.
€ 62 mil.
€ 500 mil. € 20 mil.
€ 123 mil.
€ 400 mil. € 16 mil.
€ 61 mil.
€ 88 mil.
€ 16 mil. € 51 mil.
€ 300 mil.
€ 36 mil. € 64 mil.
€ 15 mil.
€ 200 mil. € 20 mil.
€ 63 mil. € 377 mil.
€ 25 mil. € 287 mil.
€ 100 mil. € 226 mil.
€ 140 mil. € 169 mil.
€ 0 mil.
2013 2014 2015 2016 2017
Apartments Other properties Houses Plots of land
Evolution of apartment transactions Cluj-Napoca 2013 - 2017

1,400 €/sqm € 400 mil.
1,211 €/sqm
1,200 €/sqm € 350 mil.
1,000 €/sqm
1,000 €/sqm 873 €/sqm
€ 300 mil.
821 €/sqm 836 €/sqm
€ 250 mil.
800 €/sqm
€ 200 mil.
600 €/sqm
€ 150 mil.
400 €/sqm € 100 mil.
200 €/sqm € 50 mil.
€ 140 mil. € 169 mil. € 226 mil. € 287 mil. € 377 mil.
0 €/sqm € 0 mil.
2013 2014 2015 2016 2017
Transaction value Average unit price
34 Cluj-Napoca@2018
Conclusions
Real estate transactions Cluj-Napoca 2017
Real estate transactions Cluj-Napoca 2017

Number: 8,772 transactions
Value: EUR 594.2 mil
Apartments Houses
Number: 5,641 transactions Number: 403 transactions
Value: EUR 376.9 mil. Value: EUR 61.7 mil.
Plots of land
Number: 610 transactions
Value: EUR 32.7 mil.
Other properties
(transactions performed by legal entities, transactions with
commercial/ office/ industrial/ auxiliary real estate properties)
Number: 2,118 transactions (legal entities: 834 transactions
accounting for 39% of total)
Value: EUR 122.7 mil. (legal entities: EUR 108.4 mil.
accounting for 88% of total)
35 Cluj-Napoca@2018
Conclusions
Summary of transactions with apartments by district Cluj-Napoca 2017
Avg. price
apartments:
1,211
EUR/sqm 1,074
Avg. price –
EUR/sqm
bank
financing: 1,075
863
1,019 EUR/sqm
1,195 EUR/sqm
EUR/sqm
EUR/sqm Avg. price – 1,249

self- 1,160 EUR/sqm 1,234
financing:
EUR/sqm
EUR/sqm
1,215 1,246
EUR/sqm
1,293
EUR/sqm EUR/sqm
1,367
1,238 EUR/sqm
EUR/sqm 1,196
1,198 EUR/sqm
EUR/sqm
1,210 1,316
EUR/sqm EUR/sqm
1,044
1,164 EUR/sqm
1,142
EUR/sqm EUR/sqm
987
EUR/sqm
1,086
EUR/sqm

36 Cluj-Napoca@2018
Appendices
Various statistics
Monthly structure of real estate transactions in Cluj-Napoca in 2017 The streets with the largest number of transactions
Month Type of property Financing Total No. Street No. of trans.
EUR Land House Apt. Other Self Bank crt.
Ja nua ry 14 16 248 66 235 109 344 1 Ca l ea Ma na s tur 327
Februa ry 41 38 452 169 549 151 700 2 Buna Zi ua 291
Ma rch 62 32 437 162 566 127 693 3 Borha nci ul ui 204
Apri l 59 34 350 163 468 138 606 4 Soporul ui 194
Ma y 73 40 442 169 590 134 724 5 Bol oga Va l eri u 167
June 53 38 487 188 620 146 766 6 Soba ri l or 162
Jul y 47 41 465 139 550 142 692 7 Ca l ea Turzi i 153
Augus t 48 30 469 141 547 141 688 8 Cojocnei 145
September 61 39 628 199 754 173 927 9 Pl oi es ti 134
October 41 37 544 217 635 204 839 10 Aurel Vl a i cu 132
November 58 27 535 207 638 189 827 Top 10 1,909
December 53 31 584 298 706 260 966 Tota l tra ns a cti ons 2017 8,772
Total 610 403 5,641 2,118 6,858 1,914 8,772 % Top 10 of Total 22%
Source: Analysis of the database provided by Cluj-Napoca City Hall Source: Analysis of the database provided by Cluj-Napoca City Hall
Monthly value of real estate transactions in Cluj-Napoca in 2017 The streets with the most valuable transactions
Month Type of property Financing Total No. Street Trans. val. (EUR)
EUR Land House Apt. Other Self Bank crt.
Ja nua ry 722,625 2,431,895 15,904,395 7,070,369 16,772,020 9,357,264 26,129,284 1 Ca l ea Ma na s tur 24,211,334
Februa ry 1,531,772 4,626,685 30,014,982 8,945,998 31,494,651 13,624,785 45,119,436 2 Buna Zi ua 19,227,887
Ma rch 4,397,125 3,775,964 28,345,882 6,743,416 32,152,046 11,110,341 43,262,387 3 Doroba nti l or 14,974,885
Apri l 2,150,047 5,848,276 23,649,274 6,960,386 26,388,797 12,219,186 38,607,982 4 Soporul ui 13,010,515
Ma y 3,731,225 5,682,609 29,593,758 8,085,541 33,520,427 13,572,706 47,093,133 5 Bol oga Va l eri u 12,566,948
June 3,004,371 8,106,553 31,776,956 6,826,716 37,759,376 11,955,220 49,714,596 6 Borha nci ul ui 12,221,040
Jul y 3,223,191 6,493,552 31,106,487 4,801,069 33,803,407 11,820,891 45,624,298 7 Ca l ea Turzi i 9,903,555
Augus t 2,776,971 5,425,290 29,471,748 11,867,765 31,987,185 17,554,589 49,541,773 8 Pl oi es ti 9,901,311
September 2,841,883 5,710,698 43,245,477 8,489,595 45,829,548 14,458,106 60,287,654 9 Aurel Vl a i cu 8,679,133
October 2,097,535 4,942,500 38,120,691 12,893,366 39,769,274 18,284,818 58,054,093 10 Gri gore Al exa ndres cu 8,011,913
November 4,027,469 3,219,182 36,183,192 8,231,207 38,081,883 13,579,167 51,661,050 Top 10 132,708,521
December 2,203,186 5,470,270 39,574,675 31,852,118 44,887,695 34,212,554 79,100,248 Tota l tra ns a cti ons 2017 594,195,934
Total 32,707,400 61,733,474 376,987,517 122,767,544 412,446,309 181,749,626 594,195,934 % Top 10 of Total 22%
Source: Analysis of the database provided by Cluj-Napoca City Hall Source: Analysis of the database provided by Cluj-Napoca City Hall
37 Cluj-Napoca@2018
Appendices Structure of real estate transactions in Cluj-Napoca in 2017 - by origin of the buyer
Various statistics Buyer
Land
Type of property
House Apt. Other Self
Financing
Bank
Total
Externa l 9 7 122 13 150 1 151

Roma ni a from whi ch: 601 396 5,519 2,105 6,708 1,913 8,621
County Cluj 528 340 3,693 1,621 4,796 1,386 6,182
County Maramures 6 6 268 78 294 64 358
County Bistrita Nasaud 15 5 243 116 281 98 379
County Salaj 6 5 210 35 208 48 256
County Alba 7 5 188 53 204 49 253
County Mures 6 4 165 23 157 41 198
County Satu Mare 10 6 165 35 174 42 216
County Bihor 2 3 101 21 106 21 127
County Hunedoara 3 5 80 24 88 24 112
County Suceava 4 2 72 14 71 21 92
County Sibiu 3 4 62 14 60 23 83
Other Counties 11 11 272 71 269 96 365
Total 610 403 5,641 2,118 6,858 1,914 8,772
Value of real estate transactions in Cluj-Napoca in 2017 - by origin of the buyer

Buyer Type of property Financing Total
EUR Land House Apt. Other Self Bank
Externa l 852,923 1,076,855 9,064,654 3,483,008 14,413,390 64,050 14,477,440
Roma ni a from whi ch: 31,854,477 60,656,619 367,922,862 119,284,536 398,032,919 181,685,576 579,718,494
County Cluj 26,828,322 49,948,134 245,597,991 86,576,271 277,161,466 131,789,252 408,950,718
County Maramures 600,468 1,551,500 17,851,458 2,042,139 17,274,376 4,771,189 22,045,565
County Bistrita Nasaud 594,943 678,297 15,854,635 6,560,609 16,555,139 7,133,345 23,688,484
County Salaj 97,056 856,227 13,276,671 1,595,176 11,842,955 3,982,175 15,825,130
County Alba 322,409 745,549 11,895,956 5,966,507 13,271,022 5,659,399 18,930,421
County Mures 1,446,101 567,989 11,251,200 664,795 10,648,175 3,281,910 13,930,084
County Satu Mare 772,192 1,294,704 11,498,200 1,134,683 11,939,368 2,760,412 14,699,780
County Bihor 95,000 433,500 6,685,485 526,998 6,408,934 1,332,049 7,740,983
County Hunedoara 121,831 811,026 5,226,781 381,587 4,805,154 1,736,070 6,541,224
County Suceava 134,800 142,188 4,895,808 491,917 4,144,747 1,519,965 5,664,712
County Sibiu 210,218 752,323 4,456,220 1,338,774 4,999,265 1,758,269 6,757,534
Other Counties 631,137 2,875,182 19,432,458 12,005,081 18,982,316 15,961,542 34,943,858
Total 32,707,400 61,733,474 376,987,517 122,767,544 412,446,309 181,749,626 594,195,934
38 Cluj-Napoca@2018
Appendices
Approach of the analysis
• For the first time in Romania, Cluj-Napoca City Hall has collected and summarized the • In order to conclude on the information at hand, our target was to derive a unit price for
real estate transactions concluded within the city limits through the Local Tax Department each type of real estate property. Therefore, we used the net area as benchmark for
in order to provide citizens and other interested people with relevant information on the apartments, whereas for houses we used the gross built area. The transactions were
real estate market in Cluj-Napoca. analysed by type (plots of land, houses, apartments and other real estate properties) and
were also analysed based on the financing sources.
• The object of the transactions includes real estate properties consisting of plots of land,
houses (land and buildings), apartments or other types of real estate properties, including • City districts were delimited using publicly available information. Subsequently, in order to
the transactions carried by legal entities, as well as transactions carried by individuals with avoid the distortion of the extrapolated conclusions, the location of the streets was verified
auxiliary real estate properties and other types of properties. The transactions recorded in in the database. The maps included in the document are based on information from the
the database are concluded in different currencies (RON, USD, EUR). The database database provided by Cluj-Napoca City Hall. Districts are delimited by proximity, while
provides information on real estate properties within the area of Cluj-Napoca as follows: areas are not considered homogeneous in term of attractiveness on the real estate
type of real estate property, physical characteristics, year of the construction, location and market.
type of financing (self-financing or bank loan).
• Following the dissemination, an average price of the apartments, per district could be
• Most Cluj-Napoca districts include both established real estate areas and recently determined, respectively an average unit price for the entire city. For home and land
developed and expanded areas. As a result, the average prices are not applicable to any transactions, a global analysis was carried out at the municipality level.
property, but rather reflect the average price of the real estate properties traded in the
• Transactions with commercial, industrial and office properties are included in “Other real
past year, prices which are influenced by age, physical characteristics (type, endowments,
estate properties”; transactions with auxiliary or mixed use properties summed up to an
size, degree of comfort), location and position (vicinities, street, direction, floor, proximity
insufficient number, hence we could not reach a conclusion on average unit prices.
of public transport) etc.
• The relevance, accuracy and quality of the information utilized in our analysis is derived
• In order to standardize the results, the transactions were converted into EUR currency,
from the database provided by the City Hall and the transactions are not homogeneously
based on the average exchange rate published by the National Bank of Romania for the
distributed by districts.
month in which the transactions were concluded.
• The information which are the basis of this guide is general. Cluj-Napoca City Hall and the
• The relevant records forming the statistical population under analysis refer to a total of
authors do not take responsibility for any decisions that are made on the basis of
8,772 real estate properties, traded during January – December 2017.
information from this brochure. We did not carry out an individual analysis of each
• The main criteria utilized for the analysis of the real estate transactions were type of real transaction; our purpose was to make the information available in a comprehensible and
estate property, the district in which the real estate property is located, financing method useful format for the reader.
for the acquisition and area of the real estate property. According to the type of real estate
property, the transactions under analysis can be grouped as follows:
• 610 transactions with plots of land

• 403 transactions with houses (land and buildings)
• 5,641 transactions with apartments
• 2,118 transactions representing transactions carried by legal entities, as well as
transactions with various auxiliary real estate properties, such as storage units,
garages, parking lots, non-residential real estate properties traded by individuals.
39 Cluj-Napoca@2018
Sources of information
• Database with real estate transactions provided by the Local Tax • www.clujbusiness.ro
Department of the Cluj-Napoca City Hall
• www.clujmanifest.ro
• www.primariaclujnapoca.ro
• www.numbeo.com
• www.bnr.ro
• www.ro.cluj2015.eu
• www.insse.ro
• www.storia.ro
• Wikipedia
• www.forbes.ro
• Google Maps
• www.stiridecluj.ro
• Wikimapia
• www.ziuadecj.ro
• www.cluj.com
• www.transilvaniareporter.ro
• www.visitcluj.ro
• www.zf.ro
• www.monitorulcluj.ro
• www.adevarul.ro
Project coordinated by Adrian Vascu, Senior Partner Veridio, member of ANEVAR Board ANEVAR 2008-2009 and
2014-2015 and member of UPLR‘s Executive Board (President) 2018-2019
Team: Paul Bândea, Anca Bândea, Bianca Moiș, Paula Teodorescu, Larisa Becheș with the support of
Photo credit: Bogdan Cojocaru and Groza Adina
40 Cluj-Napoca@2018
Cluj-Napoca City Hall
and Local Council
Cluj-Napoca@2017

Real Estate Transactions Guide Cluj-Napoca 2017 (EN)

Caricato da

Informazioni sul documento

Titolo originale

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

Real Estate Transactions Guide Cluj-Napoca 2017 (EN)

Caricato da

Copyright:

Formati disponibili

5th Edition

Cluj-Napoca and Key figures Did you know?

Cluj-Napoca Evolution of the

Source: Google Maps, Cluj-Napoca City Hall

The structure of the real estate transactions in Cluj-Napoca in 2017

• Our analysis of transactions with apartments (5,641) is presented in detail.

• 69% of the real estate transactions (value) were self-financed.

Value of real estate transactions in Cluj-Napoca in 2017

Transactions with apartments in 2017 - Cluj-Napoca

Description Financing Area Age Total Average price: 1,211 EUR/sqm

The most important traffic arteries are

The downtown area increased in

Transactions with apartments 2017 - City Centre

The most important traffic arteries are

After 1990, the district increased

Gruia also includes Tetarom I industrial

Transactions with apartments 2017 - Gruia

The main traffic arteries are Calea

It benefits from an adequate

The new buildings are traded at high

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Andrei Muresanu

This district contains mostly 4-10 story

The main traffic arteries are Bucuresti

Initially designed as a workers’ district,

The infrastructure is well developed,

Transactions with apartments 2017 - Marasti

The vicinity to Gheorgheni and Marasti

The Eastern part of the district contains

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Intre Lacuri

Transactions with apartments 2017 - Gheorgheni

The main traffic arteries are Calea

After 1990, several office buildings,

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Zorilor

The urbanization incurred in recent

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Buna Ziua

The district represents an area of

In spite of the recent development and

Nevertheless, the increasing interest in

Transactions with apartments 2017 - Europa

It is crossed by 4 main traffic arteries:

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Grigorescu

It mainly comprises blocks of flats and

The district is located between two

The main landmarks include: Cluj

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Plopilor

It is the most populated district, mainly

The main traffic arteries: Calea Floresti,

Consequently, this area is

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Manastur

Located in the peripheral area of the

The main traffic arteries are: Dambul

Transactions with apartments 2017 - Dambul Rotund

The main traffic arteries are Campina

Source: Google Maps, Cluj-Napoca City Hall

Transactions with apartments 2017 - Bulgaria

It contains a mix of industrial real estate