Cluj-Napoca City Hall

and Local Council Cluj-Napoca 2018

 Foreword
Collecting data and using it to better understand how the city works is a process
underlying any smart city.
The numbers allow us to see whether the evolution is in line with the city's long-term
development strategy, but also assure us that we can take action as soon as possible, if
needed, to redress trends in the targeted direction.
This is why an endeavor coming from market specialists towards the community and
local administration is all the more valuable, because it brings with it the expertise and
effort of well documented people along with the constancy of analyzing this type of
very specific data on an annual basis.
Cluj is made up by the people of the city, and this is an example of good practice on how
the local ecosystem of innovation can generate a context that will lead to the city's
development.
Transparency, communication and availability of the analyzed and processed data are
elements that make the Real Estate Transactions Guide a very useful tool for the
residents of Cluj and for those who choose Cluj as destination for their investments.
Emil Boc
Mayor of Cluj-Napoca

2
Dear readers,
The 6th Edition of the Real Estate Transactions Guide, carried
out by Veridio in partnership with the City Hall of Cluj-
Napoca, is based on the information collected by the City Hall
from the sale-purchase agreements concluded in 2018, this
year also including a short section about the first 5 months of
2019.
As one more edition is added to the collection of the Cluj-
Napoca Real Estate Transactions Guide, it becomes more and
more relevant, remaining a greenfield initiative for Romania.
The 2018 real estate market in Cluj-Napoca witnessed an
intensive activity, with real estate transactions of over EUR
640 million, up 8% over the previous year.
3
67% of the money invested in real estate purchases came from Out of the EUR 214 million traded in the first 5 months of
own resources in 2018, and the main destination remained 2019, apartment purchases remain the driver of the real
the segment of apartments, with 64% of the total. estate market, accounting for 64% of the total, with 83%
financed out of own resources. The average price/ square
The 2018 average price per square meter for apartments is
meter derived from the 1,899 apartment transactions carried
1,287 EUR/ sqm, up 6.3% from 2017, upholding Cluj-Napoca as
out in 2019 is 1,333 EUR/ sqm, 3.6% higher than in 2018. The
the city with the most effervescent real estate market in
forthcoming edition will show the figures of the whole year
Romania since the real estate crisis that commenced 10 years
2019.
ago.
We invite you to find many other interesting details by
The growing interest for this top region of the country
browsing the pages of this new edition.
comes, in a significant proportion, from the neighboring
counties, such as Maramureș, Bistrița-Năsăud, Alba, Sălaj, Adrian Vascu
Mureș and Satu Mare, so that over 32% of the 2018 buyers
Senior Partner Veridio
come from other counties, and just under 2% come from
across the borders.
 The districts of Cluj-Napoca

Some key figures

Did you know...

Real estate transactions in 2018

Transactions with apartments

Transactions with houses

Transactions with plots of land

Real estate transactions 2019

Conclusions
4
 The districts of Cluj-Napoca
At present, Cluj-Napoca's districts are: Centru, Zorilor, Mănăștur,
Grigorescu, Gheorgheni, Andrei Mureșanu, Mărăști, Iris, Bulgaria, Dâmbul
Rotund, Someșeni, Plopilor, Gruia, Între Lacuri, Bună Ziua, Europa,
Colonia Sopor, Colonia Făget, Colonia Borhanci, Colonia Becaș and the
adjacent area.
The period of real estate expansion led to the densification of
consecrated districts, respectively Gheorgheni, Mărăști, Andrei Mureșanu,
Zorilor, Gruia, Grigorescu, Mănăștur, Plopilor, as well as looking for less
dense areas, conducive to development, such as Câmpului (Mănăștur),
Bună Ziua, Europa, Plopilor Noi, Făget, Becaș, Borhanci și Sopor.

Source: Google Maps, Cluj-Napoca City Hall

5
 Some key figures
The total value of real estate transactions in 2018 was close to EUR 642
million, more than double compared to EUR 284 million traded in 2014

In 2018 the total value of transactions increased by 8% compared to the

previous year and by 41% compared to 2016

The largest share of the total EUR 642 million was represented by the
transactions with apartments, accounting for 64% of the total

The average price per square meter of the apartments traded in 2018 was
1,287 EUR/ sqm, 8% higher than the average square meter price of 1,211
EUR/ sqm recorded in 2017

Real estate purchases funded by bank loans in 2018 accounted for 33% of
the total value of transactions, compared to 31% in 2017.

Acquisitions of individuals (81% of the traded value) were financed in

excess of 80% from their own resources.

Acquisitions of legal entities accounted for 19% of transactions value, and

were predominantly financed by loans, approx. 92%

66% of the buyers come from Cluj county, while almost 32% come from
other counties of the country, and less than 2% come from abroad.

6
 Did you know...
Soporului Street is the street with the most valuable (~ EUR 45.7 million)
and numerous transactions (672 transactions).
The district with the fewest transactions is Făget, and the one with the
least valuable transactions is the Bulgaria district
Most transactions, as well as the highest monthly value of transactions,
were recorded in October, approx. EUR 67.5 million
The most frequent acquisitions of plots of land included areas between
500 and 1,000 sqm
Apartments with area between 35-55 sqm were most frequently traded
67% of real estate transactions are financed from own financial resources
7
The most expensive house traded is located in the city center, Moţilor
Street, and the transaction was completed at 650 thousand EUR
The most expensive plot of land was traded in Borhanci district, for EUR
400 thousand
Mănăştur remained the district with the most transactions (1,032
transactions), and the Center is the district with the most valuable
transactions in 2018 (~ EUR 73.6 million)
The most valuable transaction was concluded by a legal entity and
includes a commercial building worth over EUR 8.7 million located on 21st
of December 1989
Acquisitions of legal entities represent 19.2% of transactions value
Top 10 most valuable transactions of legal entities account for more than
27% of the EUR 123.1 million traded by legal entities in 2018
Approximately 67% of the transactions concluded had a local buyer (Cluj
County).
 Real estate transactions 2018
The structure of the 2018 transactions was extracted from the database provided by
the Local Tax Department of Cluj-Napoca City Hall, including 8,697 transactions, and is
presented in the following table.
Transaction structure in Cluj-Napoca 2018
District Type of property Financing Total
Land House Apt. Other Self Bank
Andrei Muresanu 6 34 289 71 325 75 400
Becas 10 14 35 15 57 17 74
Borhanci 28 50 228 51 254 103 357
Bulgaria - 14 16 25 43 12 55
Buna Ziua - 30 591 202 578 245 823
Centru 8 47 464 260 568 211 779
Dambul Rotund 14 73 178 112 254 123 377
Europa 3 25 234 87 245 104 349
Faget 7 12 10 5 27 7 34
Intre Lacuri 2 10 322 79 351 62 413
Gheorgheni 5 36 656 208 755 150 905
Grigorescu 10 18 216 39 236 47 283
Gruia - 31 35 27 69 24 93
Iris 37 66 459 161 453 270 723
Manastur 30 43 819 140 865 167 1,032
Marasti 2 10 339 127 349 129 478
Plopilor - 5 91 58 118 36 154
Someseni 10 32 126 57 140 85 225
Sopor 8 5 592 72 441 236 677
Zorilor 4 11 211 64 220 70 290
Other areas 162 4 - 10 173 3 176
Total 346 570 5,911 1,870 6,521 2,176 8,697
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

The analysis of apartment transactions is presented in detail at district level, with a

total of 5,911 transactions.
Transactions with residential properties, such as houses (land and building) have a
non-homogeneous structure that does not allow a relevant analysis at district level,
hence the conclusions were expressed globally.
8
 Real estate transactions 2018
The total value of real estate transactions in 2018 was approximately EUR 642 million,
of which apartments accounted for the most significant share, 64%.
Value of real estate transactions in Cluj-Napoca in 2018
District Type of property Financing Total
EUR Land House Apt. Other Self Bank
Andrei Muresanu 287,092 6,930,725 20,866,015 4,372,207 25,047,743 7,408,295 32,456,038
Becas 300,952 2,357,264 2,774,591 947,653 4,265,549 2,114,911 6,380,460
Borhanci 1,452,712 7,847,229 16,043,907 3,455,892 19,696,341 9,103,400 28,799,741
Bulgaria - 1,378,463 725,722 506,333 1,907,214 703,304 2,610,518
Buna Ziua - 4,600,220 45,975,027 7,594,189 40,284,095 17,885,341 58,169,435
Centru 264,668 8,356,476 35,335,396 29,640,019 40,770,077 32,826,482 73,596,559
Dambul Rotund 411,253 8,332,776 10,331,685 7,122,902 14,975,658 11,222,958 26,198,616
Europa 288,501 4,354,243 16,760,519 3,583,788 17,277,513 7,709,538 24,987,051
Faget 682,500 2,560,406 1,050,032 127,933 3,071,016 1,349,855 4,420,871
Intre Lacuri 114,413 1,114,981 18,418,523 1,721,644 17,279,797 4,089,763 21,369,561
Gheorgheni 1,335,746 8,132,408 47,055,912 8,942,122 53,552,887 11,913,301 65,466,188
Grigorescu 429,282 2,872,517 16,138,198 3,778,792 18,367,150 4,851,640 23,218,790
Gruia - 4,349,677 2,439,076 640,482 5,903,392 1,525,843 7,429,235
Iris 1,095,949 6,682,874 23,506,430 18,736,390 22,346,408 27,675,236 50,021,644
Manastur 1,160,498 5,664,053 51,836,149 6,562,056 50,318,148 14,904,607 65,222,755
Marasti 34,811 1,238,446 25,899,879 12,895,003 23,517,410 16,550,729 40,068,139
Plopilor - 320,000 7,797,513 4,815,453 8,602,357 4,330,609 12,932,966
Someseni 732,919 2,744,428 8,336,978 9,575,601 9,177,043 12,212,883 21,389,926
Sopor 1,299,667 716,091 42,957,931 1,919,380 30,318,316 16,574,753 46,893,069
Zorilor 392,538 3,906,280 16,255,379 6,416,991 19,208,402 7,762,785 26,971,187
Other areas 2,973,046 316,730 - 170,978 3,236,500 224,253 3,460,754
Total 13,256,548 84,776,288 410,504,859 133,525,807 429,123,017 212,940,485 642,063,502
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

The vast majority of purchases, approximately 67% of the total value, were self-
financed.
Acquisitions of individuals represent 81% of the traded value and 80% of the value was
self-financed.

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 Transactions with apartments in 2018 - Cluj-Napoca
Transactions with apartments District Trans. no. Surface Trans. Val. Avg. price
Transaction number: 5,911 sqm EUR'000 EUR/sqm
Andrei Mures a nu 289 17,117 20,866 1,219
Transaction value: EUR 410.5 million Beca s 35 2,518 2,775 1,102
Borha nci 228 13,933 16,044 1,152
Net area traded: 319,065 sqm
Bul ga ri a 16 664 726 1,093
Most transactions: area between 35-55 square meters Buna Zi ua 591 35,276 45,975 1,303
Centru 464 25,015 35,335 1,413
Apartments built after 2000: 64.5% of the value of the transactions Da mbul Rotund 178 9,135 10,332 1,131
Self-financing: 80% of the transaction value Europa 234 13,856 16,761 1,210
Fa get 10 787 1,050 1,335
Average price: 1,287 EUR/ sqm Intre La curi 322 13,430 18,419 1,371
Gheorgheni 656 33,442 47,056 1,407
• Average price - bank financing : 1,283 EUR/ sqm
Gri gores cu 216 12,063 16,138 1,338
• Average price - self-financing: 1,287.4 EUR/ sqm Grui a 35 1,784 2,439 1,367
Iri s 459 21,500 23,506 1,093
Tranzactii de
Transactions apartamente
with apartments 2018
2018 --Cluj-Napoca
Cluj-Napoca Ma na s tur 819 41,727 51,836 1,242
Descriere
Description Finantare
Financing Suprafata
Area Vechime
Age Total
Total Ma ra s ti 339 18,759 25,900 1,381
Banca
Bank Cash
Cash >75
>75 55
55 -75
- 75 35 - 55 <35
<35 <2000
<2000 >2000
>2000 Pl opi l or 91 5,869 7,798 1,329
Nr. tranz.
Trans no. 1.118
1,118 4.793
4,793 709
709 1.681
1,681 2.806
2,806 715
715 2.195
2,195 3.716
3,716 5.911
5,911 Somes eni 126 7,053 8,337 1,182
Val. tranz.
Trans. val. (EUR'000)
(EUR'000) 82.083
82,083 328.422 75.952 133.939 173.093
328,422 75,952 133,939 173,093 27.521 145.319
27,521 145,319 265.186
265,186 410.505
410,505 Sopor 592 33,666 42,958 1,276
P.u. median (EUR/mp)
Median u.p (EUR/sqm) 1.277
1,277 1.296
1,296 1.194
1,194 1.264
1,264 1.306
1,306 1.532 1,401
1,532 1.401 1.248
1,248 1.291
1,291 Zori l or 211 11,471 16,255 1,417
P.u. mediu (EUR/mp)
Avg. u.p (EUR/sqm) 1.283
1,283 1.287
1,287 1.218
1,218 1.258
1,258 1.315
1,315 1.481
1,481 1.359
1,359 1.250
1,250 1.287
1,287 Total 5,911 319,065 410,505 1,287
Source: Analysis of the database provided by Cluj-Napoca City Hall Source: Analysis of the database provided by Cluj-Napoca City Hall

10
 Transactions with apartments in the city
centre The city center is the main cultural,
Number of apartments: 464 financial and administrative area of
Value: EUR 35,335 thousand the city. Includes new and old, mixed-
Average price: 1,413 EUR/ sqm use buildings, pedestrianized streets
and is bordered by: Nadăș River
(North), Paris St., Pitești St. and
Someșul Mic River (East), B.P. Hașdeu
St. and Avram Iancu St. (South),
Horea St., G. Coșbuc St. and L. Pasteur
St. (West).
The most important traffic arteries
are Bd. 21 Decembrie 1989, Calea
Dorobanţilor, Avram Iancu Street,
Memorandumului Street, Calea
Moţilor, Eroilor Street and Unirii
Square.
Densification of the central area has
been achieved through many mixed-
use buildings. The ultra-central
Source: Google Maps, Cluj-Napoca City Hall residential areas include the Central
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall
Park area, the old center, the Cipariu
Square, the Ștefan cel Mare square.
Transactions with apartments 2018 - Center
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 62 402 71 108 203 82 326 138 464
Trans. val. (EUR'000) 5,313 30,022 9,924 9,183 12,885 3,343 25,232 10,104 35,335
Median u.p (EUR/sqm) 1,434 1,356 1,277 1,330 1,362 1,651 1,461 1,255 1,385
Avg. u.p (EUR/sqm) 1,434 1,409 1,432 1,368 1,389 1,595 1,455 1,316 1,413
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

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 Transactions with apartments in Gruia
The Gruia district is bordered by the
Number of apartments: 35 railway line (North), Horea St. (East),
Value: EUR 2,439 thousand Grigorescu district (South), Hoia
Average price: 1,367 EUR/ sqm Forest (West) mainly consisting of
individual villas. The main traffic
routes are Romulus Vuia St., Gruia St.,
Emil Racoviţă St. and Horea St.
It is known as one of the oldest
residential areas of the city, enclosing
an area with interwar mansions.
In the period after 1990, the district
was slightly densified and still has
expensive residential areas, especially
in the Cetaţuia area.
Being located on the hill, some areas
have a high risk of landslides. Includes
Tetarom I, the first industrial park.

Source: Google Maps, Cluj-Napoca City Hall

Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Tranzactii dewith
Transactions apartamente 2018
apartments - Gruia
2018 - Gruia
Descriere
Description Finantare
Financing Suprafata
Area Vechime
Age Total
Total
Banca Cash
Bank Cash >75 55 - 75 35
55 35 - 55 <35
<35 <2000 >2000
<2000
Nr. tranz.
Trans no. 77 28 66 10
10 99 10
10 19
19 16 35
Val.
Transtranz.
. val.(EUR'000)
(EUR'000) 465
465 1.974
1,974 720
720 807
807 496
496 416
416 1.040
1,040 1.399
1,399 2.439
2,439
P.u. median
Median u.p(EUR/mp) 1.306
(EUR/s qm) 1,306 1.496
1,496 1.273
1,273 1.286 1,436
1,286 1.436 1.673
1,673 1.486
1,486 1.480
1,480 1.486
1,486
P.u.
Avg.mediu (EUR/mp)
u.p (EUR/s qm) 1.378
1,378 1.365
1,365 1.295
1,295 1.333 1,346
1,333 1.346 1.639
1,639 1.332
1,332 1.395
1,395 1.367
1,367
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

12
 Transactions with apartments in Andrei Mureșanu
Andrei Mureșanu district is located in
Number of apartments: 289 the south-east, delimited by: A. Iancu
Value: EUR 20,866 thousand St. (North), Constantin Brâncuşi St.
Average price: 1,219 EUR/ sqm and Alverna St. (East), Bună Ziua &
Becaş districts (South) and the
Orthodox Church St.(West), being a
popular residential district.
The main traffic arteries are Calea
Turzii, Constantin Brâncuşi Street and
Alexandru Bohăţiel Street.
The district has slightly crowded in
the aftermath of 1989, being an
expensive residential area with
adequate infrastructure and occupied
by both interwar mansions and new
buildings.
New properties are traded at high
prices due to proximity to the central
area.
Source: Google Maps, Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Andrei Muresanu

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 33 256 53 78 152 6 16 273 289
Trans . val. (EUR'000) 2,318 18,548 5,672 5,822 9,133 239 1,620 19,246 20,866
Median u.p (EUR/s qm) 1,277 1,202 1,164 1,122 1,268 1,386 1,465 1,208 1,208
Avg. u.p (EUR/s qm) 1,278 1,212 1,203 1,160 1,265 1,421 1,377 1,207 1,219

Source: Analysis of the database provided by Cluj-Napoca City Hall

Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

13
 Transactions with apartments in Mărăști
Maraști district is located in the
Number of apartments: 339 northeast, being delimited by
Value: EUR 25,900 thousand Răsăritului St. (North), Fabricii de
Average price: 1,381 EUR/ sqm Zahăr and Ialomiţei St. (East),
Dorobanţilor St. and Semenicului St.
(South), A. Suciu St. Piteşti St., Paris
St. and Someșul Mic (West).
The district includes mainly
apartments, but also several industrial
sites. The main traffic arteries are
București St., Paris St., Fabricii de
Zahăr St. and 21 Decembrie 1989 Blvd.
Originally designed as a working
district, in recent years it has become
an expensive area, which benefits
from wide roads and easy access to
public transport.
The infrastructure is well developed
with retailers, food markets, office
Source: Google Maps, Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the space.
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Marasti

Description Financing Area
Area Age
Age Total
Total
Bank Cash >75 55
55 -- 75
75 3535--55
55 <35
<35 <2000
<2000 >2000
>2000
Trans no. 56 283 41 128
128 123
123 47
47 202
202 137
137 339
339
Trans . val. (EUR'000) 4,681 21,219 4,651 11,456
##### 8,106
8,106 1,687
1,687 14,598
14,598 11,302
11,302 25,900
25,900
Median u.p (EUR/s qm) 1,398 1,406 1,231 1,381
1,381 1,4231,423 1,534
1,534 1,416
1,416 1,365
1,365 1,400
1,400
Avg. u.p (EUR/s qm) 1,377 1,381 1,265 1,400
1,400 1,4091,409 1,473
1,473 1,371
1,371 1,393
1,393 1,381
1,381
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

14
 Transactions with apartments in Între Lacuri
Între Lacuri district is located in the
Number of apartments: 322 eastern part of the city, being
Value: EUR 18,419 thousand delimited by Fabricii de Zahăr St. and
Average price: 1,371 EUR/ sqm Răsăritului St. (North), Calea
Someșeni and Becaş Creek (East),
Becaş Creek and Iulius Mall (South),
Teodor Mihali St. (West), including
mainly residential blocks and houses.
The main traffic streets are the
Dunării St., Siret St. and Aurel Vlaicu
St. The vicinity with the Gheorgheni
and Mărăști districts, and the
proximity to the Babeş-Bolyai
University and Iulius Mall led to the
expansion of the district and the
construction of many new buildings in
recent years.
The eastern part of the district
contains an area of individual villas,
Source: Google Maps, Cluj-Napoca City Hall combined with an old area of houses.
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Intre Lacuri

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 45 277 10 55 130 127 202 120 322
Trans . val. (EUR'000) 3,262 15,156 1,044 4,319 8,544 4,512 10,777 7,642 18,419
Median u.p (EUR/s qm) 1,492 1,415 1,271 1,249 1,413 1,549 1,447 1,372 1,423
Avg. u.p (EUR/s qm) 1,446 1,356 1,277 1,238 1,389 1,519 1,370 1,373 1,371
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

15
 Transactions with apartments in Gheorgheni
Gheorgheni district (in the south-
Number of apartments: 211 eastern part), delimited by Gen.
Value: EUR 16,255 thousand Traian Moșoiu St. and Semenicului St.
Average price: 1,417 EUR/ sqm (North), T. Mihali St., Amza Pellea St.
and Sopor district (East), Becaş Creek
and Pallocsay orchard (South), C.
Brancuși St. and Alverna St. (West).
It includes many green spaces, blocks
of 4-10 floors and individual villas.
Access to public transport and broad
roadways, the expansion of UBB,
FSEGA, the development of Iulius Mall
and office buildings have led to the
congestion of the district, being
considered one of the city's favorite
districts.
The district houses the Gheorgheni
Sports Base, inaugurated in 2017 (the
most modern sports and leisure
Source: Google Maps, Cluj-Napoca City Hall complex in the city), offering free
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall
access to all citizens.

Transactions with apartments 2018 - Gheorgheni

Description Financing Area
Area Age
Age Total
Total
Bank Cash >75 55
55 -- 75
75 3535--55
55 <35
<35 <2000
<2000 >2000
>2000
Trans no. 66 590 70 156
156 321
321 109
109 383
383 273
273 656
656
Trans . val. (EUR'000) 5,448 41,608 7,867 14,008
##### 20,676
20,676 4,505
4,505 24,599
24,599 22,457
22,457 47,056
47,056
Median u.p (EUR/s qm) 1,442 1,437 1,278 1,406
1,406 1,4341,434 1,667
1,667 1,473
1,473 1,403
1,403 1,437
1,437
Avg. u.p (EUR/s qm) 1,436 1,403 1,305 1,396
1,396 1,4211,421 1,588
1,588 1,411
1,411 1,403
1,403 1,407
1,407
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

16
 Transactions with apartments in Zorilor
Zorilor district is located in the
Number of apartments: 656 southern direction on the exit
Value: EUR 47,056 thousand towards Turda. It’s main borders are:
Average price: 1,407 EUR/ sqm B.P Haşdeu St. and Ceahlău St.
(North), Calea Turzii (East), Mikó Imre
and M. Eliade (South) Gh. Dima St.
(West).
The dwellings have a mixed character,
consisting of residential blocks and
individual villas. The main traffic
arteries are Observatorului St., Zorilor
St. and L. Pasteur St.
It hosts the Observatory student
complex and is adjacent to the
Haşdeu student complex.
After 1990, the development of office
spaces, commercial areas, as well as
the densification of residential
buildings took place.
Source: Google Maps, Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall
It has remained one of the best-rated
districts, despite crowding in recent
years.
Transactions with apartments 2018 - Zorilor
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 30 181 28 72 73 38 138 73 211
Trans . val. (EUR'000) 2,362 13,893 3,493 6,055 4,989 1,719 10,309 5,947 16,255
Median u.p (EUR/s qm) 1,463 1,435 1,402 1,351 1,423 1,892 1,485 1,357 1,441
Avg. u.p (EUR/s qm) 1,429 1,415 1,418 1,315 1,445 1,806 1,431 1,394 1,417
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

17
 Transactions with apartments in Bună Ziua
Bună Ziua district is relatively new, in
Number of apartments: 591 a continuous development, including
Value: EUR 45,975 thousand individual villas and residential blocks
Average price: 1,303 EUR/ sqm of 4-10 floors.
The district is bounded by Andrei
Mureșanu district (North), Trifoiului St.
and Măceşului St. (East), Mihai
Românul St. (South) and Calea Turzii
(West).
The main traffic arteries are Calea
Turzii, Mihai Românul St., Fagului St.
and Bună Ziua St.
Because it is an area of intense real
estate development, urbanization is
of low quality.
It is bordered by three well-
established residential districts:
Gheorgheni, Andrei Mureșanu and
Source: Google Maps, Cluj-Napoca City Hall Zorilor.
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Buna Ziua

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 141 450 78 222 287 4 11 580 591
Trans. val. (EUR'000) 11,212 34,763 8,116 18,502 19,244 112 780 45,195 45,975
Median u.p (EUR/sqm) 1,328 1,321 1,161 1,321 1,356 1,207 1,214 1,328 1,327
Avg. u.p (EUR/sqm) 1,328 1,296 1,194 1,290 1,371 1,100 1,208 1,305 1,303
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

18
 Transactions with apartments in Europa
Europa district is located in the
Number of apartments: 234 southern part of the city, near Eugen
Value: EUR 16,761 thousand Ionesco St. (the main thoroughfare)
Average price: 1,210 EUR/ sqm and includes mainly new buildings
such as individual villas.
It is delimited by Mikó Imre St. and
Mircea Eliade St. (North), Calea Turzii
(East) and Făget district (South and
West).
The district is an intensive
development area, representing an
extension of the Zorilor district.
Recent developments have shown a
real interest in individual construction,
but the district lacks urban
integration elements (infrastructure,
public spaces - parks, squares).
However, increased interest in this
area has led to the residential real
Source: Google Maps, Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the estate development of Colonia Făget.
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Europa

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 38 196 46 79 101 8 1 233 234
Trans . val. (EUR'000) 3,094 13,667 4,649 5,886 5,919 307 65 16,696 16,761
Median u.p (EUR/s qm) 1,272 1,208 1,205 1,230 1,207 1,191 1,251 1,217 1,219
Avg. u.p (EUR/s qm) 1,237 1,204 1,135 1,221 1,259 1,311 1,251 1,210 1,210
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

19
 Transactions with apartments in Grigorescu

Number of apartments: 216 Grigorescu district (in the north-west)

Value: EUR 16,138 thousand is bounded by Hoia forest (West),
Average price: 1,338 EUR/ sqm Gruia district(North), center (East),
Someşul Mic (South) and it is crossed
by 3 main traffic arteries: , Eremia
Grigorescu St., 1 Decembrie 1918 Blvd.
and Alexandru Vlahuţă St.
Within the district there are blocks of
4-10 floors, as well as individual
dwellings and villas.
It is a classic residential district with
adequate infrastructure. There are
also some areas where new housing
blocks were built in the period after
1990, but there is also a high interest
in individual villas developed in recent
years near Uliului St.
Source: Google Maps, Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Grigorescu

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 28 188 29 56 114 17 167 49 216
Trans . val. (EUR'000) 2,225 13,913 3,130 4,718 7,610 681 11,748 4,390 16,138
Median u.p (EUR/s qm) 1,405 1,352 1,280 1,336 1,393 1,514 1,321 1,426 1,364
Avg. u.p (EUR/s qm) 1,319 1,341 1,257 1,288 1,406 1,361 1,293 1,474 1,338
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

20
 Transactions with apartments in Plopilor
Plopilor district (in the west) is
Number of apartments: 91 delimited by Someşul Mic (North),
Value: EUR 7,798 thousand George Coşbuc St. (East), Calea
Average price: 1,329 EUR/ sqm Mănăştur (South) and Plopilor St. And
canalul Morii (West).
The district includes mainly residential
blocks and individual villas.
The most important traffic arteries
are Splaiul Independenţei, George
Coşbuc St., Calea Mănăştur and
Plopilor St.
It is surrounded by two classic
residential districts of the city,
Grigorescu and Mănăştur, with a
recently developed residential area
called “Plopilor Noi”.
The main areas of interest of the
district include: Cluj Arena, Polivalent
Source: Google Maps, Cluj-Napoca City Hall Hall, Platinia Shopping Center, Babeş
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall
Park and “Horia Demian” Sports Hall.

Transactions with apartments 2018 - Plopilor

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 10 81 19 39 31 2 48 43 91
Trans . val. (EUR'000) 895 6,902 2,269 3,515 1,937 76 4,136 3,661 7,798
Median u.p (EUR/s qm) 1,413 1,352 1,236 1,356 1,430 1,605 1,384 1,239 1,356
Avg. u.p (EUR/s qm) 1,488 1,310 1,223 1,380 1,367 1,560 1,381 1,274 1,329
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

21
 Transactions with apartments in Mănăștur
Mănăştur district, located in the west,
Number of apartments: 819 on the exit direction from Cluj-Napoca
Value: EUR 51,836 thousand to Oradea, has as main limits the
Roses Park, Calvaria, Calea Mănăștur
Average price: 1,242 EUR/ sqm
(North), the Mănăştur cemetery
(East), the Făget forest (South),
Colinei St. (West ).
The dwellings are predominantly
represented by blocks of 8-10 floors,
being the most populous district in
the city.
The main traffic arteries are Calea
Floreşti, Calea Manăștur, Iazului St.,
Mehedinţi St., Primăverii St. and
Câmpului St.
There is an area of intense real estate
development, Câmpului street, where
the individual parcel development
predominates and, more recently, the
Source: Google Maps, Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the duplex or triplex buildings.
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Manastur

Description Financing Area
Area Age
Age Total
Total
Bank Cash >75 55
55 -- 75
75 3535--55
55 <35
<35 <2000
<2000 >2000
>2000
Trans no. 129 690 96 195
195 361
361 167
167 583
583 236
236 819
819
Trans . val. (EUR'000) 8,999 42,837 9,068 14,858
##### 21,174
21,174 6,735
6,735 35,918
35,918 15,919
15,919 51,836
51,836
Median u.p (EUR/s qm) 1,277 1,306 1,106 1,202
1,202 1,3631,363 1,525
1,525 1,353
1,353 1,185
1,185 1,304
1,304
Avg. u.p (EUR/s qm) 1,249 1,241 1,102 1,181
1,181 1,2981,298 1,459
1,459 1,283
1,283 1,160
1,160 1,242
1,242
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

22
 Transactions with apartments in Dâmbu
Rotund Dâmbul Rotund district is located in
Number of apartments: 178 the north-west of the city on the exit
Value: EUR 10,332 thousand direction from Cluj-Napoca to Zalău.
Average price: 1,131 EUR/ sqm It is bounded by the Lomb forest and
Valea Seacă (North), the train station,
Odobeşti St. and Oaşului St. (East),
the railway and the Nadaş Creek
(South), Baciu village (West).
The main traffic arteries are
Maramureş Street, Corneliu Coposu
Street and Tudor Vladimirescu Street.
The district mainly houses individual
villas and several industrial sites,
located on the outskirts of the city. In
Source: Google Maps, Cluj-Napoca City Hall
recent years, the development of
Note: The limits of the districts were established on the basis of the housing blocks has intensified,
information provided by the Cluj-Napoca City Hall
especially on Corneliu Coposu street.

Transactions with apartments 2018 - Dambul Rotund

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 30 148 10 49 98 21 31 147 178
Trans . val. (EUR'000) 1,944 8,387 922 3,444 5,336 630 1,302 9,029 10,332
Median u.p (EUR/s qm) 1,208 1,113 1,110 1,142 1,098 1,266 1,225 1,103 1,141
Avg. u.p (EUR/s qm) 1,160 1,124 1,124 1,128 1,120 1,268 1,168 1,126 1,131
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

23
 Transactions with apartments in Bulgaria
Bulgaria district (located in the north)
Number of apartments: 16 is delimited by Someşul Mic (North),
Value: EUR 726 thousand Beiuşului St. (East), Răsăritului St.
(South), Someşul Mic (West),
Average price: 1,093 EUR/ sqm
including mainly industrial properties,
but also residential properties.
The important traffic streets are
Câmpina Street, Plevnei Street,
Tăbăcarilor Street, Porţelanului Street
and Fabricii Street.
In the last years, especially in the
neighboring areas of Mărăști district,
there have been intensified real
estate developments such as housing
blocks.

Source: Google Maps, Cluj-Napoca City Hall

Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Bulgaria

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 5 11 - 3 5 8 6 10 16
Trans . val. (EUR'000) 217 509 - 155 274 297 223 503 726
Median u.p (EUR/s qm) 1,264 1,173 - 826 1,259 1,227 1,099 1,232 1,193
Avg. u.p (EUR/s qm) 1,196 1,054 - 827 1,228 1,170 1,022 1,127 1,093
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

24
 Transactions with apartments in Iris
Iris district is located in the northern
Number of apartments: 459 part of the city in an industrial
Value: EUR 23,506 thousand predominant area.
Average price: 1,093 EUR/ sqm It is bounded by Valea Chintăului
(North), the exit to Apahida (West),
Someşul Mic (South), Oaşului St. and
Odobeşti St. (West) and it includes a
mix of industrial properties, blocks
and individual villas.
The main traffic arteries are Oaşului
St., Muncii Blvd., Fabricii St. and
Maramureşului street.
Residential density has been rising in
recent years, especially in the area of
Oaşului Street and Steluţa orchard.

Source: Google Maps, Cluj-Napoca City Hall

Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Iris

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 131 328 15 100 292 52 31 428 459
Trans . val. (EUR'000) 7,304 16,202 1,228 6,571 13,988 1,720 1,005 22,501 23,506
Median u.p (EUR/s qm) 1,106 1,083 989 1,077 1,095 1,167 1,117 1,092 1,093
Avg. u.p (EUR/s qm) 1,122 1,081 961 1,084 1,102 1,167 1,128 1,092 1,093
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

25
 Transactions with apartments in Someșeni
Someșeni district, located in the
Number of apartments: 126 eastern direction on the exit from Cluj
Value: EUR 8,337 thousand to Apahida, has as its main limits the
Someșul Mic River and Muncii Blvd.
Average price: 1,182 EUR/ sqm
(North), Beiuşului St. (West),
Apahida-Vâlcele ring road (East),
Someşeni St. (South).
The district mainly houses individual
villas and industrial sites, as well as
the city's airport, located at the
outskirts.
The main traffic arteries are Traian
Vuia Street, Căpitan Grigore Ignat
Street, Cantonului Street, Someşeni
Street and Platanilor Street.
The expansion of the airport runway
Source: Google Maps, Cluj-Napoca City Hall took place concurrently with the
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall densification of the residential area.
Transactions with apartments 2018 - Someseni
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 35 91 9 62 40 15 31 95 126
Trans . val. (EUR'000) 2,401 5,936 933 4,665 2,289 450 1,968 6,369 8,337
Median u.p (EUR/s qm) 1,084 1,235 1,212 1,176 1,198 1,195 1,267 1,178 1,195
Avg. u.p (EUR/s qm) 1,113 1,213 1,168 1,180 1,187 1,209 1,297 1,151 1,182
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

26
 Transactions with apartments in Borhanci
Colonia Borhanci is located in the
Number of apartments: 228 south of the Pallocsay orchard and in
Value: EUR 16.044 thousand the east of Colonia Becaș.
Average price: 1,152 EUR/ sqm Emphasis is placed on residential real
estate developments. The area is
predominantly made up of individual
dwellings with height regime Gf/Gf + F,
but there are also residential blocks
with height regime Gf + 4F.
Due to the new infrastructure and
proximity to the Gheorgheni
neighborhood, the area continues to
show a special interest in residential
developments of all kinds, being
considered one of the most attractive
new neighborhoods in the city.

Source: Google Maps, Cluj-Napoca City Hall

Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Borhanci

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 58 170 33 100 93 2 - 228 228
Trans . val. (EUR'000) 4,118 11,926 2,972 7,146 5,834 92 - 16,044 16,044
Median u.p (EUR/s qm) 1,200 1,149 1,002 1,148 1,237 1,388 - 1,159 1,159
Avg. u.p (EUR/s qm) 1,196 1,137 991 1,154 1,248 1,387 - 1,152 1,152
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

27
 Transactions with apartments in Sopor
Colonia Sopor is located in the south-
Number of apartments: 592 eastern part of the city near the
Value: EUR 42,958 thousand Palocsay orchard, Gheorgheni and
Între Lacuri districts.
Average price: 1,276 EUR/ sqm
In general, have a residential use,
being a strong area of interest for
residential developments such as 8-
10-story apartment blocks.
During the last years, Sopor area was
the most developed area of the city.
As a newly-developed district Sopor
lacks urban elements of integration
(infrastructure, public spaces,
marketplaces).
In the immediate vicinity of the
neighborhood is the Gheorgheni
Sports Base, a sports and leisure
complex inaugurated in 2017.
Source: Google Maps, Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Sopor

Description Financing
Financing Area
Area Age
Age Total
Total
Bank
Bank Cash
Cash >75
>75 5555- -75
75 3535- 55
- 55 <35
<35 <2000
<2000 >2000
>2000
Trans no. 202
202 390
390 75
75 152152 365
365 -- -- 592
592 592
592
Trans . val. (EUR'000) 14,788
##### 28,170
28,170 7,204
7,204 #####
11,556 24,198
24,198 -- -- 42,958
42,958 42,958
42,958
Median u.p (EUR/s qm) 1,246
1,246 1,275
1,275 1,225
1,225 1,247
1,247 1,2911,291 -- -- 1,265
1,265 1,265
1,265
Avg. u.p (EUR/s qm) 1,264
1,264 1,282
1,282 1,197
1,197 1,238
1,238 1,3211,321 -- -- 1,276
1,276 1,276
1,276
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

28
 Transactions with apartments in Făget
Colonia Făget is located in the
Number of apartments: 10 southern part of the city near the
Value: EUR 1,050 thousand Făget forest and the Europa district.
Average price: 1,335 EUR/ sqm The district is generally characterized
by wooded green areas and
residential areas.
Individual dwellings represent the
most significant share. It is still an
area with great real estate
development potential.
There are limited urban integration
elements (infrastructure, educational
units, public spaces).

Source: Google Maps, Cluj-Napoca City Hall

Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Faget

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 1 9 6 4 - - - 10 10
Trans . val. (EUR'000) 98 952 669 381 - - - 1,050 1,050
Median u.p (EUR/s qm) 1,350 1,236 1,230 1,340 - - - 1,237 1,237
Avg. u.p (EUR/s qm) 1,350 1,333 1,351 1,307 - - - 1,335 1,335
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

29
 Transactions with apartments in Becaș
Colonia Becaş is located in the south-
Number of apartments: 35 east of Bună Ziua district, south of
Value: EUR 2,775 thousand Andrei Mureşanu and Gheorgheni
Average price: 1,102 EUR/ sqm districts and west of Colonia Borhanci.
The area is predominantly
characterized by individual residences
(houses, villas) with a height of Gf/Gf
+ 1-2F. There are no urban integration
elements (infrastructure, landscaped
green spaces, squares).
In recent years, the area has
experienced an intensive
development, including individual
villas or duplex / triplex villas and
housing blocks. Interest will remain
high for this area as nearby districts
are crowding.

Source: Google Maps, Cluj-Napoca City Hall

Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2018 - Becas

Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans no. 11 24 14 13 8 - - 35 35
Trans . val. (EUR'000) 939 1,836 1,422 891 462 - - 2,775 2,775
Median u.p (EUR/s qm) 1,143 1,069 1,044 1,128 1,108 - - 1,073 1,073
Avg. u.p (EUR/s qm) 1,125 1,090 1,077 1,113 1,161 - - 1,102 1,102
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The limits of the districts were established on the basis of the information provided by the Cluj-Napoca City Hall

30
 Normalized sample: 347 homes Transactions with houses in 2018 - Cluj-Napoca
Transactions with houses District Trans. No. Val.
Val.Trans.
Trans.
Transaction value: EUR 54.3 million
Number of traded houses: 570 houses EUR'000
EUR'000
The average land area of a house is: 396 square meters Andrei Mures a nu 34 6,931
6,931
Transaction value: EUR 84.8 million Beca s 14 2,357
2,357
The average GBA of a house is: 171 square meters
Approx. 47% of transactions value in: Andrei Borha nci 50 7,847
7,847
Mureșanu, Center, Dâmbul Rotund, Borhanci Average price: 913 EUR/ sqm (sqm GBA, includes land plot) Bul ga ri a 14 1,378
1,378
Buna Zi ua 30 4,600
4,600
and Gheorgheni Average house price <1990: 1,081 EUR/ sqm Centru 47 8,356
8,356
The most numerous house transactions: Average house price> 1990: 857 EUR/ sqm Da mbul Rotund 73 8,333
8,333
Dâmbul Rotund, Iris, Borhanci, the Center Europa 25 4,354
4,354
and Mănăștur Self-financing: 76% of transaction value Fa get 12 2,560
2,560
Intre La curi 10 1,115
1,115
Transactions with houses in 2018 - Cluj-Napoca (normalized sample) Gheorgheni 36 8,132
8,132
Description Financing Age Total Gri gores cu 18 2,873
2,873
Bank Cash <1990 >=1990 Grui a 31 4,350
4,350
Number of tra ns a cti ons 80 267 110 237 347 Iri s 66 6,683
6,683
Va l ue of tra ns a cti ons (EUR'000) 12,846 41,466 16,166 38,147 54,313 Ma na s tur 43 5,664
5,664
Gros s bui l t a rea (s qm) 15,078 44,386 14,958 44,506 59,464 Ma ra s ti 10 1,238
1,238
La nd a rea (s qm) 32,496 104,953 42,711 94,738 137,448 Pl opi l or 5 320320
Avg. l a nd a rea (s qm) 406 393 388 400 396 Somes eni 32 2,744
2,744
Avg. gros s bui l t a rea (s qm) 188 166 136 188 171 Sopor 5 716716
Avg. uni t pri ce(EUR/s qm GBA) 852 934 1,081 857 913 Zori l or 11 3,906
3,906
Source: Analysis of the database provided by Cluj-Napoca City Hall Other a rea s 4 317317
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
Total 570 84,776
84,776
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 Source: Analysis of the database provided by Cluj-Napoca City Hall
 Transactions with plots of land in 2018 - Cluj-Napoca
Transactions with plots of land District Trans. No. Area Trans. Val.
sqm EUR'000
Number of plots of land traded : 346
Andrei Mures a nu 6 4,294 287
Value of transactions: EUR 13.3 million Beca s 10 29,877 301
Borha nci 28 12,138 1,453
Over 62% of transactions value in: Borhanci, Sopor, Mănăștur and Iris Bul ga ri a - - -
Most land transactions: Other areas, Borhanci, Gheorgheni, Mănăștur and Sopor Buna Zi ua - - -
Centru 8 3,888 265
Total land area traded: 537,394 sqm Da mbul Rotund 14 11,419 411
Europa 3 3,698 289
Most transactions: areas between 500-1,000 sqm
Fa get 7 6,891 683
Most valuable transactions: more than 1,000 square meters Intre La curi 2 852 114
Gheorgheni 5 3,772 1,336
Self-financing: about 99% of transactions value Gri gores cu 10 5,212 429
Grui a - - -
Iri s 37 23,053 1,096
Transactions with plots of land in 2018 - Cluj-Napoca
Ma na s tur 30 40,703 1,160
Description Financing Area Total Ma ra s ti 2 744 35
Bank Cash <100 mp 100-300 mp 300-500 mp 500-1000 mp >1000 mp Pl opi l or - - -
Trans . No. 3 343 - 23 51 149 123 346 Somes eni 10 31,318 733
Trans . Val. (EUR'000) 187 13,069 - 695 1,856 4,967 5,739 13,257 Sopor 8 46,269 1,300
Area (s qm) 5,438 531,956 - 4,722 20,700 99,072 412,900 537,394 Zori l or 4 2,098 393
Source: Analysis of the database provided by Cluj-Napoca City Hall
Other a rea s 162 311,170 2,973
Total 346 537,394 13,257

32 Source: Analysis of the database provided by Cluj-Napoca City Hall

 Real estate transactions in 2019
The total value of real estate transactions in January-May 2019 was over EUR 214
million, of which the most significant share were the apartments, 64%.
Real estate transactions of legal entities accounted for 26% of the total value, including
mostly commercial properties, but also residential properties.
A small number of plots of land was traded, with a small share in the value of
transactions, was traded below 0.5%. The value of traded houses accounted for 8% of
the total.
Value of real estate transactions - Cluj-Napoca Jan-May 2019 EUR
Description Bank Cash Total
Apartments 23,042,561 114,204,983 137,247,543
Houses 2,875,203 14,098,142 16,973,344
Plots of land - 264,380 264,380
Other properties 52,985,429 6,651,465 59,636,894
Total 78,903,192 135,218,970 214,122,162
Source: Analysis of the database provided by Cluj-Napoca City Hall

The vast majority of individual purchases in 2019, approximately 85% of the total value,
were self-financed. Transactions of legal entities were financed predominantly by
banks, 95%.
The total number of transactions between January and May 2019 was 2,567, of which
1,899 were apartments (74%). Most transactions took place in March (646
transactions), with the highest value (EUR 53.8 million).
The average price / sqm of apartments during the period January-May 2019, resulted
from the analysis of the 1,899 transactions amounting to EUR 137.2 million, was 1,333
EUR/ sqm.
In the first 5 months of 2019, 83% of the total value of transactions with apartments
was self-financed and the rest by bank financing.
The average price/ sqm for self-financed apartments was 1,330 EUR/ sqm, 1.4% lower
than the average price/ sqm for the apartments financed by bank loans(1.349 EUR/
sqm) during the same period, January-May 2019.
33
 Evolution of the real estate market in Cluj-
Napoca 2013-2018
Evolution of the real estate market in Cluj-Napoca
Evolutia tranzactiilor imobiliare
2013 - 2018 in perioada
700 mil. € 2013 - 2018
642 mil. €
700 mil. € 594 mil. € 642 mil. €
600 mil. € 594 mil. €
600 mil. €
500 mil. € 457 mil. €
500 mil. € 457 mil. €

400 mil. € 358 mil. €

400 mil. € 358 mil. €
284 mil. €
284 mil. €
300 mil. €€
300 mil.
200 mil. €€
200 mil. 156 mil.€€
156mil.

100 mil. €€
100 mil.
mil. €€
0 mil.
2013
2013 2014
2014 2015
2015 2016
2016 2017
2017 2018
2018
Tranzactii
Transactions

Evolution of the financing structure 2013 - 2018

(Self-finance/ Bank)
700 mil. €
600 mil. €
500 mil. €
429 mil. €
400 mil. € 412 mil. €

300 mil. €
379 mil. €
266 mil. €
200 mil. €
240 mil. €
100 mil. € 119 mil. € 182 mil. € 213 mil. €
92 mil. € 78 mil. €
36 mil. € 44 mil. €
0 mil. €
2013 2014 2015 2016 2017 2018
Bank Self-finance

34
 Evolution of the real estate market in Cluj-
Napoca 2013-2018

Evolution of the transation type 2013 - 2018

700 mil. € Evolutia
(Apt./ tipologiei
Houses/ tranzactiilor
Plots of land/ Other2013 - 2018
properties) 13 mil. €
700 mil. € (Apartamente/ Case/ Terenuri/ Alte proprietati) 13 mil. €
33 mil. €
600 mil. € 33 mil. € 85 mil. €
600 mil. € 85 mil. €
62 mil. €
500 mil. € 20 mil. € 62 mil. €
500 mil. € 134 mil. €
20 mil. € 134 mil. €
123 mil. €
400 mil. € 61 mil. € 123 mil. €
400 mil. € 16 mil. € 61 mil. €
16 mil. €
16 mil. € 88 mil. €
16 mil. € 51 mil. € 88 mil. €
300 mil.
300 €
mil. € 51 mil. €
mil. €€
36 mil. 64 mil. €€
64 mil.
36
200 mil.
200 €
mil. € mil. €€
12 mil.
12 63 mil. €€
63 mil. mil. €€
377 mil.
411 mil.
411 €
mil. €
377
mil. €€
21 mil.
21 287 mil. €€
287 mil.
100 mil. € 226 mil. €
15 mil. € 169 mil. €
109 mil. €
0 mil. €
2013 2014 2015 2016 2017 2018
Apartamente
Apartments Alteproperties
Other proprietati Case
Houses Terenuri
Plots of land

Evolution
Evolutia of apartment
tranzactiilor cu transactions
apartamente Cluj-Napoca
Cluj-Napoca 2013
2013 -- 2018
2018
1,400 €/mp
1.400 1,287 €/mp
1.287 450 mil. €
1,211 €/mp
1.211
1,200 €/mp
1.200 400 mil. €
1,000 €/mp
1.000 350 mil. €
1,000 €/mp
1.000 836 €/mp 873 €/mp
821 €/mp 300 mil. €
800 €/mp 250 mil. €
600 €/mp 200 mil. €
150 mil. €
400 €/mp
100 mil. €
200 €/mp 50 mil. €
109 mil. € 169 mil. € 226 mil. € 287 mil. € 377 mil. € 411 mil. €
0 €/mp 0 mil. €
2013 2014 2015 2016 2017 2018

Valoare tranzactii
Transaction value Pret mediu
Avg. unitar
unit price

35
 Summary of real estate transactions in Cluj-Napoca in 2018
Transactions Cluj-Napoca 2018: 8,697 transactions, EUR 642.1 million, of which:
• Apartments: 5,911 transactions, 410.5 million EUR
• Houses: 570 transactions, EUR 84.8 million
• Land: 346 transactions, 13.3 million EUR
• Other properties: 1,870 transactions, 133.5 million EUR
Real estate transactions of legal entities, 834 in total, are included in the Other properties category, accounting for EUR 123.1 million and representing 54.8% of
the volume of other transactions and 92% of the value of other transactions).

36
 Average price for apartments traded in 2018

Average price /sqm for

apartments:
1,287 EUR/ sqm

1,093
EUR/ sqm

1,093
EUR/ sqm 1,182
1,131 EUR/ sqm
EUR/ sqm

1,381 EUR/
1,367 EUR/ sqm 1,371
sqm EUR/ sqm

1,338 1,413
EUR/ sqm EUR/
sqm 1,407
EUR/ sqm
1,329
EUR/ sqm 1,276
1,219 EUR/ sqm
EUR/ sqm

1,242 1,417
EUR/ sqm EUR/ sqm

1,152
1,210
1,303 EUR/ sqm
EUR/ sqm
EUR/ sqm

1,102
EUR/ sqm
1,335 Average price – bank
EUR/ sqm financing: 1,283 EUR/ sqm
Average price - self-
financing: 1,287.4 EUR/
sqm
Source: Analysis of the database provided by Cluj-Napoca City Hall
37
 Annexes
Monthly transaction structure and streets with the higest value/ number of transactions
Real estate transactions by buyer's residence
Approach to analysis
Information sources

38
 Monthly transaction structure and transaction rankings by street
Monthly structure of real estate transactions in Cluj-Napoca in 2018 The streets with the most transactions
Month Type of property Financing Total No. Street No. of
Land House Apartment Other Self Bank crt. transactions
January 15 36 455 105 452 159 611 1 Soporului 672
February 34 38 424 136 496 136 632 2 Oasului 469
March 25 41 517 172 570 185 755 3 Buna Ziua 434
April 22 37 403 129 444 147 591 4 Alexandru Vaida Voevod 215
May 18 57 527 137 557 182 739 5 Augustin Presecan 210
June 22 53 431 150 486 170 656 6 Trifoiului 162
July 38 62 507 182 562 227 789 7 Borhanciului 146
Augus t 25 49 516 132 560 162 722 8 Eugen Ionesco 139
September 18 33 594 165 578 232 810 9 Corneliu Coposu 128
October 34 62 605 181 656 226 882 10 Calea Turzii 118
November 45 44 477 176 587 155 742 Top 10 2,693
December 50 58 455 205 573 195 768 Total transactions 2018 8,697
Total 346 570 5,911 1,870 6,521 2,176 8,697 % Top 10 of Total 31%

Monthly value of real estate transactions in Cluj-Napoca in 2018 The streets with the most valuable transactions
Month Type of property Financing Total No. Street Trans. value
EUR Land House Apartment Other Self Bank crt. EUR
January 618,341 6,294,743 30,105,442 13,320,574 29,741,138 20,597,963 50,339,100 1 Soporului 45,789,758
February 1,301,927 4,508,398 28,016,332 4,008,986 29,379,693 8,455,949 37,835,643 2 Buna Ziua 28,344,278
March 583,200 5,539,982 34,788,913 8,410,708 34,228,664 15,094,139 49,322,803 3 Oasului 22,796,719
April 627,725 5,463,475 27,481,875 10,790,636 29,493,805 14,869,906 44,363,711 4 Alexandru Vaida Voevod 16,114,108
May 520,923 8,701,816 34,239,701 9,284,957 35,665,243 17,082,154 52,747,397 5 Augustin Presecan 15,016,868
June 840,864 7,764,358 29,242,000 21,400,292 33,134,202 26,113,313 59,247,514 6 21 Decembrie 1989 12,895,890
July 1,725,128 9,697,472 35,957,131 11,338,481 39,939,656 18,778,556 58,718,212 7 Trifoiului 11,162,635
August 1,489,322 7,696,506 37,020,338 11,043,509 39,508,795 17,740,881 57,249,676 8 Borhanciului 10,655,544
September 1,089,886 6,051,303 42,649,011 7,606,251 38,082,829 19,313,622 57,396,451 9 Dorobantilor 10,583,376
October 782,366 8,407,859 42,946,344 15,411,207 43,447,369 24,100,406 67,547,776 10 Eugen Ionesco 9,866,967
November 1,615,686 5,534,425 34,378,790 8,144,136 36,424,847 13,248,190 49,673,037 Top 10 183,226,143
December 2,061,180 9,115,950 33,678,981 12,766,071 40,076,775 17,545,406 57,622,182 Total transactions 2018 642,063,502
Total 13,256,548 84,776,288 410,504,859 133,525,807 429,123,017 212,940,485 642,063,502 % Top 10 of Total 29%
Source: Analysis of the database provided by Cluj-Napoca City Hall

39
 Real estate transactions by buyer's provenance
Structure of real estate transactions in Cluj-Napoca in 2018 - by origin of the buyer
Buyer Type of property Financing Total
Land House Apartment Other Self Bank
Extern 6 9 99 17 128 3 131
Roma ni a from whi ch: 340 561 5,812 1,853 6,393 2,173 8,566
Cluj County 287 492 3,668 1,373 4,281 1,539 5,820
Maramures County 9 9 376 77 381 90 471
Bistrita Nasaud County 15 7 259 59 277 63 340
Alba County 4 9 232 65 216 94 310
Salaj County 6 9 214 49 201 77 278
Mures County 1 - 196 33 170 60 230
Satu Mare County 3 4 156 26 150 39 189
Hunedoara County 1 6 117 12 114 22 136
Bihor County 3 - 88 16 85 22 107
Suceava County 2 1 85 8 85 11 96
Sibiu County 2 3 82 9 73 23 96
Other areas 7 21 339 126 360 133 493
Total 346 570 5,911 1,870 6,521 2,176 8,697

Value of real estate transactions in Cluj-Napoca in 2018 - by origin of the buyer

Buyer Type of property Financing Total
EUR Land House Apartment Other Self Bank
External 178,730 1,715,697 8,082,751 1,962,611 10,341,805 1,597,984 11,939,789
Romania from which: 13,077,818 83,060,591 402,422,108 131,563,196 418,781,211 211,342,502 630,123,713
Cluj County 10,258,853 72,369,315 252,567,207 88,520,880 280,671,891 143,044,363 423,716,255
Maramures County 525,500 1,076,535 25,952,162 2,741,876 24,075,500 6,220,572 30,296,072
Bistrita Nasaud County 1,021,863 1,578,315 16,852,283 1,975,213 16,925,542 4,502,131 21,427,673
Alba County 54,122 1,247,990 15,856,619 4,526,986 13,475,867 8,209,850 21,685,717
Salaj County 118,695 1,210,689 15,590,761 2,889,882 13,497,531 6,312,496 19,810,027
Mures County 78,000 - 13,495,625 1,327,920 10,860,291 4,041,254 14,901,545
Satu Mare County 239,897 408,840 10,762,397 1,648,898 9,807,701 3,252,330 13,060,031
Hunedoara County 250,000 871,487 8,100,813 449,918 7,918,487 1,753,731 9,672,219
Bihor County 124,999 - 6,633,257 1,266,760 5,535,889 2,489,127 8,025,016
Suceava County 168,800 99,000 5,993,151 275,961 5,675,165 861,747 6,536,912
Sibiu County 52,686 517,000 6,674,223 1,945,877 6,323,435 2,866,351 9,189,786
Other areas 184,405 3,681,420 23,943,611 23,993,025 24,013,913 27,788,548 51,802,461
Total 13,256,548 84,776,288 410,504,859 133,525,807 429,123,017 212,940,485 642,063,502
40 Source: Analysis of the database provided by Cluj-Napoca City Hall
 Approach of the analysis
For the first time in Romania, Cluj-Napoca City Hall has collected and
summarized the real estate transactions concluded within the city limits
through the Local Tax Department in order to provide citizens and other
interested people with relevant information on the real estate market in Cluj-
Napoca.
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 the transactions carried by legal entities, as well as
transactions carried by individuals with auxiliary real estate properties and
other types of properties.
The transactions recorded in the database are concluded in different
currencies (RON, USD, EUR). The database provides information on real estate
properties within the area of Cluj-Napoca as follows: type of real estate
property, physical characteristics, year of the construction, location and type
of financing (self-financing or bank loan).
Most Cluj-Napoca districts include both established real estate areas and
recently developed and expanded areas. As a result, the average prices are
not applicable to any property, but rather reflects the average price of the real
estate properties traded in the past year, prices which are influenced by age,
physical characteristics (type, endowments, size, degree of comfort), location
and position (vicinities, street, solar orientation, floor, proximity of public
transport) etc.
In order to standardize the results, the transactions were converted into EUR
currency, based on the average exchange rate published by the National Bank
of Romania for the month in which the transactions were concluded. The
relevant records forming the statistical population under analysis refer to a
total of 8,697 real estate properties, traded during January – December 2018.
The main criteria utilized for the analysis of the real estate transactions were
the type of real estate property, the district in which the real estate property
is located, the financing method for the acquisition and the area of the real
estate property.
41
In order to conclude on the information at hand, our target was to derive a
unit price for each type of real estate property. Therefore, we used the net
area as benchmark for apartments, whereas for houses we used the gross
built area. The transactions were analyzed by type (plots of land, houses,
apartments and other real estate properties) and were also analyzed based on
the financing sources.
City districts were delimited using publicly available information. Subsequently,
in order to avoid the distortion of the extrapolated conclusions, the location
of the streets was verified in the database. Districts are delimited by proximity,
while areas are not considered homogeneous in term of attractiveness on the
real estate market.
Following the dissemination, an average price of the apartments, per district
could be determined, respectively an average unit price for the entire city. For
home and land transactions, a global analysis was carried out at the
municipality level.
Transactions with commercial, industrial and office properties are included in
“Other properties”. Transactions with auxiliary or mixed use properties
summed up to an insufficient number, hence we could not reach a conclusion
on average unit prices.
The relevance, accuracy and quality of the information utilized in our analysis
is derived from the database provided by the City Hall and the transactions are
not homogeneously distributed by districts.
The information which are the basis of this guide is general. Cluj-Napoca City
Hall and the authors do not take responsibility for any decisions that are made
on the basis of information from this brochure. We did not carry out an
individual analysis of each transaction; our purpose was to make the
information available in a comprehensible and useful format for the readers.
 Sources of information
Project coordinated by Adrian Vascu, Senior Partner Veridio, chairman of
Database with real estate transactions provided by the Local Tax ANEVAR Board ANEVAR 2008-2009 and 2014-2015 and chairman of UPLR‘s
Department of the Cluj-Napoca City Hall Executive Board (President) 2018-2019 www.vascu.ro
www.primariaclujnapoca.ro
Google Maps Team: Paul Bândea, Anca Bândea, Bianca Moiș, Larisa Becheș with the support
Wikimapia of

www.clujbusiness.ro www.veridio.ro

www.visitcluj.ro
Photo credits:Eterris Photo Studio (Codruţa Georgescu and Lucian Bogdan)
http://www.facebook.com/eterrisphotostudio
42
Cluj-Napoca City Hall Cluj-Napoca 2018 - 2019
and Local Council