Cluj-Napoca City Hall

and Local Council Cluj-Napoca 2019

 Foreword
As the number of editions increases, the Real Estate Transaction Guide of
Cluj-Napoca becomes an increasingly relevant tool for the real estate
market, certainly becoming a reference project for Romania.
Transparency, communication and making the analyzed data available to
citizens are elements that make the Real Estate Transaction Guide an
extremely useful tool for Cluj-Napoca residents and for people who
choose our city as an investment destination.
The guide provides a true mirror of the reality of transactions in one of
the most dynamic real estate markets in the country and the existence of
this report, updated annually, allows this type of information to be
accessible to everyone and brings more security to the citizens who
decide to make real estate purchases.
Emil Boc
Mayor of Cluj-Napoca

2
Dear readers,
The 7th 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 2019.
The moment when we completed this analysis full of information, information that is worth
considering, overlaps with the medical crisis generated by the COVID 19 pandemic that
disrupted both our businesse and our lives. In this context, the perception of the figures in this
guide will have to be maintained at its references dates, respectively the end of 2019. For the
first quarter of 2020 was registered an increase in the volume of the real estate transactions
over the similar period of 2019. We will record the whole year 2020 and the effects of the
pandemic on the real estate market in the forthcoming edition of the guide.
Returning to the current edition, we find that the real estate market in Cluj-Napoca witnessed
in 2019 an intense activity, with real estate transactions of almost 680 mil. EUR, up 6% over
the previous year.
The average price per square meter for apartments in 2019 is 1,362 EUR/ sqm, increasing by
over 5.5% compared to 2018, upholding Cluj-Napoca as the city with the most effervescent
real estate market in Romania since the real estate crisis that commenced 11 years ago.
The growing interest for this top region of the country comes, in a significant proportion, from
the neighboring counties, such as Maramureș, Bistrița-Năsăud, Alba, Sălaj, Mureș and Satu
Mare, so that over 28% of the 2019 buyers come from other counties, and just under 2%
come from across the borders.
We invite you to find many other interesting details by browsing the pages of this new edition.
Adrian Vascu
Senior Partner Veridio

3
The districts of Cluj-Napoca

Some key figures

Did you know...

Real estate transactions in 2019

Transactions with apartments

Transactions with houses

Transactions with plots of land

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 and 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 679
million, more than double compared to EUR 284 million traded in 2014

In 2019 the total value of transactions increased by 6% compared to the

previous year and by 14% compared to 2017

The largest share of the total EUR 679 million was represented by the
transactions with apartments, accounting for 61% of the total

The average price per square meter of the apartments traded in 2019 was
1,362 EUR/sqm, 6% higher than the average square meter price of 1,287
EUR/sqm recorded in 2018

70% of the buyers come from Cluj county, while almost 28% come from
other counties of the country, and less than 2% come from abroad

6
Did you know...
Al. Vaida Voevod Street recorded the most valuable transactions (~ EUR
45 million) and Soporului Street is the street with the most numerous
transactions (550 transactions)
The district with the fewest transactions is Făget, and the one with the
least valuable transactions is the Plopilor district
Most transactions (967) were recorded in September and the highest
monthly value of transactions was recorded in October, approx. EUR 78.8
million
The most frequently traded plots of land were larger than 1,000 sqm
Apartments with area between 35-55 sqm were most frequently traded
The most expensive house traded is located in Zorilor district, in the area
of Eugen Ionesco Street, and the transaction was completed at EUR 1.15
million
The most expensive plot of land was traded in Sopor district, for EUR 1
million
Mănăştur remained the district with the most transactions (997
transactions), and the Center is the district with the most valuable
transactions in 2019 (~ EUR 88.3 million)
The most valuable transaction was concluded by a legal entity and
includes a commercial building worth over EUR 12.5 million located on Al.
Vaida Voevod Street
Acquisitions of legal entities represent 21.8% of transactions value
Top 10 most valuable transactions of legal entities account for more than
28% of the EUR 148.1 million traded by legal entities in 2019
Approximately 70% of the transactions concluded had a local buyer (Cluj
County)
7
Real estate transactions 2019
The structure of the 2019 transactions was extracted from the database provided by
the Local Tax Department of Cluj-Napoca City Hall, including 8,845 transactions, and is
presented in the following table.
Transaction structure of Cluj-Napoca in 2019
District Type of property Total
Land House Apt. Other
Andrei Muresanu 10 20 166 77 273
Becas 17 11 40 17 85
Borhanci 27 72 179 72 350
Bulgaria 3 13 221 113 350
Buna Ziua 6 9 287 197 499
Centru 3 41 503 307 854
Dambul Rotund 39 63 175 174 451
Europa 7 19 395 121 542
Faget 12 17 - 10 39
Intre Lacuri 3 11 644 138 796
Gheorgheni 1 25 588 222 836
Grigorescu 10 21 211 48 290
Gruia 3 22 29 31 85
Iris 75 67 236 117 495
Manastur 27 34 714 221 996
Marasti 4 21 403 164 592
Plopilor 1 7 40 15 63
Someseni 23 29 95 54 201
Sopor 33 - 462 60 555
Zorilor 4 21 177 67 269
Other areas 191 6 - 27 224
Total 499 529 5,565 2,252 8,845
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 5,565 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 2019
The total value of real estate transactions in 2019 was approximately EUR 679.6 million,
of which apartments accounted for the most significant share, 61%.

Value of real estate transactions in Cluj-Napoca in 2019

District Type of property Total
EUR Land House Apt. Other
Andrei Muresanu 1,463,521 4,676,403 12,280,248 6,919,416 25,339,588
Becas 1,048,786 2,051,307 3,395,210 1,916,821 8,412,124
Borhanci 1,352,868 10,395,520 13,891,824 2,986,644 28,626,856
Bulgaria 204,184 2,620,502 14,503,596 11,813,365 29,141,647
Buna Ziua 281,601 1,628,552 24,494,832 8,800,693 35,205,679
Centru 94,784 6,972,313 45,038,034 24,454,413 76,559,543
Dambul Rotund 2,340,695 7,475,737 10,843,994 8,466,804 29,127,231
Europa 770,000 4,327,163 28,750,691 5,577,745 39,425,599
Faget 1,424,999 3,638,995 - 1,106,547 6,170,542
Intre Lacuri 162,825 1,809,828 44,591,230 11,099,425 57,663,309
Gheorgheni 16,000 4,579,172 43,454,260 40,308,193 88,357,624
Grigorescu 670,373 3,911,588 17,097,708 6,041,124 27,720,792
Gruia 176,953 4,185,416 2,417,446 1,608,241 8,388,056
Iris 2,579,040 8,452,081 13,147,541 5,755,513 29,934,175
Manastur 1,446,751 4,574,944 48,773,833 3,791,084 58,586,611
Marasti 231,768 2,763,085 30,664,876 9,756,372 43,416,102
Plopilor 300,000 962,855 3,402,501 1,167,910 5,833,266
Someseni 1,022,462 3,708,432 6,011,237 2,889,495 13,631,626
Sopor 2,906,024 - 37,367,463 1,700,764 41,974,251
Zorilor 613,895 4,003,811 13,942,257 3,306,234 21,866,196
Other areas 3,667,729 535,293 - 38,766 4,241,788
Total 22,775,257 83,272,995 414,068,781 159,505,570 679,622,603
Socurce: 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

9
 Transactions with apartments Transactions with apartments in 2019 - Cluj-Napoca
District Trans. no. Surface Trans. Val. Avg. price
Transaction number: 5,565 sqm EUR'000 EUR/sqm
Andrei Muresanu 166 9,052 12,280 1,357
Transaction value: EUR 414 mill. Becas 40 2,797 3,395 1,214
Net area traded: 303,966 sqm Borhanci 179 11,069 13,892 1,255
Bulgaria 221 12,143 14,504 1,194
Most transactions: area between 35-55 sqm Buna Ziua 287 18,208 24,495 1,345
Centru 503 28,450 45,038 1,583
Apartments built after 2000: 66% of the value of the transactions
Dambul Rotund 175 9,147 10,844 1,185
Europa 395 22,215 28,751 1,294
Intre Lacuri 644 33,815 44,591 1,319
Gheorgheni 588 28,886 43,454 1,504
Grigorescu 211 12,402 17,098 1,379
Gruia 29 1,832 2,417 1,319
Iris 236 11,292 13,148 1,164
Transactions with apartments 2019 - Cluj-Napoca Manastur 714 36,991 48,774 1,319
Descriere Suprafata Vechime Total Marasti 403 22,323 30,665 1,374
>75 55 - 75 35 - 55 <35 <2000 >2000 Plopilor 40 2,312 3,403 1,472
Trans. no. 643 1,770 2,504 648 2,115 3,450 5,565 Someseni 95 5,190 6,011 1,158
Trans. val. (EUR'000) 73,814 148,060 165,060 27,135 150,226 263,843 414,069 Sopor 462 26,247 37,367 1,424
Median u.p. (EUR/sqm) 1,211 1,314 1,400 1,622 1,471 1,307 1,359 Zorilor 177 9,596 13,942 1,453
Avg. u.p. (EUR/sqm) 1,254 1,329 1,413 1,608 1,442 1,321 1,362 Total 5,565 303,966 414,069 1,362
Socurce: Analysis of the database provided by Cluj-Napoca City Hall Socurce: 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: 503 financial and administrative area of
Value: EUR 45,038 thousand the city. Includes new and old, mixed-
Average price: 1,583 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
Dorobanților, Avram Iancu Street,
Memorandumului Street, Calea
Moților, Eroilor Street and Unirii
Square.
Densification of the central area has
been achieved through many mixed-
use buildings. The ultra-central
Socurce: 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 2019 - city centre

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 78 158 207 60 287 216 503
Trans. val. (EUR'000) 11,561 15,057 15,539 2,881 25,004 20,034 45,038
Median u.p. (EUR/sqm) 1,351 1,532 1,622 1,832 1,598 1,591 1,596
Avg. u.p. (EUR/sqm) 1,510 1,541 1,644 1,841 1,597 1,566 1,583
Socurce: 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

11
Transactions with apartments in Gruia
The Gruia district is bordered by the
Number of apartments: 29 railway line (North), Horea St. (East),
Value: EUR 2,417 thousand Grigorescu district (South), Hoia
Average price: 1,319 EUR/sqm Forest (West) mainly consisting of
individual villas. The main traffic
routes are Romulus Vuia St., Gruia St.,
Emil Racoviță 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 Cetațuia area.
Being located on the hill, some areas
have a high risk of landslides. Includes
Tetarom I, the first industrial park, but
also the stadium of the CFR Cluj
Socurce: Google Maps, Cluj-Napoca City Hall
football team, known as Dr.
Note: The limits of the districts were established on the basis of the Constantin Rădulescu.
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2019 - Gruia

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 7 2 10 10 20 9 29
Trans. val. (EUR'000) 1,303 168 576 370 1,445 973 2,417
Median u.p. (EUR/sqm) 1,265 1,366 1,508 1,652 1,533 1,477 1,478
Avg. u.p. (EUR/sqm) 1,227 1,351 1,408 1,560 1,279 1,383 1,319
Socurce: 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: 166 the south-east, delimited by: A. Iancu
Value: EUR 12,280 thousand St. (North), Constantin Brâncuşi St.
Average price: 1,357 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 Bohățiel 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
Socurce: Google Maps, Cluj-Napoca City Hall
area.
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall

Transactions with apartments 2019 - Andrei Muresanu

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 17 46 93 10 19 147 166
Trans. val. (EUR'000) 2,073 4,211 5,546 451 1,633 10,647 12,280
Median u.p. (EUR/sqm) 1,211 1,384 1,280 1,462 1,516 1,289 1,314
Avg. u.p. (EUR/sqm) 1,238 1,435 1,338 1,515 1,484 1,339 1,357
Socurce: 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: 403 northeast, being delimited by
Value: EUR 30,665 thousand Răsăritului St. (North), Fabricii de
Average price: 1,374 EUR/sqm Zahăr and Ialomiței St. (East),
Dorobanților 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
Socurce: Google Maps, Cluj-Napoca City Hall
with retailers, food markets, office
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 2019 - Marasti

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 51 150 145 57 211 192 403
Trans. val. (EUR'000) 5,661 12,888 9,803 2,313 15,873 14,792 30,665
Median u.p. (EUR/sqm) 1,305 1,362 1,456 1,581 1,452 1,342 1,407
Avg. u.p. (EUR/sqm) 1,316 1,329 1,432 1,562 1,412 1,335 1,374
Socurce: 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: 644 eastern part of the city, being
Value: EUR 44,591 thousand delimited by Fabricii de Zahăr St. and
Average price: 1,319 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,
Socurce: 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
The newest project entered the
implementation phase is represented
by the new park between Mureșului
and Nirajului streets.
Transactions with apartments 2019 - Intre Lacuri
Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 33 282 218 111 232 412 644
Trans. val. (EUR'000) 3,247 22,889 14,240 4,216 14,550 30,042 44,591
Median u.p. (EUR/sqm) 1,148 1,281 1,314 1,658 1,492 1,271 1,309
Avg. u.p. (EUR/sqm) 1,099 1,285 1,358 1,646 1,422 1,274 1,319
Socurce: 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: 588 eastern part), delimited by Gen.
Value: EUR 43,454 thousand Traian Moșoiu St. and Semenicului St.
Average price: 1,504 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 Dan Anca
Sports Base and Gheorgheni Sports
Base, inaugurated in 2017 (the most
Socurce: Google Maps, Cluj-Napoca City Hall modern sports and leisure complex in
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall the city), offering free access to all
citizens.

Transactions with apartments 2019 - Gheorgheni

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 40 142 297 109 377 211 588
Trans. val. (EUR'000) 4,967 13,141 20,175 5,171 26,401 17,053 43,454
Median u.p. (EUR/sqm) 1,429 1,455 1,487 1,781 1,564 1,442 1,509
Avg. u.p. (EUR/sqm) 1,428 1,464 1,499 1,741 1,520 1,481 1,504
Socurce: 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: 177 southern direction on the exit
Value: EUR 13,942 thousand towards Turda. It’s main borders are:
Average price: 1,453 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
Socurce: Google Maps, Cluj-Napoca City Hall
buildings took place.
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 2019 - Zorilor

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 33 44 68 32 122 55 177
Trans. val. (EUR'000) 3,518 3,900 5,000 1,524 9,712 4,230 13,942
Median u.p. (EUR/sqm) 1,331 1,404 1,586 1,960 1,539 1,361 1,507
Avg. u.p. (EUR/sqm) 1,277 1,390 1,548 1,896 1,512 1,334 1,453
Socurce: 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: 287 a continuous development, including
Value: EUR 24,495 thousand individual villas and residential blocks
Average price: 1,345 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 street, the latter being
subjected between 2019 and 2020 to
an extensive modernization process.
Because it is an area of intense real
estate development, urbanization is
of low quality.
It is bordered by three well-
Socurce: Google Maps, Cluj-Napoca City Hall established residential districts:
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall Gheorgheni, Andrei Mureșanu and
Zorilor.

Transactions with apartments 2019 - Buna Ziua

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 57 129 98 3 7 280 287
Trans. val. (EUR'000) 6,535 10,963 6,850 146 544 23,951 24,495
Median u.p. (EUR/sqm) 1,240 1,368 1,418 1,544 1,418 1,356 1,357
Avg. u.p. (EUR/sqm) 1,269 1,344 1,427 1,415 1,366 1,345 1,345
Socurce: 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: 395 southern part of the city, near Eugen
Value: EUR 28,751 thousand Ionesco St. (the main thoroughfare)
Average price: 1,294 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
Socurce: Google Maps, Cluj-Napoca City Hall
area has led to the residential real
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 2019 - Europa

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 39 132 210 14 5 390 395
Trans. val. (EUR'000) 4,507 10,260 13,368 615 355 28,396 28,751
Median u.p. (EUR/sqm) 1,151 1,311 1,330 1,323 1,204 1,322 1,321
Avg. u.p. (EUR/sqm) 1,194 1,273 1,349 1,305 1,221 1,295 1,294
Socurce: 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
Grigorescu district (in the north-west)
Number of apartments: 211 is bounded by Hoia forest (West),
Value: EUR 17,098 thousand Gruia district(North), center (East),
Average price: 1,379 EUR/sqm Someşul Mic (South) and it is crossed
by 3 main traffic arteries: , Eremia
Grigorescu St., 1 Decembrie 1918 Blvd.
and Alexandru Vlahuță 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.

Socurce: 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 2019 - Grigorescu

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 44 51 99 17 162 49 211
Trans. val. (EUR'000) 5,356 4,222 6,727 792 12,437 4,660 17,098
Median u.p. (EUR/sqm) 1,263 1,325 1,489 1,619 1,450 1,313 1,424
Avg. u.p. (EUR/sqm) 1,331 1,309 1,451 1,536 1,392 1,345 1,379
Socurce: 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: 40 delimited by Someşul Mic (North),
Value: EUR 3,403 thousand George Coşbuc St. (East), Calea
Average price: 1,472 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 Independenței, 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
Socurce: 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 2019 - Plopilor

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 7 12 18 3 16 24 40
Trans. val. (EUR'000) 890 1,154 1,230 128 1,306 2,097 3,403
Median u.p. (EUR/sqm) 1,562 1,420 1,550 2,033 1,583 1,562 1,562
Avg. u.p. (EUR/sqm) 1,419 1,460 1,489 1,902 1,510 1,449 1,472
Socurce: 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: 714 on the exit direction from Cluj-Napoca
Value: EUR 48,774 thousand to Oradea, has as main limits the
Average price: 1,319 EUR/sqm Roses Park, Calvaria, Calea Mănăștur
(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.,
Mehedinți St., Primăverii St. and
Câmpului St.
There is an area of intense real estate
development, Câmpului street, where
the individual parcel development
Socurce: Google Maps, Cluj-Napoca City Hall
predominates and, more recently, the
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 2019 - Manastur

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 93 176 306 139 563 151 714
Trans. val. (EUR'000) 9,303 14,405 19,125 5,942 37,421 11,353 48,774
Median u.p. (EUR/sqm) 1,173 1,279 1,424 1,597 1,414 1,214 1,373
Avg. u.p. (EUR/sqm) 1,163 1,265 1,388 1,553 1,356 1,208 1,319
Socurce: 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 Dâmbul
Rotund
Dâmbul Rotund district is located in
Number of apartments: 175 the north-west of the city on the exit
Value: EUR 10,844 thousand direction from Cluj-Napoca to Zalău.
Average price: 1,185 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
Socurce: Google Maps, Cluj-Napoca City Hall recent years, the development of
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall housing blocks has intensified,
especially on Corneliu Coposu street.

Transactions with apartments 2019 - Dambul Rotund

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 16 42 89 28 36 139 175
Trans. val. (EUR'000) 1,634 3,212 5,201 798 1,252 9,592 10,844
Median u.p. (EUR/sqm) 1,080 1,170 1,200 1,336 1,234 1,178 1,191
Avg. u.p. (EUR/sqm) 1,021 1,218 1,208 1,323 1,168 1,188 1,185
Socurce: 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: 221 is delimited by Someşul Mic (North),
Value: EUR 14,504 thousand Beiuşului St. (East), Răsăritului St.
Average price: 1,194 EUR/sqm (South), Someşul Mic (West),
including mainly industrial properties,
but also residential properties.
The important traffic streets are
Câmpina Street, Plevnei Street,
Tăbăcarilor Street, Porțelanului 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.

Socurce: 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 2019 - Bulgaria

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 25 84 107 5 13 208 221
Trans. val. (EUR'000) 2,319 6,238 5,749 197 790 13,714 14,504
Median u.p. (EUR/sqm) 1,122 1,238 1,208 1,393 1,155 1,212 1,208
Avg. u.p. (EUR/sqm) 1,073 1,209 1,230 1,327 1,154 1,197 1,194
Socurce: 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: 236 part of the city in an industrial
Value: EUR 13,148 thousand predominant area.
Average price: 1,164 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 Steluța orchard.

Socurce: 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 2019 - Iris

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 10 55 131 40 35 201 236
Trans. val. (EUR'000) 1,056 3,961 6,830 1,300 1,180 11,968 13,148
Median u.p. (EUR/sqm) 942 1,105 1,123 1,325 1,272 1,111 1,117
Avg. u.p. (EUR/sqm) 943 1,132 1,203 1,310 1,272 1,155 1,164
Socurce: 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: 95 eastern direction on the exit from Cluj
Value: EUR 6,011 thousand to Apahida, has as its main limits the
Average price: 1,158 EUR/sqm Someșul Mic River and Muncii Blvd.
(North), Beiuşului St. (West),
Apahida-Vâlcele ring road (East),
Someşeni St. (South).
The district located on the outskirts,
hosts mainly individual villas and
industrial sites. Also, within its
borders we find the airport of the
municipality and the Ardeal Sports
Base.
The main traffic arteries are Traian
Vuia Street, Căpitan Grigore Ignat
Street, Cantonului Street, Someşeni
Socurce: Google Maps, Cluj-Napoca City Hall Street and Platanilor Street.
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall The expansion of the airport runway
took place concurrently with the
densification of the residential area.

Transactions with apartments 2019 - Someseni

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 6 36 44 9 8 87 95
Trans. val. (EUR'000) 590 2,575 2,624 222 197 5,814 6,011
Median u.p. (EUR/sqm) 907 1,131 1,157 1,106 1,094 1,146 1,145
Avg. u.p. (EUR/sqm) 1,046 1,137 1,216 1,094 1,064 1,162 1,158
Socurce: 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: 179 south of the Pallocsay orchard and in
Value: EUR 13,892 thousand the east of Colonia Becaș.
Average price: 1,255 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.

Socurce: 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 2019 - Borhanci

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 22 75 81 1 1 178 179
Trans. val. (EUR'000) 2,661 5,717 5,444 70 63 13,829 13,892
Median u.p. (EUR/sqm) 1,106 1,237 1,361 2,109 1,219 1,284 1,284
Avg. u.p. (EUR/sqm) 1,091 1,246 1,358 2,109 1,219 1,255 1,255
Socurce: 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: 462 eastern part of the city near the
Value: EUR 37,367 thousand Palocsay orchard, Gheorgheni and
Average price: 1,424 EUR/sqm Între Lacuri districts.
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,
in 2019 being organized a competition
for the realization of a master plan of
sustainable urbanization.
As a newly-developed district Sopor
lacks urban elements of integration
(infrastructure, public spaces,
marketplaces).
In the immediate vicinity of the
Socurce: Google Maps, Cluj-Napoca City Hall neighborhood is the Gheorgheni
Note: The limits of the districts were established on the basis of the
information provided by the Cluj-Napoca City Hall Sports Base.

Transactions with apartments 2019 - Sopor

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 56 128 278 - 1 461 462
Trans. val. (EUR'000) 5,632 11,026 20,709 - 64 37,303 37,367
Median u.p. (EUR/sqm) 1,226 1,371 1,529 - 1,603 1,434 1,436
Avg. u.p. (EUR/sqm) 1,218 1,402 1,505 - 1,603 1,423 1,424
Socurce: 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 Becaș
Colonia Becaş is located in the south-
Number of apartments: 40 east of Bună Ziua district, south of
Value: EUR 3,395 thousand Andrei Mureşanu and Gheorgheni
Average price: 1,214 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.

Socurce: 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 2019 - Becas

Description Area Age Total
>75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 9 26 5 - - 40 40
Trans. val. (EUR'000) 1,001 2,073 321 - - 3,395 3,395
Median u.p. (EUR/sqm) 995 1,267 1,257 - - 1,260 1,260
Avg. u.p. (EUR/sqm) 1,116 1,265 1,227 - - 1,214 1,214
Socurce: 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
 Normalized sample: 391 houses
Transactions with houses Transactions with houses in 2019 - Cluj-Napoca
Transaction value: EUR 62.9 million District Trans. No. Val. Trans.
Number of traded houses: 529 case EUR'000
The average land area of a house is: 386 sqm Andrei Muresanu 20 4,676
Transaction value: EUR 83.2 million
The average GBA of a house is: 172 sqm Becas 11 2,051
Approx. 46% of transactions value: Borhanci, Borhanci 72 10,396
Iris, Dâmbul Rotund, Centru and Andrei Average price: 937 EUR/sqm (sqm GBA, includes land) Bulgaria 13 2,621
Mureșanu Buna Ziua 9 1,629
Average house price <1990: 1,210 EUR/sqm
Centru 41 6,972
The most numerous house transactions: Average house price >1990: 869 EUR/sqm Dambul Rotund 63 7,476
Borhanci, Iris, Dâmbul Rotund, Centru and Europa 19 4,327
Mănăștur Faget 17 3,639
Intre Lacuri 11 1,810
Transactions with houses in 2019 - Cluj-Napoca (normalized sample) Gheorgheni 25 4,579
Description Age Total Grigorescu 21 3,912
<1990 >=1990 Gruia 22 4,185
Number of transactions 107 284 391 Iris 67 8,452
Value of transactions(EUR'000) 16,266 46,699 62,965 Manastur 34 4,575
Gross built area(sqm) 13,439 53,743 67,182 Marasti 21 2,763
Land area(sqm) 35,439 115,549 150,988 Plopilor 7 963
Avg. land area(sqm) 331 407 386 Someseni 29 3,708
Avg. gross built area(sqm) 126 189 172 Zorilor 21 4,004
Avg. unit price(EUR/sqm GBA) 1,210 869 937 Other areas 6 535
Source: Analysis of the database provided by Cluj-Napoca City Hall Total 529 83,273
Note: To obtain a normalized sample of transactions, from the 529 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 76% of the total value of Sursa: Analiza bazei de date furnizată de Primăria Mun. Cluj-Napoca
transactions with houses. 30
 Transactions with plots of land Transactions with plots of land in 2019 - Cluj-Napoca
District Trans. No. Area Trans. Val.
Number of plots of land traded: 499 sqm EUR'000
Andrei Muresanu 10 15,042 1,464
Value of transactions: EUR 22.7 mill. Becas 17 18,192 1,049
Over 50% of transactions value in: Other adjacent areas, Sopor, Iris and Dâmbul Rotund Borhanci 27 32,435 1,353
Bulgaria 3 1,670 204
Most land transactions: Other areas, Iris, Dâmbul Rotund and Sopor Buna Ziua 6 2,893 282
Centru 3 629 95
Total land area traded: 744,000 sqm
Dambul Rotund 39 40,592 2,341
Most transactions: areas larger than 1,000 sqm Europa 7 4,321 770
Faget 12 11,875 1,425
Most valuable transactions: more than 1,000 sqm Intre Lacuri 3 9,537 163
Gheorgheni 1 341 16
Grigorescu 10 9,504 670
Gruia 3 1,594 177
Iris 75 56,891 2,579
Transactions with plots of land in 2019 - Cluj-Napoca Manastur 27 26,700 1,447
Description Area Total Marasti 4 1,697 232
<100 mp 100-300 mp 300-500 mp 500-1000 mp >1000 mp Plopilor 1 302 300
Trans. No. - 41 82 179 197 499 Someseni 23 38,034 1,022
Trans. Val. (EUR'000) - 1,621 3,627 6,726 10,801 22,775 Sopor 33 70,961 2,906
Area (sqm) - 7,182 33,646 121,185 581,987 744,000 Zorilor 4 2,237 614
Socurce: Analysis of the database provided by Cluj-Napoca City Hall Other areas 191 398,554 3,668
Total 499 744,000 22,775
Socurce: Analysis of the database provided by Cluj-Napoca City Hall
31
Evolution of the real estate market in Cluj-
Napoca 2013-2019

Evolution of the real estate market in Cluj-Napoca

2013 - 2019
800 mill. €
680 mill. €
700 mill. € 642 mill. €
594 mill. €
600 mill. €

500 mill. € 457 mill. €

400 mill. € 358 mill. €

284 mill. €
300 mill. €
156 mill. €
200 mill. €

100 mill. €

0 mill. €
2013 2014 2015 2016 2017 2018 2019
Transactions

32
Evolution of the real estate market in Cluj-
Napoca 2013-2019
Evolution of the transation type 2013 - 2019
800 mill. € (Apt./ Houses/ Plots of land/ Other properties)
700 mill. € 23 mill. €
13 mill. €
33 mill. € 83 mill. €
600 mill. € 85 mill. €
62 mill. €
500 mill. € 20 mill. € 134 mill. € 160 mill. €
123 mill. €
400 mill. € 16 mill. € 61 mill. €

16 mill. € 51 mill. € 88 mill. €

300 mill. €
36 mill. € 64 mill. €
200 mill. € 12 mill. € 63 mill. € 377 mill. € 411 mill. € 414 mill. €
21 mill. € 287 mill. €
100 mill. € 15 mill. €169 mill. € 226 mill. €
109 mill. €
0 mill. €
2013 2014 2015 2016 2017 2018 2019
Apartments Other properties Houses Plots of land

Evolution of apartment transactions Cluj-Napoca 2013 - 2019

1.600 €/sqm 450 mill. €
1.287 €/sqm 1.362 €/sqm
1.400 €/sqm 1.211 €/sqm 400 mill. €
1.200 €/sqm 350 mill. €
1.000 €/sqm
873 €/sqm 300 mill. €
1.000 €/sqm 821 €/sqm 836 €/sqm
250 mill. €
800 €/sqm
200 mill. €
600 €/sqm
150 mill. €
400 €/sqm 100 mill. €
200 €/sqm 50 mill. €
109 mill. € 169 mill. € 226 mill. € 287 mill. € 377 mill. € 411 mill. € 414 mill. €
0 €/sqm 0 mill. €
2013 2014 2015 2016 2017 2018 2019
Transaction value Avg. unit price

33
Summary of real estate transactions in Cluj-Napoca in 2019
Real estate transactions Cluj-Napoca 2019: 8,845 transactions, EUR 679.6 million, of which:
• Apartments: 5,565 transactions, EUR 414 million
• Houses: 529 transactions, EUR 83.2 million
• Land: 499 transactions, EUR 22.7 million
• Other properties: 2,252 transactions, EUR 159.5 million
Real estate transactions of legal entities, 1,136 in total, are included in the Other properties category, accounting for EUR 148 million and representing 50% of the
volume of other transactions and 93% of the value of other transactions

34
Average price for apartments traded in 2019

Average price/sqm for

apartments:
1,362 EUR/sqm

1,164
EUR/sqm

1,194 1,158
1,185 EUR/sqm EUR/sqm
EUR/sqm

1,374
1,319 EUR/sqm
EUR/sqm 1,319
EUR/sqm

1,379
1,583
EUR/sqm
EUR/sqm
1,504
1,472 EUR/sqm
EUR/sqm 1,424
1,357 EUR/sqm
EUR/sqm
1,319 1,453
EUR/sqm EUR/sqm

1,255
1,294 EUR/sqm
EUR/sqm 1,345
EUR/sqm

1,214
EUR/sqm

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

35
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

36
Monthly transaction structure and transaction rankings by street
Monthly structure of real estate transactions in Cluj-Napoca in 2019 The streets with the most transactions
Month Type of property Total No. Street No.
Land House Apt. Other crt. Transactions
January 34 19 356 108 517 1 Soporului 550
February 44 31 442 194 711 2 Aurel Vlaicu 374
March 56 43 455 242 796 3 Buna Ziua 335
April 37 48 445 182 712 4 Portelanului 252
May 44 41 483 185 753 5 Alexandru Vaida Voevod 249
June 52 45 427 151 675 6 Oasului 240
July 41 60 467 211 779 7 Nicolae Steinhardt 211
August 39 62 574 155 830 8 21 Decembrie 1989 185
September 44 51 630 238 963 9 Borhanciului 170
October 40 59 589 225 913 10 Calea Turzii 151
November 47 54 471 179 751 Top 10 2,717
December 21 16 226 182 445 Total transactions 2019 8,845
Total 499 529 5,565 2,252 8,845 % Top 10 of Total 31%

Monthly value of real estate transactions in Cluj-Napoca in 2019 The streests with the most valuable transactions
Month Type of property Total No. Street No. of trans.
EUR Land House Apt. Other crt. EUR
January 1,219,122 2,691,012 25,975,683 6,307,801 36,193,618 1 Alexandru Vaida Voevod 44,966,846
February 2,175,638 4,239,611 31,465,774 12,978,637 50,859,660 2 Soporului 41,230,752
March 2,490,588 8,073,881 32,631,619 13,767,784 56,963,872 3 Aurel Vlaicu 32,407,421
April 1,932,670 5,160,211 32,197,205 20,654,996 59,945,082 4 Buna Ziua 22,869,101
May 1,851,005 8,334,523 37,248,272 12,959,553 60,393,353 5 Portelanului 17,447,795
June 2,101,702 6,925,433 31,177,851 17,791,860 57,996,846 6 21 Decembrie 1989 16,268,355
July 2,783,753 9,423,040 34,302,749 10,365,716 56,875,258 7 Oasului 12,775,764
August 2,016,586 10,087,461 42,570,529 5,484,209 60,158,785 8 Nicolae Steinhardt 12,160,522
September 1,542,253 9,066,244 45,038,395 15,444,823 71,091,714 9 Eugen Ionesco 11,693,308
October 1,470,248 8,859,283 44,440,730 24,064,116 78,834,378 10 Borhanciului 10,999,595
November 2,567,650 7,575,836 38,600,448 8,006,998 56,750,932 Top 10 222,819,458
December 624,041 2,836,461 18,419,526 11,679,077 33,559,104 Total transactions 2019 679,622,603
Total 22,775,257 83,272,995 414,068,781 159,505,570 679,622,603 % Top 10 of Total 33%
Socurce: Analysis of the database provided by Cluj-Napoca City Hall

37
Real estate transactions by buyer's provenance
Structure of real estate transactions in Cluj-Napoca in 2019 - by origin of the buyer
Buyer Type of property Total
Land House Apartment Other
External 11 2 105 37 155
Romania from which: 488 527 5,460 2,215 8,690
Cluj County 423 453 3,599 1,717 6,192
Maramures County 7 12 305 70 394
Bistrita Nasaud County 12 11 242 86 351
Alba County 7 11 187 70 275
Salaj County 9 7 178 37 231
Mures County 4 4 151 32 191
Satu Mare County 7 4 138 28 177
Hunedoara County 1 3 104 15 123
Bihor County 2 1 75 23 101
Suceava County 3 5 81 15 104
Sibiu County 1 5 74 17 97
Other areas 12 11 326 105 454
Total 499 529 5,565 2,252 8,845

Value of real estate transactions in Cluj-Napoca in 2019 - by origin of the buyer

Buyer Type of property Total
EUR Land House Apartment Other
External 557,889 438,000 8,753,349 3,770,028 13,519,265
Romania from which: 22,217,368 82,834,995 405,315,433 155,735,541 666,103,338
Cluj County 18,206,063 71,596,761 267,533,086 103,934,667 461,270,578
Maramures County 402,176 1,556,951 22,971,314 3,072,818 28,003,259
Bistrita Nasaud County 712,518 1,707,484 17,182,605 3,511,962 23,114,568
Alba County 207,674 1,752,323 14,249,729 11,726,563 27,936,289
Salaj County 913,776 676,641 13,022,060 1,433,823 16,046,300
Mures County 320,349 685,962 10,676,193 1,981,919 13,664,423
Satu Mare County 500,021 720,587 9,895,491 696,673 11,812,771
Hunedoara County 24,117 230,299 7,832,234 1,194,686 9,281,336
Bihor County 53,622 185,000 5,413,707 1,612,530 7,264,859
Suceava County 68,403 959,548 6,126,336 738,712 7,893,000
Sibiu County 26,440 790,000 5,599,893 759,379 7,175,712
Other areas 782,209 1,973,441 24,812,786 25,071,809 52,640,244
Total 22,775,257 83,272,995 414,068,781 159,505,570 679,622,603
Socurce: Analysis of the database provided by Cluj-Napoca City Hall 38
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.
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 8,845 real estate properties, traded during January – December 2019.
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 and the area of the real estate property.
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).
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.
39
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 www.primariaclujnapoca.ro Executive Board (President) 2018-2019 www.vascu.ro
Google Maps Team: Paul Bândea, Anca Bândea, Bianca Moiș, Larisa Becheș, Flavius Pop,
Wikimapia Ionuț Șereș with the support of

www.clujbusiness.ro
www.visitcluj.ro www.veridio.ro
Photo credits: Lucian Bogdan

40
Cluj-Napoca City Hall Cluj-Napoca 2019
and Local Council