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Real estate transactions

3rd Edition

ClujNapoca
2015
September 7, 2016
Cluj-Napoca City Hall and Local Council
Foreword

Dear readers,

We continue this unique project in Romania, through which Cluj-Napoca City Hall shares
information about the previous year real estate transactions in Cluj-Napoca with the entire
community.
We are already at the third edition and in the three brochures you will find extremely
valuable and diverse information. The figures from the guide can be analyzed independently or by
yearly evolution.
Thus, you will learn that a number of 7,007 transactions were registered in 2015, with a
total value of about 358 million EUR, recording a 26% growth rate compared to the previous year.
Interestingly enough, 25.7% of the transactions were financed by bank loans, while the difference
was self-financed.
The unit figures reported on square meter represent average prices, which will have to be
carefully analyzed in order to draw adequate conclusions.
I would like to mention once more that this document represents an exceptionally rich
source of information, which, if explored accordingly, should lead to conclusions and subsequently
to decisions able to improve not only the transparency, but also the overall environment of real
estate transactions development in Romania.
Be curios and analyze. It will be fabulous.

Vascu Adrian
Senior Partner Veridio

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2016 Cluj-Napoca
Table of contents

Cluj-Napoca and the real estate market

Database and approach of the analysis

Summary of Cluj-Napoca real estate transactions in 2015

1. Transactions with apartments

Transactions with apartments City Centre, Gruia, Andrei Muresanu

Transactions with apartments Gheogheni, Intre Lacuri, Marasti

Transactions with apartments Zorilor, Europa, Buna Ziua

Transactions with apartments Manastur, Plopilor, Grigorescu

Transactions with apartments Dambul Rotund, Iris, Bulgaria, Someseni

Transactions with apartments Sopor, Borhanci, Becas, Faget

2. Transactions with houses

3. Transactions with plots of land

Conclusions

Did you know?

Various statistics

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
Cluj-Napoca

Medical Center

Students
Botanical Garden

European Youth Capital

Culture
Universities
Churches
Festivals

Feleac
Art Innovation

Movie theaters
Central Park
Cathedral
Theater

Cetatuie
Cluj-Napoca
Opera

Youth
Music
Hasdeu

Old Casino
Libraries
Sports Piezisa

Lakes
Palaces
Events
Transylvania
Observatory
Heritage

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
The population and the housing fund statistical data from the census

Then and now 1977 2011


2.25 6.5
living area in Cluj-Napoca mil. mil.
sqm sqm

8.6 sqm/ 21.8 sqm/


average living area/person person person

average number of inhabitants/ 3.7 2.4


residence people people

15 sqm/ 22 sqm/
average area/room room room

32 sqm/ 52 sqm/
average area/ residence residence residence

2 rooms/ 2.4 rooms/


number of rooms/person residence residence

rooms/ 1 room/
number of rooms/person person person

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2016 Cluj-Napoca
Source: INSSE, data collected from the population and housing census in 1977, 1992, 2002 and 2011
Cluj-Napoca and the real estate market
The districts of Cluj-Napoca

Cluj-Napoca
Iris

Dmbul Rotund Bulgaria


Someeni
Mrti
Gruia ntre Lacuri

Grigorescu Centru
Gheorgheni
Plopilor
Andrei Sopor
Mureanu
Mntur Zorilor
Bun
Ziua Borhanci
Europa
Beca

Fget

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
Gruia, City Centre, Andrei Muresanu

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
Marasti, Intre Lacuri, Gheorgheni

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
Zorilor, Buna Ziua, Europa

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
Grigorescu, Plopilor, Manastur

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
Dambul Rotund, Iris, Bulgaria, Someseni

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Cluj-Napoca and the real estate market
Sopor, Borhanci, Becas, Faget

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Database and approach of the analysis

Database Following analysis of the information fields, the database includes:


In the past years, through the Local Tax Department, Cluj-Napoca City Hall has 7,007 lines, which refer to the real estate properties obtained through sale-purchase
collected and summarized the real estate transactions concluded within the city limits. operations, which provide all the necessary information for a detailed analysis
The database is based on the property tax returns related to the real estate properties
1,036 removed lines, which include doubled transactions (presented from the buyers
acquired within the area of Cluj-Napoca.
perspective, as well as from the sellers one), or transactions which do not include
The database is a MS ExcelTM file that includes 8,043 lines, corresponding to the 2015 information on the price (generally include transactions with auxiliary real estate
property tax returns of the real estate properties, including records from January properties: storage units, garages, parking lots, basements or small plots of land
December 2015. related to certain apartments, already included in the price of the base real estate
property and presented on a distinct line).
The transactions are concluded between individuals, legal entities or both, using
various financing sources (bank loans or cash). The object of the transactions includes Consequently, records which were doubled over or referring to auxiliary real estate
real estate properties consisting of plots of land, houses (land and buildings), properties with prices included in the main transaction were excluded from this analysis.
apartments or other types of real estate properties. Transactions with other types of
Therefore, we analyzed 7,007 records based on sale-purchase agreements, collectively
real estate properties include the transactions carried by legal entities, as well as
referred to as transactions, from the period January December 2015. These
transactions carried by individuals with auxiliary real estate properties and other types
transactions provide detailed information on the type, characteristics and price of the real
of properties. The transactions recorded in the database are concluded in different
estate properties.
currencies (RON, USD, EUR).
The file provides information on real estate properties within the area of Cluj-Napoca
as follows:
Manner to obtain the ownership rights over the real estate property
Type of real estate property: plot of land, house, apartment, other types of real
estate properties etc.
Physical characteristics of the real estate property: land area, net/gross built area of
the building, year of the construction
Location of the real estate property: district, street, number
In case of sale-purchase operations, related details of the transaction: date, price of
the transaction and type of financing (self-financing or bank loan)
Other details on the real estate property
Thus, the over 8,000 lines of the database refer to different manners to obtain the
ownership rights over the real estate properties, respectively sale-purchase or auction.

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2016 Cluj-Napoca
Database and approach of the analysis

Methodology and approach The transactions were analyzed by type (plots of land, houses, apartments and other
real estate properties), and in the case of transactions with apartments, information
The database previously presented was subject to a preliminary analysis, that aimed to
was sufficient to also perform an analysis at district level.
identify the type of real estate properties, the date of the transactions, the lines
containing relevant information for the analysis and the dissemination of the City districts were delimited using publicly available information. Subsequently, in order
information. to avoid the distortion of the extrapolated conclusions, the location of the streets was
verified in the database. The maps included in the document are based on information
In order to standardize the results, the transactions were converted into EUR currency,
from the database provided by Cluj-Napoca City Hall.
based on the average exchange rate published by the National Bank of Romania for
the month in which the transactions were concluded. The real estate transactions were also analyzed based on the financing sources: the
majority of the transactions were self-financed (5,405 transactions), while the rest of
The relevant records forming the statistical population under analysis refer to a total of
the transactions were financed through bank loans (1,602 transactions).
7,007 real estate properties, traded during January December 2015.
The average and median unit price of the apartments was calculated for each district in
The main criteria in the analysis of the real estate transactions were:
Cluj-Napoca between January December 2015. We also extracted an average unit
Type of real estate property price for apartments at city level.

District in which the real estate property is located The number of transactions with houses and plots of lands was lower, hence, it was
not possible to extract information at district level. Transactions with auxiliary or mixed
Financing method for the acquisition use properties summed up to an insufficient number, hence we could not reach a
Area of the real estate property conclusion on average unit prices. Transactions concluded by legal entities, usually
consisting of commercial, industrial and office real estate properties, are also included
According to the type of real estate property, the transactions under analysis can be in the category Other real estate properties. A series of transactions with apartments
grouped as follows: that have atypical characteristics or prices were also included in the category Other
410 transactions with plots of land real estate properties.

432 transactions with houses (land and buildings) The relevance, accuracy and quality of the information utilized in our analysis is
derived from the database provided by the City Hall. The transactions are not
4,536 transactions with apartments homogeneously distributed by districts.
1,629 transactions representing transactions carried by legal entities, as well as The information from the database is collected from the sale-purchase agreements.
transactions with various auxiliary real estate properties, such as storage units, Cluj-Napoca City Hall and the authors do not take responsibility for any decisions that
garages, parking lots, non-residential real estate properties traded by individuals. 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
In order to conclude on the information at hand, our target was to derive a unit price for
available in a comprehensible and useful format for the reader.
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.

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2016 Cluj-Napoca
Database and approach of the analysis

The structure of the real estate transactions extracted from the database provided by A total of 4,536 transactions with apartments is presented in detail in our analysis.
the Local Tax Department of Cluj-Napoca City Hall is presented in the following table:
432 houses, including land and buildings, were traded in different districts of the city.
Their typology and structure do not allow a detailed and relevant analysis by district.
The structure of the real estate transactions in Cluj-Napoca in 2015
Similarly, there are 410 transactions with plots of land. Conclusions about these
District Type of property Financing Total transactions are presented globally.
Land House Apt. Other Self Bank
Andrei Muresanu 24 34 103 60 182 39 221
The next chapter presents the summary of the real estate transactions from January
December 2015, by type of real estate property.
Becas 4 4 - 3 8 3 11
Borhanci 70 20 124 38 181 71 252 Districts are delimited by proximity, while comprising areas are not always
Bulgaria 2 11 33 53 93 6 99 homogeneous. Most Cluj-Napoca districts include both established real estate areas
Buna Ziua 12 9 287 134 301 141 442 and recent development and expansion areas. As a result, the average prices are not
Centre 4 44 522 184 654 100 754 applicable to any property, but rather reflect the average price of the real estate
Dambul Rotund 40 52 124 61 221 56 277 properties traded in the past year, prices which are influenced by age, physical
Europa 12 25 158 72 174 93 267 characteristics, location and position, auxiliary properties included in the price etc.
Faget 20 13 - 3 33 3 36
Intre Lacuri 4 18 388 82 392 100 492
Gheorgheni 4 30 501 235 620 150 770
Grigorescu 8 14 227 41 201 89 290
Gruia 9 24 41 16 73 17 90
Iris 75 34 334 94 388 149 537
Manastur 40 21 924 209 837 357 1,194
Marasti 3 17 354 171 435 110 545
Plopilor - 17 58 18 72 21 93
Someseni 23 20 111 114 237 31 268
Sopor 29 - - - 28 1 29
Zorilor 5 24 247 32 244 64 308
Other districts 22 1 - 9 31 1 32
Total 410 432 4,536 1,629 5,405 1,602 7,007
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall

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Summary of Cluj-Napoca real estate transactions in 2015
1. Transactions with apartments

Transactions w ith apartm ents in 2015 - Cluj-Napoca Cluj-Napoca


Iris
District Trans. no. Surface Val. trans. Avg. price
sqm EUR'000 EUR/sqm Dmbul Rotund Bulgaria
Andrei Muresanu 103 6,897 6,350 921 Someeni
Borhanci 124 8,254 6,480 785 Mrti
Gruia ntre Lacuri
Bulgaria 33 1,092 724 663
Buna Ziua 287 21,527 18,073 840 Grigorescu Centru
Centru 522 31,391 28,888 920 Gheorgheni
Plopilor
Dambul Rotund 124 6,497 5,269 811 Andrei Sopor
Europa 158 12,389 10,164 820 Mureanu
Intre Lacuri 388 17,222 15,501 900 Mntur Zorilor
Gheorgheni 501 26,825 25,543 952 Bun
Ziua Borhanci
Grigorescu 227 13,714 12,040 878 Europa
Gruia 41 1,964 1,572 800 Beca
Iris 334 17,079 13,172 771
Fget
Manastur 924 48,368 41,273 853
Marasti 354 20,692 18,863 912
Plopilor 58 4,316 3,942 913 Source: Google Maps, Cluj-Napoca City Hall
Someseni 111 6,460 4,891 757 Note: District limits were established based on information provided
by Cluj-Napoca City Hall
Zorilor 247 14,245 13,276 932
Total 4,536 258,933 226,022 873 Number of transactions: 4,536
Source: Analysis of the database provided by Cluj-Napoca City Hall Value of transactions: 226 mil. EUR
Traded net area: 258,933 sqm
Most transactions: area between 35-55 sqm
Transactions w ith apartm ents 2015 - Cluj-Napoca Apt. built before 2000: 53% of the value of transactions
Description Financing Area Age Total Self-financing: 64% of the value of transactions
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000 Average price: 873 EUR/sqm
Trans. no. 1,461 3,075 845 1,180 1,752 759 2,626 1,910 4,536
Trans. val. (EUR'000) 81,046 144,976 65,688 67,296 74,457 18,581 120,178 105,844 226,022
Average price bank-financing: 904 EUR/mp
Median u.p. (EUR/sqm) 926 849 766 893 923 888 900 871 885 Average price self-financing: 856 EUR/mp
Avg.u.p. (EUR/sqm) 904 856 791 889 930 922 898 846 873
Net area 89,640 169,293 83,037 75,678 80,073 20,145 133,882 125,051 258,933
Source: Analysis of the database provided by Cluj-Napoca City Hall

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Summary of the Cluj-Napoca real estate transactions in 2015
Transactions with apartments Gruia, City Centre, Andrei Muresanu Number of apartments: 41
Value: 1,572 ths. EUR
Avg. price: 800 EUR/sqm

Transactions w ith apartm ents 2015 - Gruia


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 12 29 7 6 12 16 35 6 41
Trans. val. (EUR'000) 641 931 472 330 422 348 1,237 334 1,572
Median u.p. (EUR/sqm) 867 834 736 898 775 967 850 824 836
Avg.u.p. (EUR/sqm) 854 767 701 864 796 917 796 816 800

Transactions w ith apartm ents 2015 - Centre


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 92 430 110 112 214 86 427 95 522
Trans. val. (EUR'000) 5,546 23,342 10,748 6,644 9,304 2,193 22,696 6,192 28,888
Median u.p. (EUR/sqm) 944 871 816 941 922 974 874 986 895
Avg.u.p. (EUR/sqm) 931 918 876 925 960 976 907 972 920

Transactions w ith apartments 2015 - Andrei Muresanu


Number of apartments: 522
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000 Value: 28,888 ths. EUR
Trans. no. 34 69 27 34 33 9 24 79 103 Avg. price: 920 EUR/sqm
Trans. val. (EUR'000) 2,222 4,128 2,721 2,078 1,276 275 1,423 4,928 6,350
Median u.p. (EUR/sqm) - 900 - - 938 1,040 - 981 946
Avg.u.p. (EUR/sqm) 990 887 899 959 892 1,012 831 950 921
Source: Analysis of the database provided by Cluj-Napoca City Hall Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall Note: District limits were established based on
information provided by Cluj-Napoca City Hall

Number of apartments: 103


Value: 6,350 ths. EUR
Avg. price: 921 EUR/sqm

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Summary of the Cluj-Napoca real estate transactions in 2015
Transactions with apartments Gheorgheni, Intre Lacuri, Marasti
Number of apartments: 388
Value: 15,501 ths. EUR
Transactions w ith apartm ents 2015 - Marasti Avg. price 900 EUR/sqm
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 104 250 64 121 120 49 235 119 354
Trans. val. (EUR'000) 6,090 12,773 4,926 7,275 5,542 1,121 11,818 7,045 18,863
Median u.p. (EUR/sqm) 998 891 805 922 1,003 907 916 939 923
Avg.u.p. (EUR/sqm) 958 891 822 926 988 904 909 916 912

Transactions w ith apartm ents 2015 - Intre Lacuri


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 92 296 26 71 163 128 225 163 388
Trans. val. (EUR'000) 4,629 10,872 1,676 3,894 7,114 2,817 8,402 7,099 15,501
Median u.p. (EUR/sqm) 968 897 742 903 958 901 898 946 927
Avg.u.p. (EUR/sqm) 960 877 760 862 953 928 897 903 900

Transactions w ith apartm ents 2015 - Gheorgheni


Description Financing Area Age Total Number of apartments: 354
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000 Number of apartments: 501
Value: 18,863 ths. EUR
Trans. no. 144 357 69 118 216 98 388 113 501
Avg. price: 912 EUR/sqm Value: 25,543 ths. EUR
Trans. val. (EUR'000) 8,008 17,535 6,202 6,996 9,629 2,716 17,493 8,050 25,543
Median u.p. (EUR/sqm) 1,017 902 893 941 984 1,000 961 945 957 Avg. price: 952 EUR/sqm
Avg.u.p. (EUR/sqm) 1,002 931 918 938 972 1,004 946 965 952
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Summary of the Cluj-Napoca real estate transactions in 2015
Transactions with apartments Zorilor, Europa, Buna Ziua

Number of apartments: 247


Transactions w ith apartm ents 2015 - Zorilor Value: 13,276 ths. EUR

Description Financing Area Age Total Avg. price: 932 EUR/sqm


Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 58 189 39 84 82 42 171 76 247
Trans. val. (EUR'000) 3,433 9,842 3,236 5,074 3,889 1,077 8,750 4,526 13,276
Median u.p. (EUR/sqm) 1,032 904 811 923 1,018 921 949 927 947
Avg.u.p. (EUR/sqm) 1,008 908 839 938 988 1,035 928 940 932

Transactions w ith apartm ents 2015 - Buna Ziua


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 124 163 113 113 58 3 1 286 287
Trans. val. (EUR'000) 8,266 9,807 8,299 6,844 2,842 87 45 18,028 18,073
Median u.p. (EUR/sqm) 912 849 757 927 1,038 794 1,151 875 875
Avg.u.p. (EUR/sqm) 880 808 737 933 1,005 875 1,151 839 840
Number of apartments: 158
Value: 10,164 ths. EUR
Transactions w ith apartm ents 2015 - Europa
Avg. price: 820 EUR/sqm
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 84 74 78 45 34 1 - 158 158
Trans. val. (EUR'000) 5,485 4,679 6,218 2,480 1,447 20 - 10,164 10,164 Source: Google Maps, Cluj-Napoca City Hall
Median u.p. (EUR/sqm) 854 827 756 904 973 651 - 843 843 Note: District limits were established based on
Avg.u.p. (EUR/sqm) 837 802 774 885 952 651 - 820 820 information provided by Cluj-Napoca City Hall

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


Note: District limits were established based on information provided by Cluj-Napoca City Hall Number of apartments: 287
Value: 18,073 ths. EUR
Avg. price: 840 EUR/sqm

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2016 Cluj-Napoca
Summary of the Cluj-Napoca real estate transactions in 2015
Transactions with apartments Manastur, Plopilor, Grigorescu
Number of apartments: 227
Value: 12,040 ths. EUR
Transactions w ith apartm ents 2015 - Grigorescu Avg. price: 878 EUR/sqm
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 85 142 39 63 113 12 198 29 227
Trans. val. (EUR'000) 4,849 7,190 3,002 3,544 5,143 350 10,255 1,785 12,040
Median u.p. (EUR/sqm) 959 890 795 926 964 920 940 754 923
Avg. u.p. (EUR/sqm) 937 842 764 890 946 963 919 697 878

Transactions w ith apartm ents 2015 - Plopilor


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 19 39 19 26 12 1 30 28 58
Trans. val. (EUR'000) 1,264 2,679 1,739 1,644 533 26 1,866 2,076 3,942
Median u.p. (EUR/sqm) 981 952 1,014 976 973 812 967 1,069 974
Avg.u.p. (EUR/sqm) 958 894 867 962 935 812 928 900 913
Number of apartments: 58
Value: 3,942 ths. EUR
Avg. price: 913 EUR/sqm
Transactions w ith apartm ents 2015 - Manastur
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 340 584 133 196 406 189 735 189 924
Trans. val. (EUR'000) 17,453 23,821 8,703 10,981 16,600 4,989 31,109 10,164 41,273
Median u.p. (EUR/sqm) 922 814 732 872 914 932 880 852 875
Avg.u.p. (EUR/sqm) 899 823 727 859 905 947 874 796 853
Source: Analysis of the database provided by Cluj-Napoca City Hall Number of apartments: 924
Note: District limits were established based on information provided by Cluj-Napoca City Hall
Value: 41,273 ths. EUR
Avg. price: 853 EUR/sqm

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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Summary of the Cluj-Napoca real estate transactions in 2015
Transactions with apartments Dambul Rotund, Iris

Transactions w ith apartm ents 2015 - Dam bul Rotund Transactions w ith apartm ents 2015 - Iris
Description Financing Area Age Total Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000 Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 42 82 11 45 40 28 32 92 124 Trans. no. 139 195 39 74 173 48 39 295 334
Trans. val. (EUR'000) 2,026 3,244 704 2,381 1,599 584 846 4,423 5,269 Trans. val. (EUR'000) 6,348 6,824 2,573 3,505 6,098 996 954 12,218 13,172
Median u.p. (EUR/sqm) 853 795 680 828 863 782 714 850 825 Median u.p. (EUR/sqm) 835 768 694 770 863 766 759 808 802
Avg.u.p. (EUR/sqm) 814 809 721 826 838 804 736 827 811 Avg.u.p. (EUR/sqm) 792 753 701 744 826 758 742 774 771
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall

Number of apartments: 124 Number of apartments: 334


Value: 5,269 ths. EUR Value: 13,172 ths. EUR
Avg. price: 811 EUR/sqm Avg. price: 771 EUR/sqm

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Summary of the Cluj-Napoca real estate transactions in 2015
Transactions with apartments Bulgaria, Someseni

Transactions w ith apartm ents 2015 - Bulgaria Transactions w ith apartm ents 2015 - Som eseni
Description Financing Area Age Total Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000 Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 6 27 - - 5 28 23 10 33 Trans. no. 27 84 24 38 29 20 63 48 111
Trans. val. (EUR'000) 140 584 - - 182 542 447 276 724 Trans. val. (EUR'000) 1,433 3,458 1,408 1,907 1,161 415 2,837 2,055 4,891
Median u.p. (EUR/sqm) 668 679 - - 797 628 628 843 679 Median u.p. (EUR/sqm) 888 738 581 763 839 747 791 718 761
Avg.u.p. (EUR/sqm) 681 658 - - 786 629 609 773 663 Avg.u.p. (EUR/sqm) 882 715 654 779 855 832 851 658 757
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: District limits were established based on information provided by
Cluj-Napoca City Hall

Number of apartments: 111


Number of apartments: 33
Value: 4,891 ths. EUR
Value: 724 ths. EUR
Avg. price: 757 EUR/sqm
Avg. price: 663 EUR/sqm

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Summary of the Cluj-Napoca real estate transactions in 2015
Transactions with apartments Sopor, Borhanci, Becas, Faget

Transactions w ith apartm ents 2015 - Borhanci


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 59 65 47 34 42 1 - 124 124
Trans. val. (EUR'000) 3,214 3,266 3,060 1,718 1,677 25 - 6,480 6,480
Median u.p. (EUR/sqm) 871 754 714 871 903 825 - 808 808
Avg.u.p. (EUR/sqm) 822 752 721 841 867 825 - 785 785
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall
Note 2: Sopor, Becas and Faget districts do not include a relevant number of transactions or do not include any
apartment transactions

Number of apartments: 124


Value: 6,480 ths. EUR
Avg. price: 785 EUR/sqm

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Summary of the Cluj-Napoca real estate transactions in 2015
2. Transactions with houses

Transactions w ith houses in 2015 - Cluj-Napoca Transaction w ith houses in 2015 - Cluj-Napoca (norm alized sam ple)
District Trans. No. Val. Trans. Description Financing Age Total
EUR'000 Bank Cash <1990 >=1990
Andrei Muresanu 34 7,529 Number of transactions 50 211 96 165 261
Becas 4 412 Value of transactions (EUR'000) 5,789 28,130 10,741 23,178 33,920
Borhanci 20 1,947 Avg. land area (sqm) 361 442 392 446 426
Bulgaria 11 721 Avg. gross built area (sqm) 179 216 142 247 209
Buna Ziua 9 1,149 Avg. unit price (EUR/sqm GBA) 646 618 786 568 623
City Centre 44 6,671 Source: Analysis of the database provided by Cluj-Napoca City Hall
Dambul Rotund 52 3,854 Note: To obtain a normalized sample of transactions, from the 432 transactions with houses we selected houses with a
minimum 150 sqm area of land and a minimum 80 sqm gross built area with a FAR (Floor Area Ratio) between 0.2 and 1.2;
Europa 25 2,991 these transactions represent 66% of the total value of transactions with houses.
Faget 13 1,565
Intre Lacuri 18 1,481
Gheorgheni 30 4,696 Cluj-Napoca
Iris
Grigorescu 14 1,517
Gruia 24 2,971 Dmbul Rotund Bulgaria
Iris 34 2,465 Someeni
Mrti
Manastur 21 2,234
Gruia ntre Lacuri
Marasti 17 1,372
Plopilor 17 2,252 Grigorescu Centru
Gheorgheni Normalized sample: 261 houses
Someseni 20 1,841
Plopilor
Zorilor 24 3,756 Andrei Sopor Value of transactions: 33.9 mil. EUR
Mureanu
Other districts 1 0.5 Avg. land area of a house 426 sqm
Mntur Zorilor
Total 432 51,425
Bun Avg. GBA of a house: 209 sqm
Source: Analysis of the database provided by Cluj-Napoca City Hall Ziua Borhanci
Europa Avg. price: 623 EUR/sqm (calculated to
Beca GBA, includes the land value)
Number of houses: 432 Fget Avg. house price <1990: 786 EUR/mp
Value of transactions: 51.4 mil. EUR Avg. house price >1990: 568 EUR/mp
Aprox. 55% of the value of transactions: Source: Google Maps, Cluj-Napoca City Hall Self-financing: 83% of transactions
Europa, Manastur, Andrei Muresanu, Note: District limits were established based on information provided by Cluj-Napoca City Hall value
Gheorgheni, City Centre, Borhanci si Iris Note 2: The average areas and average price were analyzed solely for the normalized sample of
transactions, as mentioned above; the average price was calculated by reference to the gross built area
Self-financing: 85% of transactions value

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2016 Cluj-Napoca
Summary of the Cluj-Napoca real estate transactions in 2015
3. Transactions with plots of land

Transactions w ith plots of land in 2015 - Cluj-Napoca Transactions w ith plots of land in 2015 - Cluj-Napoca
District Trans. no. Area Val. trans. Description Financing Area Total
sqm EUR'000 Bank Cash <100 sqm 100-300 sqm 300-500 sqm 500-1000 sqm >1000 sqm
Andrei Muresanu 24 27,440 2,127 Trans. no. 24 386 17 29 61 195 108 410
Becas 4 6,006 195 Trans. val. (EUR'000) 1,027 15,063 149 430 1,994 7,261 6,255 16,090
Borhanci 70 82,712 2,229 Area (sqm) 18,022 377,857 741 4,972 26,049 129,912 234,204 395,879
Bulgaria 2 1,099 65
Source: Analysis of the database provided by Cluj-Napoca City Hall
Buna Ziua 12 8,230 910
City Centre 4 1,531 80
Dambul Rotund 40 32,707 1,359 Traded land area: 395,879 mp
Europa 12 6,901 714
Most numerous and valuable transactions:
Faget 20 15,233 1,042
areas between 500-1,000 sqm
Intre Lacuri 4 4,542 869
Gheorgheni 4 2,680 398 Self-financing: 94% of transactions value
Grigorescu 8 8,109 406 Iris
Gruia 9 5,897 272
Dmbul Rotund Bulgaria
Iris 75 55,784 1,443
Someeni
Manastur 40 34,181 1,638 Mrti
Marasti 3 1,300 192 Gruia ntre Lacuri
Someseni 23 14,154 563
Grigorescu Centru
Sopor 29 58,121 618
Gheorgheni
Zorilor 5 2,818 475 Plopilor
Sopor
Andrei
Other districts 22 26,433 495 Mureanu
Total 410 395,879 16,090 Zorilor
Mntur
Source: Analysis of the database provided by Cluj-Napoca City Hall Bun
Ziua Borhanci
Europa
Beca
Number of plots of land: 410
Fget
Value of transactions: 16.1 mil. EUR
Over 62% of transactions value: Andrei Source: Google Maps, Cluj-Napoca City Hall
Muresanu, Borhanci, Manastur, Iris, Note: District limits were established based on information provided by Cluj-Napoca City Hall
Europa, Buna Ziua and Intre Lacuri

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2016 Cluj-Napoca
Conclusions
Real estate transactions Cluj-Napoca 2015

Real estate transactions Cluj-Napoca 2015 Apartments


Number: 7,007 transactions Number: 4,536 transactions
Value: 357.6 mil. EUR Value: 226 mil. EUR

Houses
Cluj-Napoca Number: 432 transactions
Iris Value: 51.4 mil. EUR

Dmbul Rotund Bulgaria


Someeni
Mrti
Gruia ntre Lacuri
Plots of land
Number: 410 transactions
Grigorescu Centru Value: 16 mil. EUR
Gheorgheni
Plopilor
Andrei Sopor
Mureanu
Mntur Zorilor Other properties (transactions of legal entities,
Bun transactions with commercial/office/industrial/auxiliary real
Ziua Borhanci estate properties)
Europa
Number: 1,629 transactions (legal entities: 761
Beca transactions - 47% of the number of transactions)

Fget Value: 64 mil. EUR (legal entities: 55.98 mil. EUR/


87% of the value of transactions)

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Conclusions
Summary of transactions with apartments by district Cluj-Napoca 2015

Cluj-Napoca
771
EUR/sqm Iris
811
EUR/sqm
663 757
Dmbul Rotund EUR/sqm Bulgaria EUR/sqm

912
Someeni
900
EUR/sqm Mrti EUR/sqm
800
EUR/sqm Gruia ntre Lacuri
878 920
EUR/sqm EUR/sqm
952
Grigorescu Centru EUR/sqm
913
EUR/sqm 921 Gheorgheni
Plopilor EUR/sqm
Andrei Sopor
Mureanu
Mntur Zorilor 785
932
EUR/sqm
853
EUR/sqm
EUR/sqm Bun
Ziua Borhanci
Europa 840
EUR/sqm
820
EUR/sqm Beca
Avg. price: 873 EUR/sqm
Avg. price bank financing: 904 EUR/sqm
Fget Avg. price self-financing: 856 EUR/sqm

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall.

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2016 Cluj-Napoca
Did you know?

The most expensive house traded in Cluj-Napoca in 2015 is located in Andrei Muresanu district, for a little over 1.2 mil. EUR
The most expensive plot of land was traded in Intre Lacuri district, for a little over 600 thousand EUR
Most transactions took place in Manastur district (1,194 transactions), which was also the district with the highest value of real estate trades (~49.9 mil.
EUR)
The top transactions by value were concluded by legal entities and include an office building and a supermarket
Top 10 legal entities' transactions add up to over 15.5 mil. EUR, from the approx. 56 mil. EUR representing transactions of legal entities in 2015
Most real estate transactions were concluded in September
Buna Ziua street is both the street with the most transactions (235 transactions) and the street with the highest value of transactions (~13.8 mil. EUR)
The largest area of land traded during 2015 in Cluj-Napoca was of approx. 15,000 sqm
The highest monthly value of transactions was recorded in June, approx. 37.4 mil. EUR
Plots of land with areas between 500-1,000 sqm were most frequently traded during 2015
Apartments with areas between 35-55 sqm were most frequently traded
74.3% of the real estate transactions were self-financed
Acquisitions of legal entities account for 15.6% of the total value of the transactions

Note: The information presented above refers to real estate transactions carried between Jan-Dec 2015 in Cluj-Napoca and is derived from the analysis of the database provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Various statistics (1)

Monthly structure of real estate transactions in Cluj-Napoca in 2015 The streets w ith the m ost num erous transactions
Month Type of property Financing Total No. Street No. of trans.
Land House Apt. Other Self Bank 1 Buna Ziua 235
January 17 30 279 103 358 71 429 2 Oasului 225
February 35 31 346 110 445 77 522 3 Constantin Brancusi 121
March 39 54 424 145 529 133 662 4 Dunarii 120
April 30 44 360 134 452 116 568 5 Eugen Ionesco 118
May 53 34 410 121 471 147 618 6 Sobarilor 109
June 33 47 421 164 513 152 665
7 Dorobantilor 107
July 32 34 444 178 532 156 688
8 Mehedinti 105
August 48 33 467 141 484 205 689
9 21 Decembrie 1989 102
September 40 33 517 148 544 194 738
10 Calea Turzii 92
October 37 47 432 156 517 155 672
No. of trans. top 10 streets 1,334
November 35 40 340 147 398 164 562
December 11 5 96 82 162 32 194 Total of transactions 2015 7,007
Total 410 432 4,536 1,629 5,405 1,602 7,007 % Top 10 out of Total 19%
Source: Analysis of the database provided by Cluj-Napoca City Hall
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The top refers to Cluj-Napoca transactions between Jan-Dec 2015

Monthly value of real estate transactions in Cluj-Napoca in 2015 The streets w ith the m ost valuable transactions
Month Type of property Financing Total No. Street Trans. val. (EUR'000)
EUR Land House Apt. Other Self Bank 1 Buna Ziua 13,840,855
January 501,813 4,090,881 12,931,801 2,016,489 15,695,321 3,845,663 19,540,984 2 Dorobantilor 8,891,914
February 1,281,816 3,983,902 16,543,465 6,576,984 23,271,101 5,115,066 28,386,167 3 Calea Turzii 8,695,179
March 1,526,410 6,172,605 20,450,244 4,366,470 24,582,864 7,932,864 32,515,728 4 21 Decembrie 1989 8,132,678
April 1,803,215 4,597,868 17,270,961 5,234,136 21,997,463 6,908,717 28,906,181 5 Eugen Ionesco 7,877,051
May 2,074,121 3,410,211 21,709,337 7,007,135 25,914,680 8,286,124 34,200,804 6 Oasului 7,775,791
June 1,346,766 6,662,653 21,404,493 8,037,593 28,960,440 8,491,064 37,451,504 7 Dunarii 5,749,562
July 1,787,942 3,458,117 22,022,675 10,092,061 28,908,153 8,452,642 37,360,795
8 Sobarilor 5,428,507
August 1,979,596 4,926,050 22,769,422 4,066,986 22,420,387 11,321,667 33,742,053
9 Aurel Vlaicu 5,287,546
September 1,325,456 3,881,201 26,162,750 3,397,038 23,634,545 11,131,899 34,766,444
10 Barbusse 4,810,367
October 964,731 5,248,899 22,549,847 6,391,404 26,002,668 9,152,213 35,154,882
Top 10 76,489,450
November 1,312,410 4,385,023 17,411,044 4,500,922 18,147,134 9,462,265 27,609,399
December 185,555 607,263 4,795,922 2,353,680 6,216,456 1,725,965 7,942,421 Total transactions 2015 357,577,361
Total 16,089,829 51,424,673 226,021,959 64,040,899 265,751,211 91,826,150 357,577,361 % Top 10 out of total transactions 19%

Source: Analysis of the database provided by Cluj-Napoca City Hall Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: The top refers to Cluj-Napoca transactions between Jan-Dec 2015

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2016 Cluj-Napoca
Various statistics (2)

Value of real estate transactions in Cluj-Napoca in 2015


District Type of property Financing Total
EUR Land House Apt. Other Self Bank
Andrei Muresanu 2,127,057 7,528,655 6,350,307 5,549,810 18,687,291 2,868,538 21,555,829
Becas 194,909 412,410 - 115,646 448,054 274,910 722,965
Borhanci 2,228,809 1,947,364 6,480,447 859,237 7,281,674 4,234,182 11,515,857
Bulgaria 65,000 720,996 723,661 1,146,182 2,516,120 139,720 2,655,840
Buna Ziua 910,234 1,149,374 18,072,635 5,906,607 16,957,180 9,081,670 26,038,850
Centru 80,446 6,671,344 28,888,241 10,492,663 40,001,579 6,131,115 46,132,695
Dambul Rotund 1,359,364 3,853,559 5,269,253 2,346,443 9,623,768 3,204,851 12,828,618
Europa 713,905 2,991,344 10,164,327 3,107,132 10,803,323 6,173,385 16,976,708
Faget 1,041,575 1,565,097 - 709,823 2,982,786 333,710 3,316,496
Intre Lacuri 869,000 1,481,106 15,500,666 1,139,353 13,988,191 5,001,934 18,990,126
Gheorgheni 397,557 4,696,036 25,543,461 6,408,289 28,477,859 8,567,484 37,045,343
Grigorescu 406,159 1,516,941 12,039,595 1,283,306 9,996,914 5,249,087 15,246,001
Gruia 271,985 2,970,705 1,571,973 532,429 4,058,614 1,288,477 5,347,091
Iris 1,442,791 2,464,635 13,171,922 2,764,127 12,843,013 7,000,462 19,843,476
Manastur 1,637,824 2,233,990 41,273,166 4,745,975 31,171,184 18,719,770 49,890,955
Marasti 192,386 1,372,001 18,863,060 10,090,943 24,205,743 6,312,648 30,518,391
Plopilor - 2,251,834 3,942,262 1,213,553 5,993,998 1,413,651 7,407,649
Someseni 563,463 1,841,063 4,891,466 3,677,393 9,330,107 1,643,278 10,973,385
Sopor 617,665 - - - 592,230 25,435 617,665
Zorilor 474,500 3,755,743 13,275,517 1,948,910 15,305,402 4,149,268 19,454,670
Alte zone 495,200 475 - 3,079 486,180 12,574 498,754
Total 16,089,829 51,424,673 226,021,959 64,040,899 265,751,211 91,826,150 357,577,361
Source: Analysis of the database provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
2015 vs. 2014
Various statistics (3)

Real estate transactions Cluj-Napoca 2015 Apartments


Number: 7,007 transactions +10.2% vs. 2014 Number: 4,536 transactions +21% vs. 2014
Value: 357.6 mil. EUR +25.9% vs. 2014 Value: 226 mil. EUR +33.4% vs. 2014

Houses
Cluj-Napoca
Iris Number: 432 transactions +19% vs. 2014
Value: 51.4 mil. EUR +42.9% vs. 2014
Dmbul Rotund Bulgaria
Someeni
Mrti
Gruia ntre Lacuri
Plots of land
Grigorescu Centru Number: 410 transactions +7% vs. 2014
Gheorgheni
Plopilor Value: 16 mil. EUR +1.5% vs. 2014
Andrei Sopor
Mureanu
Mntur Zorilor
Bun
Ziua Borhanci Other properties (transactions of legal entities,
Europa transactions with commercial/office/industrial/auxiliary real
Beca estate properties)
Number: 1,629 transactions (legal entities: 761
Fget transactions/ 47% of the number of other transactions)
Value: 64 mil. EUR (legal entities: 55.98 mil. EUR/
Source: Google Maps, Cluj-Napoca City Hall 87% of the value of other transactions)
Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
2015 vs. 2014
Various statistics (4)

Cluj-Napoca
771 vs.751
EUR/mp Iris
811 vs.881
EUR/mp
663 vs.709 757 vs.753
Dmbul Rotund EUR/mp Bulgaria EUR/mp

912 vs.860
Someeni
900 vs.836
EUR/mp Mrti EUR/mp
800 vs.866
EUR/mp Gruia ntre Lacuri
878 vs.838 920 vs.874
EUR/mp EUR/mp
952 vs.870
Grigorescu Centru EUR/mp
913 vs.772
EUR/mp 921 vs.844 Gheorgheni
Plopilor EUR/mp
Andrei Sopor
Mureanu
Mntur Zorilor 785 vs.704 2015
932 vs.845
EUR/mp
853 vs.779
EUR/mp
EUR/mp Bun Avg. price: 873 EUR/sqm
Ziua Borhanci Avg. price bank financing: 904 EUR/sqm
Europa 840 vs.798 Avg. price self-financing: 856 EUR/sqm
EUR/mp
820 vs.881 Vs. 2014
EUR/mp Beca Avg. price: 832 EUR/sqm
Avg. price bank financing: 871 EUR/sqm
Fget Avg. price self-financing: 821 EUR/sqm

Source: Google Maps, Cluj-Napoca City Hall


Note: District limits were established based on information provided by Cluj-Napoca City Hall

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2016 Cluj-Napoca
Sources of information

Database with real estate transactions provided by the Local Tax Department of the Cluj-Napoca City Hall
www.primariaclujnapoca.ro
www.bnr.ro
www.insse.ro
Wikipedia
Google Maps
Wikimapia
www.cluj.com
www.visitcluj.ro
www.monitorulcluj.ro
www.numbeo.com
www.ro.cluj2015.eu

Project coordinated by Adrian Vascu, Senior Partner Veridio, member of the ANEVAR Board
Team: Paul Bndea, Anca Fodor, Andreea Ardelean, Bianca Borca with the support of Veridio
Photography by Adina Groza

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2016 Cluj-Napoca