The 8th 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 2020.
In this year’s edition it is observed that at the entire level of the real estate market of Cluj-Napoca, the COVID-19 pandemic had a minor impact, followed by a rapid recovery. There was a higher interest in houses and plots of land, which led to higher prices for these types of properties.
We find that the real estate market in Cluj-Napoca experienced an intense activity in 2020, with real estate transactions of almost EUR 680.6 million, at a similar level with the previous year. However, the value distribution is different, so that land transactions increased by 36% (EUR 31 million), and house transactions increased by 11% (EUR 92 million) compared to 2019.
The value of apartment transactions decreased by 2% compared to 2019, but the average price per square meter of apartments in 2020 increased to 1,477 EUR/sqm, by over 8.4% compared to 2019.
70% of buyers are from Cluj County, but the interest from nearby counties is maintained, so that over 28% of buyers in 2020 come from other counties, and just under 2% come from abroad.
We invite you to find many other interesting details by browsing the pages of the eighth edition of the Cluj-Napoca Real Estate Transactions Guide.