Real Estate Transactions – Cluj-Napoca, 2020

Real Estate Transactions – Cluj-Napoca, 2020

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.

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Real Estate Transactions – Cluj-Napoca, 2019

Real Estate Transactions – Cluj-Napoca, 2019

The 2019 real estate market in Cluj-Napoca witnessed an intensive activity, with real estate transactions almost EUR 680 million, up 6% over the previous year.

The average price per square meter for apartments in 2019 is 1362 EUR/ sqm, increasing by almost 6% 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

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Real Estate Transactions – Cluj-Napoca, 2018

Real Estate Transactions – Cluj-Napoca, 2018

The 2018 real estate market in Cluj-Napoca witnessed an intensive activity, with real estate transactions of over EUR 640 million, up 8% over the previous year.

67% of the money invested in real estate purchases came from  own resources in 2018, and the main destination remained the segment of apartments, with 64% of the total.

The 2018 average price per square meter for apartments is 1,287 EUR/ sqm, up 6.3% from 2017, upholding Cluj-Napoca as the city with the most effervescent real estate market in Romania since the real estate crisis that commenced 10 years ago.

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