Вы находитесь на странице: 1из 41

august 2017

Cluj-Napoca City Hall and Local Council


Foreword

Dear readers,

We continue the Cluj-Napoca Real Estate Transactions Guide with the release of the 4th edition,
which we hope becomes a long lasting tradition. Cluj-Napoca proves to be a pioneer through this unique Guide
in Romania as well as by hosting several other unique projects.

I still hope that a replica of the Guide is issued by other cities from Romania since this initiative
primarily depends on the local authorities decision to implement.

Similar to the previous editions the Guide includes a summary of the transactions concluded in
Cluj-Napoca in 2016 in terms of number and value of transactions. Additionally, the Guide presents trends
recorded during the last 4 years.

The Guide is publicly available hence all interested parties may perform their analyses based on
the wide variety of information provided by this series of Guides.

The quality of information related to real estate transactions is very important considering that
the justice system utilizes real estate transactions in certain cases to motivate their rulings. Consequently, we
believe that publishing information related to transactions available at the local authorities is both necessary
and beneficial.

While extremely interesting, I choose not to reveal any of the key figures of 2016 which are for you
to discover.

We look forward to next year.

Adrian Vascu
Senior Partner Veridio

2 Cluj-Napoca@2016
Table of contents

Cluj-Napoca and the real estate market in 2016

Key figures
Did you know?
Cluj-Napoca real estate transactions 2016
1. Transactions with apartments
2. Transactions with houses
3. Transactions with plots of land
Evolution of the real estate market in Cluj-Napoca
2013-2016
Conclusions
Appendices
Database and approach of the analysis
Various statistics

3 Cluj-Napoca@2016
Cluj-Napoca and the real estate market in 2016
Cluj-Napoca

The 4th largest city in Host of the European 2nd place in the Forbes 87 accommodation units, IT and outsourcing Evolution 1977 - 2011:
Romania (area: 179,5 km2) Artistic Gymnastics Best Cities 2016 ranking with capacity of 4,899 service center (often The housing fund
The 2nd city by Championship in 2017 (Forbes Romania) beds (INSSE) referred to as Europes increased from a usable
population size in Host of Pria Urban Included in the The Over 370,000 tourists in Silicon Valley) area of 2.25 mil sqm to
Romania with over Innovation (urban quality of life in 2015 2016 (approx.. 20% more Main sectors: IT, services, 6.5 mil sqm
320,000 inhabitants in innovation event) and Quality of compared to 2015) medicine The average living area/
2016, plus approx. healthcare system in
European Youth Capital Significant events: Significant companies: person increased from
100,000 students 2016 (Numbeo ranking
in 2015 Untold, Electric Castle, Emerson, Bosch, Endava, 8.6 sqm/ person to 21.8
annually performed on a global
Finalist of the European Jazz in the Park, TIFF, ISDC, Sykes, NTT Data, sqm/ person
Renowned medical scale) delaHoya music festival, SoftVision, Farmec,
Capital of Culture title for The average area/
centre: 31 hospitals 3rd city in Romania in Cluj-Napoca Marathon Terapia-Ranbaxy, Banca
2021 residence increased from
Established centre of regards to the degree of etc. Transilavania, Jolidon, 32 sqm to 52 sqm
15 museums in 2015 safety; Grigorescu district Bombardier, Office
higher education: 11 Tourist landmarks: Piata
(National History is considered to be one Depot etc. The average number of
universities, the most Unirii, Piata Muzeului,
Museum of Transylvania, of the safest districts at inhabitants/ residence
well-known are: Babes- Cetatuia, Botanical Cluj Innovation City
The Art Museum, Emil national level (Nov. 2016 diminished from 3.7
Bolyai University, Garden, The Paintbrush urban development
Racovita Speleology Ian. 2017, Storia.ro) people to 2.4 people
Technical University of Factory center of project: healthcare,
Museum, The The number of rooms/
Cluj-Napoca, Iuliu Economic capital of contemporary arts and bioeconomy, IT,
Ethnographic Museum of person increased from
Hatieganu University of Transylvania in 2014 culture, architectural renewable energy and
Transylvania etc.) rooms in 1977 to 1 room
Medicine and Pharmacy (Forbes Romania) monuments, churches the environment
Cluj-Napoca etc. in 2011
The European city with Area of interest for
In 2016 the GDP/capita the cleanest air (The investors
of Cluj county grew by Respire association &
5.9% compared to the We Demain
previous year. publication)
Population and
General information Culture Honors Tourism Industry
housing fund

4 Cluj-Napoca@2016
Cluj-Napoca and the real estate market in 2016
The districts of Cluj-Napoca

Currently, Cluj-Napoca is divided into the following


districts: City Centre, Zorilor, Manastur, Grigorescu,
Gheorgheni, Andrei Muresanu, Marasti, Iris, Bulgaria,
Dambul Rotund, Someseni, Plopilor, Gruia, Intre Lacuri,
Buna Ziua, Europa, Colonia Sopor, Colonia Faget,
Colonia Borhanci, Colonia Becas and the adjacent area.

The real estate expansion period led to a higher density


of residences in established districts, respectively
Gheorgheni, Marasti, Andrei Muresanu, Zorilor, Gruia,
Grigorescu, Manastur, Plopilor and also to seek out
areas with a lower density, suitable for development
such as Campului (Manastur), Buna Ziua, Europa,
Plopilor Noi. The same trend can be exhibited in
recently formed neighbourhoods such as Faget, Becas,
Borhanci and Sopor.

Consolidation of the infrastructure in certain districts,


such as Dambul Rotund, Iris, Bulgaria or Someseni, led
to an autonomous process of urban renovation, while
the prices of the land and dwellings were lower than
those of the semi-central areas. Floresti, Gilau, Baciu,
Chinteni and Sannicoara-Apahida are some of the
suburban areas that developed after 1990. These areas
are not covered by our analysis, as they are not
included within the city limits of Cluj-Napoca.

Source: Google Maps, Cluj-Napoca City Hall


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

5 Cluj-Napoca@2016
Key figures

The total value of the real estate transactions in 2016 was


nearly EUR 457 mil., compared to EUR 358 mil. in 2015 or EUR
284 mil. in 2014

In 2016 the total value of the real estate transactions increased


by 28% compared to the previous year, respectively by 61%
compared to 2014

The transactions of apartments account for 63% (largest share)


of the real estate market of EUR 457 mil.

In 2016, the average price per sqm for traded apartments was
1,000 EUR/sqm, compared to 873 EUR/sqm (2015) and 836
EUR/sqm (2014)

Transactions funded through bank loans account for 17% of the


total market in 2016 compared to 26% in 2015, respectively 16%
in 2014

6 Cluj-Napoca@2016
Did you know?

Buna Ziua St. is the street with the The most expensive house traded
highest value of transactions in Cluj-Napoca in 2016 is located
(~EUR 14.8 mil.) around Avram Iancu St. (EUR 1.4
mil.)
Galati St. is the street with the
most transactions (271 The most expensive plot of land
transactions) was traded in Intre Lacuri district,
for EUR 660 ths.
Becas is both the district with the
lowest number of transactions Most transactions took place in
and the lowest total value of Manastur district (1,195
transactions transactions), which was also the
district with the highest value of
September is the month with the real estate trades (~EUR 60.1 mil)
largest number of transactions as
well as the highest monthly value The most valuable transaction
of transactions (approx. EUR 48 (over EUR 4 mil.) was concluded
mil.) by a legal entity and comprised a
commercial building located
Plots of land with areas between around Taietura Turcului St.
500-1,000 sqm were most
frequently traded Acquisitions performed by legal
entities account for 17.8% of the
Apartments with area between total value of the transactions
35-55 sqm were most frequently
traded Top 10 most valuable transactions
performed by companies account
83% of the real estate for 25% of the total trades
transactions were self-financed performed by legal entities (EUR
81.2 mil.).

7 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016

The structure of the real estate transactions extracted from the database provided by the Local Tax
Department of the Cluj-Napoca City Hall is presented in following table:
The structure of the real estate transactions in Cluj-Napoca in 2016
District Type of property Financing Total
Land House Apt. Other Self Bank
Andrei Mures a nu 6 29 208 77 281 39 320
Beca s 8 11 8 5 26 6 32
Borha nci 58 27 156 28 201 68 269
Bul ga ri a 1 13 37 27 73 5 78
Buna Zi ua 7 22 344 84 364 93 457
Centru 5 33 481 193 651 61 712
Da mbul Rotund 41 65 89 103 269 29 298
Europa 15 15 92 63 162 23 185
Fa get 24 20 11 12 54 13 67
Intre La curi 4 6 368 107 405 80 485
Gheorgheni 1 29 657 186 744 129 873
Gri gores cu 15 19 248 46 258 70 328
Grui a 9 24 32 26 81 10 91
Iri s 64 46 249 80 363 76 439
Ma na s tur 42 26 923 204 934 261 1,195
Ma ra s ti 4 21 522 246 704 89 793
Pl opi l or 1 4 52 15 64 8 72
Somes eni 20 24 185 52 232 49 281
Sopor 24 1 68 33 102 24 126
Zori l or 6 12 190 46 219 35 254
Other di s tri cts 14 - - 8 21 1 22
Total 369 447 4,920 1,641 6,208 1,169 7,377
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

Our analysis of transactions with apartments (4,920) is presented in detail.


447 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.
Similarly, conclusions regarding 369 plots of land traded are not detailed by district.

8 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016

In 2016, the total value of the real estate transactions is approx. EUR 457 mil., with apartments
accounting for 63% of the real estate transactions.

83% of the real estate transactions (value) were self-financed.

Value of real estate transactions in Cluj-Napoca in 2016


District Type of property Financing Total
EUR Land House Apt. Other Self Bank
Andrei Mures a nu 845 5,098 13,717 4,484 21,008 3,134 24,143
Beca s 440 1,285 729 66 1,895 625 2,521
Borha nci 2,990 3,044 9,109 1,594 11,903 4,834 16,737
Bul ga ri a 195 809 1,322 922 3,008 240 3,248
Buna Zi ua 248 2,627 22,617 3,091 22,017 6,566 28,583
Centru 436 6,722 32,894 16,941 52,980 4,013 56,993
Da mbul Rotund 1,357 5,186 3,959 8,005 16,619 1,887 18,506
Europa 959 2,978 7,197 1,714 10,758 2,090 12,848
Fa get 1,875 2,667 882 1,236 5,340 1,320 6,660
Intre La curi 791 544 16,591 2,009 15,453 4,482 19,935
Gheorgheni 260 5,307 39,981 5,028 40,942 9,635 50,576
Gri gores cu 1,192 2,760 14,961 13,779 27,965 4,728 32,693
Grui a 738 3,197 1,787 642 5,615 749 6,363
Iri s 1,710 5,527 11,030 4,858 19,343 3,782 23,125
Ma na s tur 2,245 4,714 48,795 4,378 44,876 15,256 60,133
Ma ra s ti 276 3,659 32,318 10,250 39,459 7,044 46,503
Pl opi l or 123 461 4,195 590 4,797 573 5,369
Somes eni 676 1,998 8,957 3,120 12,137 2,614 14,751
Sopor 1,150 300 4,227 2,456 6,677 1,457 8,134
Zori l or 1,037 2,453 12,094 2,700 15,642 2,642 18,284
Other di s tri cts 317 - - 251 534 34 568
Total 19,861 61,336 287,362 88,114 378,968 77,705 456,673
Source: Analysis of the database provided by Cluj-Napoca City Hall

9 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
1. Transactions with apartments

Transactions with apartments in 2016 - Cluj-Napoca


District Trans. no. Area Val. Trans. Avg. price
sqm EUR'000 EUR/sqm
Andrei Mures a nu 208 13,693 13,717 1,002
Beca s 8 706 729 1,033
Borha nci 156 10,620 9,109 858
Bul ga ri a 37 1,731 1,322 764
Buna Zi ua 344 24,384 22,617 927
Centru 481 30,030 32,894 1,095
Number of transactions: 4,920
Da mbul Rotund 89 4,508 3,959 878
Value of transactions: EUR 287 mil.
Europa 92 7,994 7,197 900
Fa get 11 999 882 883 Traded net area: 287,290 sqm
Intre La curi 368 16,155 16,591 1,027 Most transactions: area between 35-
Gheorgheni 657 35,826 39,981 1,116 55 sqm
Gri gores cu 248 14,273 14,961 1,048 Apt. built after 2000: 54% of the value
Grui a 32 1,700 1,787 1,051 of transactions
Iri s 249 13,136 11,030 840 Self-financed: 77% of the value of
transactions
Ma na s tur 923 50,092 48,795 974
Ma ra s ti 522 31,780 32,318 1,017 Average price: 1,000 EUR/sqm
Pl opi l or 52 3,815 4,195 1,100 Average price bank-financing:
Somes eni 185 10,101 8,957 887 1,008 EUR/sqm
Sopor 68 4,674 4,227 905 Average price self-financing: 998
Zori l or 190 11,072 12,094 1,092 EUR/sqm
Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall
Total 4,920 287,290 287,362 1,000
Source: Analysis of the database provided by Cluj-Napoca City Hall

Transactions with apartments 2016 - Cluj-Napoca


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Tra ns . no. 1,051 3,869 1,018 1,337 1,842 723 2,408 2,512 4,920
Tra ns . va l . (EUR'000) 64,707 222,655 89,873 86,270 90,703 20,515 131,073 156,289 287,362
Medi a n u.p. (EUR/s qm) 1,035 999 884 1,006 1,066 1,017 1,032 987 1,006
Avg.u.p. (EUR/s qm) 1,008 998 911 1,015 1,072 1,077 1,050 962 1,000
Net area 64,219 223,071 98,657 84,998 84,586 19,050 124,815 162,475 287,290
Source: Analysis of the database provided by Cluj-Napoca City Hall

10 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments City Centre

The City Centre is the main


cultural, financial and Number of apartments: 481
administrative area of the city and Value: EUR 32,894 ths.
it includes both new and old Avg. Price: 1,095 EUR/sqm
buildings with mixt uses and
streets with pedestrian-only use.
The district is bordered by: Nadas
River (North), Paris St., Pitesti St.
and Somesul Mic River (East), B. P.
Hasdeu St. and Avram Iancu St.
(South), Horea St., G. Cosbuc St.
and L. Parteur St. (West). The most
important traffic arteries are 21
Decembrie 1989 Blvd., Calea
Dorobantilor, Piata A. Iancu St.,
Memorandumului St., Calea
Motilor, Eroilor St. and Piata Unirii.
The downtown area increased in
density following construction of
several buildings with mixed use.
Core residential areas comprise Source: Google Maps, Cluj-Napoca City Hall
the Central Park area, the old city Note: District limits were established based on information provided
by Cluj-Napoca City Hall
centre, Piata Cipariu and Piata
Stefan cel Mare.
Transactions with apartments 2016 - City Centre
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 60 421 125 107 175 74 416 65 481
Trans. val. (EUR'000) 4,007 28,887 14,535 7,341 8,806 2,211 28,439 4,455 32,894
Median u.p. (EUR/sqm) 1,185 1,038 1,037 1,021 1,073 1,057 1,053 1,049 1,051
Avg.u.p. (EUR/sqm) 1,102 1,094 1,086 1,080 1,119 1,118 1,111 1,002 1,095
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

11 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Gruia

Gruia District is bordered by: the


railway (North), Horea St. (East), Number of apartments: 32
Grigorescu district (South), Hoia Value: EUR 1,787 ths.
Forest (West) and mainly Avg. Price: 1,051 EUR/sqm
comprises individual villas. The
most important traffic arteries are
Romulus Vuia St., Gruia St., Emil
Racovita St. and Horea St. It is
established as one of the oldest
residential areas of the city, with
several villas dating from the
interwar period. After 1990, the
district increased slightly in density
and continues to include luxury
residential areas particularly
nearby the Citadel (Cetatuia). The
district is located on a hill, hence
certain areas include an increased
risk of landslides.
Gruia also includes Tetarom I
industrial park (currently with a Source: Google Maps, Cluj-Napoca City Hall
occupancy rate of 100%). Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Gruia


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 6 26 6 7 7 12 26 6 32
Trans . val. (EUR'000) 376 1,410 784 465 265 272 1,119 667 1,787
Median u.p. (EUR/s qm) 1,068 961 957 1,082 1,018 949 991 1,007 991
Avg.u.p. (EUR/s qm) 942 1,084 1,122 1,043 918 1,020 969 1,225 1,051
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

12 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Andrei Muresanu

Andrei Muresanu is an established


district, located in the Number of apartments: 208
Southeastern part of Cluj-Napoca. Value: EUR 13,717 ths.
It is bordered by: Avram Iancu St. Avg. Price: 1,002 EUR/sqm
(North), Constantin Brancusi St.
and Alverna St. (East), Becas and
Buna Ziua districts (South) and
Bisericii Ortodoxe St. (West). The
main traffic arteries are Calea
Turzii, Constantin Brancusi St. and
Alexandru Bohatiel St. Deemed to
be a luxury residential area, the
district marginally congested after
1989. It benefits from an adequate
infrastructure and hosts interwar
villas, as well as new buildings. The
new buildings are traded at high
prices, as a result of the proximity
to the downturn area.

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Andrei Muresanu


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans. no. 34 174 59 47 80 22 17 191 208
Trans. val. (EUR'000) 2,310 11,406 5,598 3,186 4,092 841 1,187 12,530 13,717
Median u.p. (EUR/sqm) 1,123 1,070 951 1,051 1,126 1,186 984 1,100 1,087
Avg.u.p. (EUR/sqm) 966 1,009 883 1,061 1,121 1,202 894 1,013 1,002
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

13 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Marasti

Marasti district (in the


Northeastern part) is bordered by: Number of apartments: 522
Rasaritului St. (North), Fabricii de Value: EUR 32,318 ths.
Zahar St. and Ialomitei St. (East), Avg. Price: 1,017 EUR/sqm
Calea Dorobantilor and
Semenicului St. (South), A. Suciu
St., Paris St., Pitesti St. and
Somesul Mic River (West). This
district contains mostly 4-10 story
residential buildings, as well as few
industrial sites. The main traffic
arteries are Bucuresti St., Paris St.,
Fabricii de Zahar St. and 21
Decembrie 1918 Blvd. Initially
designed as a workers district, in
recent years it became quite an
expensive area, benefiting from
wide roads and easy access to
public transportation, which
connects the district to the main
points of interest of the city. The Source: Google Maps, Cluj-Napoca City Hall
infrastructure is well developed, Note: District limits were established based on information provided
by Cluj-Napoca City Hall
including retailers, food markets,
office buildings etc.
Transactions with apartments 2016 - Marasti
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 81 441 125 183 167 47 219 303 522
Trans . val. (EUR'000) 5,303 27,015 9,985 12,639 8,588 1,107 11,919 20,399 32,318
Median u.p. (EUR/s qm) 1,104 1,039 831 1,112 1,118 951 998 1,098 1,065
Avg.u.p. (EUR/s qm) 1,051 1,011 878 1,093 1,114 974 1,012 1,020 1,017
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

14 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Intre Lacuri

Intre Lacuri district (in the Eastern


part of the city) is bordered by: Number of apartments: 368
Fabricii de Zahar St. and Value: EUR 16,591 ths.
Rasaritului St. (North), Calea Avg. Price: 1,027 EUR/sqm
Someseni and Becas Creek (East),
Becas Creek and Iulius Mall
(South), Teodor Mihali St. (West).
It mainly includes blocks of flats
and individual villas. The main
traffic arteries are Dunarii St.,
Siretului St. and Aurel Vlaicu St.
The vicinity to Gheorghieni and
Marasti districts as well as the
proximity to Faculty of Economics
and Business Administration and
Iulius Mall led to the expansions of
the district and the construction of
new buildings.
The Eastern part of the district
contains an area of individual villas
combined with older houses. Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Intre Lacuri


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 78 290 24 64 164 116 209 159 368
Trans . val. (EUR'000) 4,372 12,219 1,796 4,108 7,755 2,933 9,418 7,173 16,591
Median u.p. (EUR/s qm) 1,069 1,020 947 1,011 1,060 1,018 1,046 1,016 1,038
Avg.u.p. (EUR/s qm) 1,052 1,018 922 1,004 1,049 1,076 1,040 1,010 1,027
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

15 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Gheorgheni

Gheorgheni district (in the


Southeastern part) is bordered by: Number of apartments: 657
Gen. Traian Mosoiu St. and Value: EUR 39,981 ths.
Semenicului St. (North), T. Mihali Avg. Price: 1,116 EUR/sqm
St., Amza Pellea St. and Sopor
district (East), Becas Creek and
Palocsay orchard (South), C-tin
Brancusi St. and Alverna St. (West).
It includes numerous green spaces,
4-10 story residential buildings and
individual villas. The district is
considered one of the most
popular districts, as a result of the
easy access to public
transportation, the wide
boulevards, the expansion FSEGA,
the development Iulius Mall and
surrounding offices buildings
(leading to a higher density of
buildings). The Gheorgheni Sports
Base opened in 2016 (the most Source: Google Maps, Cluj-Napoca City Hall
modern sports and leisure complex Note: District limits were established based on information provided
by Cluj-Napoca City Hall
in the city) offering free access to
all citizens is located in the district.
Transactions with apartments 2016 - Gheorgheni
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 120 537 102 169 266 120 397 260 657
Trans . val. (EUR'000) 7,692 32,290 9,615 11,827 14,586 3,954 21,039 18,942 39,981
Median u.p. (EUR/s qm) 1,207 1,138 993 1,138 1,203 1,192 1,117 1,184 1,154
Avg.u.p. (EUR/s qm) 1,156 1,107 1,011 1,098 1,193 1,194 1,095 1,140 1,116
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

16 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Zorilor

Zorilor district is located in the


southern part of the city at the exit Number of apartments: 190
towards Turda. Its main borders Value: EUR 12,094 ths.
are B. P. Hasdeu St. and Ceahlau St. Avg. Price: 1,092 EUR/sqm
(North), Calea Turzii (East), Miko
Imre St. and Mircea Eliade St.
(South), Gheorghe Dima St. (West).
The residences have mixed
characteristics, consisting of blocks
of flats and individual villas. The
main traffic arteries are Calea Turzii,
Viilor St., Gh. Dima St. and L.
Pasteur St. It hosts the Observator
student complex and it is located in
the vicinity of the Hasdeu student
complex. After 1990, several office
buildings, shopping areas and
residential constructions were
developed. Currently, Zorilor is one
of the highest rated districts
despite increasing density in recent Source: Google Maps, Cluj-Napoca City Hall
years. Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Zorilor


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 32 158 36 59 64 31 129 61 190
Trans . val. (EUR'000) 2,285 9,809 3,634 4,028 3,490 942 7,714 4,380 12,094
Median u.p. (EUR/s qm) 1,116 1,085 1,030 1,066 1,154 1,225 1,148 1,042 1,087
Avg.u.p. (EUR/s qm) 1,115 1,087 1,051 1,052 1,152 1,242 1,120 1,047 1,092
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

17 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Buna Ziua

Buna Ziua district is relatively


newly built and continuously Number of apartments: 344
developed, containing mostly Value: EUR 22,617 ths.
individual villas and 4-10 story Avg. Price: 927 EUR/sqm
residential buildings. The district is
bordered by: Andrei Muresanu
district (North), Trifoiului St. and
Macesului St. (East), Mihai
Romanul (South) and Calea Turzii
(West). The main traffic arteries
are Calea Turzii, Mihai Romanul St.,
Fagului St. and Buna Ziua St.
The urbanization incurred in
recent years is of reduced quality
as a result of intense real estate
development. Buna Ziua is located
in the vicinity of 3 established
residential districts: Gheorgheni,
Andrei Muresanu and Zorilor.

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Buna Ziua


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 87 257 119 144 76 5 - 344 344
Trans . val. (EUR'000) 5,853 16,763 9,890 8,696 3,892 139 - 22,617 22,617
Median u.p. (EUR/s qm) 977 946 843 946 1,082 1,003 - 958 958
Avg.u.p. (EUR/s qm) 940 923 858 963 1,056 978 - 927 927
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

18 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Europa

Europa District is located in the


Southern part of the city, in the Number of apartments: 92
area of Eugen Ionesco St. (the Value: EUR 7,197 ths.
main traffic artery) and it mainly Avg. Price: 900 EUR/sqm
comprises recent constructions,
mainly individual villas for
residential use. It is bordered by:
Miko Imre St. and Mircea Eliade St.
(North), Calea Turzii (East) and
Colonia Faget (South and West).
The district represents an area of
intense real estate development
considered to be an extension of
Zorilor district.
In spite of the recent development
and real estate interest exhibited
for individual constructions, the
district lacks in elements of urban
integration (infrastructure, public
spaces parks, squares).
Nevertheless, the increasing Source: Google Maps, Cluj-Napoca City Hall
interest in this area subsequently Note: District limits were established based on information provided
by Cluj-Napoca City Hall
led to the real estate development
of Colonia Faget.
Transactions with apartments 2016 - Europa
Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 18 74 49 27 14 2 - 92 92
Trans . val. (EUR'000) 1,324 5,873 4,681 1,726 764 26 - 7,197 7,197
Median u.p. (EUR/s qm) 943 908 830 929 1,087 739 - 922 922
Avg.u.p. (EUR/s qm) 947 890 851 950 1,194 696 - 900 900
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

19 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Grigorescu

Grigorescu district (in the


Northwestern part) is bordered by: Number of apartments: 248
Hoia Forest (West) and Gruia Value: EUR 14,961 ths.
district (North), City Centre (East), Avg. Price: 1,048 EUR/sqm
Somesul Mic River (South). It is
crossed by 4 main traffic arteries:
Donath St., Eremia Grigorescu St.,
1 Decembrie 1918 Blvd. and
Alexandru Vlahuta St. The district
includes 4-10 story residential
buildings, as well as individual
residences and villas. Grigorescu is
considered to be a classic
residential district. After 1990 new
blocks of flats were built in certain
areas.

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Grigorescu


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 67 181 30 73 131 14 187 61 248
Trans . val. (EUR'000) 4,257 10,704 2,722 4,965 6,822 451 11,226 3,736 14,961
Median u.p. (EUR/s qm) 1,116 1,057 947 1,066 1,114 1,134 1,086 1,093 1,087
Avg.u.p. (EUR/s qm) 1,064 1,042 905 1,075 1,095 1,090 1,068 994 1,048
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

20 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Plopilor

Plopilor district (in the Western


part) is bordered by: Somesul Mic Number of apartments: 52
River (North), G. Cosbuc St. (East), Value: EUR 4,195 ths.
calea Manastur (South) and Avg. Price: 1,100 EUR/sqm
Plopilor St. and Morii Channel
(West). It mainly comprises blocks
of flats and individual villas. The
most important traffic arteries are
Splaiul Independetei, G. Cosbuc St.,
Calea Manastur and Plopilor St.
The district is located between
two classic residential districts,
respectively Grigorescu and
Manastur, with a recently
developed residential area
(Plopilor Noi). The main
landmarks include: Cluj Arena
Stadium, Indoor Sports Arena,
Babes Park and Horia Demian
Sports Hall.
Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Plopilor


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 7 45 22 13 14 3 25 27 52
Trans . val. (EUR'000) 507 3,689 2,537 920 667 70 1,656 2,539 4,195
Median u.p. (EUR/s qm) 1,182 1,070 1,129 1,098 988 752 1,071 1,109 1,077
Avg.u.p. (EUR/s qm) 1,158 1,092 1,133 1,089 1,043 771 1,061 1,126 1,100
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

21 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Manastur

Manastur District is located at the


exit direction towards Oradea. It is Number of apartments: 923
bordered by: The Park of Roses, Value: EUR 48,795 ths.
Calea Manastur, Calvaria (North), Avg. Price: 974 EUR/sqm
Manastur cemetery (East), Faget
forest (South), Colinei St. (West). It
is the most populated district,
mainly comprising 8-10 story
residential buildings. The main
traffic arteries: Calea Floresti,
Calea Manastur, Izlazului St.,
Mehedinti St., Primaverii St. and
Campului St. Campului is one of
the most intense real estate
development areas, with
development of individuals lots
prevailing. Consequently, this area
is characterized by lack of urban
integration elements and by an
urbanization of low quality.
Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Manastur


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 248 675 158 239 351 175 657 266 923
Trans . val. (EUR'000) 14,518 34,277 11,852 14,910 16,721 5,312 32,385 16,411 48,795
Median u.p. (EUR/s qm) 1,023 975 869 987 1,063 1,054 997 963 991
Avg.u.p. (EUR/s qm) 995 966 838 977 1,054 1,103 998 930 974
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

22 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Dambul Rotund

Dambul Rotund is located at the


exit towards Zalau. The main Number of apartments: 89
borders are: Lomb Forest and Value: EUR 3,959 ths.
Valea Seaca (North), the city train Avg. Price: 878 EUR/sqm
station, Odobesti St. and Oasului
St. (East), the railway and Nadas
Creek (South), Baciu village (West).
Located in the peripheral area of
the city, the district mainly
comprises individual villas and
industrial sites. The main traffic Dambul
arteries are: Maramuresului St., Rotund
Corneliu Coposu St and Tudor
Vladimirescu St.
Marasti
Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Dambul Rotund


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 18 71 16 19 24 30 35 54 89
Trans . val. (EUR'000) 1,096 2,863 1,175 1,143 993 647 1,106 2,853 3,959
Median u.p. (EUR/s qm) 904 869 820 1,021 933 865 871 891 874
Avg.u.p. (EUR/s qm) 900 870 790 969 910 865 862 885 878
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

23 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Bulgaria

Bulgaria district (located in the


Northern part) is bordered by: Number of apartments: 37
Somesul Mic River (North and Value: EUR 1,322 ths.
West), Beiusului St. (East), Avg. Price: 764 EUR/sqm
Rasaritului St. (South), mainly
comprising industrial real estate
properties. The main traffic
arteries are Campina St., Plevnei
St., Tabacarilor St., Portelanului St.
and Fabricii St.

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Bulgaria


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 4 33 5 3 12 17 12 25 37
Trans . val. (EUR'000) 154 1,168 353 173 435 361 345 978 1,322
Median u.p. (EUR/s qm) 902 788 812 888 682 894 929 703 818
Avg.u.p. (EUR/s qm) 906 748 739 901 745 757 867 733 764
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

24 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Iris

Cartierul Iris is located in Northern


part of the city, in the industrial Number of apartments: 249
area. It is limited by: Valea Value: EUR 11,030 ths.
Chintaului (North), the exist route Avg. Price: 840 EUR/sqm
towards Apahida (West), Somesul
Mic River (South), Oasului St. and
Odobesti St. (West). It contains a
mix of industrial real estate blocks
of flats and individual villas. The
main traffic arteries are Oasului St.,
Muncii Blvd., Fabricii St. and
Maramuresului St.

Iris

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Iris


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 61 188 23 74 116 36 34 215 249
Trans . val. (EUR'000) 2,983 8,047 1,764 3,765 4,695 807 804 10,227 11,030
Median u.p. (EUR/s qm) 894 855 783 801 912 877 880 856 867
Avg.u.p. (EUR/s qm) 868 830 767 800 898 891 879 837 840
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

25 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Someseni

Someseni district, is located in the


Eastern part of the city, at the exit Number of apartments: 185
route towards Apahida. It is Value: EUR 8,957 ths.
bordered by: Somesul Mic River Avg. Price: 887 EUR/sqm
and Muncii Blvd. (North), Apahida-
Valcele ring-road (East), Someseni
St. (South), Beiusului St. (West).
Located at the peripheral area of
the city, this district mainly
includes individual villas and
industrial sites, as well as the Cluj-
Napoca airport. The main traffic
arteries are Traian Vuia St.,
Capitan Grigore Ignat St.,
Cantonului St., Calea Someseni
and Platanilor St. The expansion of
the airport runways took place
along with the increase in density Source: Google Maps, Cluj-Napoca City Hall
of the residential area. Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Someseni


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 45 140 21 46 99 19 45 140 185
Trans . val. (EUR'000) 2,345 6,612 1,687 2,602 4,226 441 2,716 6,240 8,957
Median u.p. (EUR/s qm) 956 918 797 902 958 847 974 912 931
Avg.u.p. (EUR/s qm) 955 865 796 901 928 816 1,003 844 887
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

26 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Borhanci

Colonia Borhanci is located in the


South of the Palocsay orchard and Number of apartments: 156
East of Becas district. The main Value: EUR 9,109 ths.
focus for this district are the Avg. Price: 858 EUR/sqm
residential real estate
developments. The area mainly
comprises of individual dwellings
(G or G+1F) as well as 4 story. The
district has a low quality
urbanization lacking infrastructure
elements (utilities, roads), parks,
educational establishments and
food markets.

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Borhanci


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 57 99 53 35 68 - - 156 156
Trans . val. (EUR'000) 3,500 5,609 3,759 2,100 3,250 - - 9,109 9,109
Median u.p. (EUR/s qm) 922 968 710 1,000 1,010 - - 967 967
Avg.u.p. (EUR/s qm) 874 848 725 965 996 - - 858 858
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

27 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Sopor

Colonia Sopor is located in South-


eastern part of the city, close to Number of apartments: 68
the Palocsay orchard and Value: EUR 4,227 ths.
Gheorgheni and Intre Lacuri Avg. Price: 905 EUR/sqm
district. Buildings part of this
district mainly have a residential
use (mostly individual villas). In
recent years, Sopor was intensely
developed as a result of favorable
urban planning restrictions
(including blocks of flats of 4-10
floors).
As a newly developed district, it
lacks urban integration elements
(infrastructure, public spaces,
squares). The Gheorgheni Sports
Base, a sports and leisure
compound opened in 2016, is
located in the proximity of this
District.
Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided
by Cluj-Napoca City Hall

Transactions with apartments 2016 - Sopor


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 22 46 28 27 13 - - 68 68
Trans . val. (EUR'000) 1,384 2,843 2,015 1,610 603 - - 4,227 4,227
Median u.p. (EUR/s qm) 903 893 878 952 997 - - 896 896
Avg.u.p. (EUR/s qm) 935 891 855 939 1,001 - - 905 905
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

28 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Faget

Colonia Faget is located in the


Southern part of the city, in the Number of apartments: 11
proximity of the Faget forest and Value: EUR 882 ths.
Europa district. The characteristics Avg. Price: 883 EUR/sqm
of the district include wooded
areas and areas with a residential
use (mainly including villas). The
district has a large potential for
residential development. It lacks
urban integration elements
(educational establishments,
infrastructure, public spaces).

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Faget


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. 6 5 11 - - - - 11 11
Trans . val. (EUR'000) 440 442 882 - - - - 882 882
Median u.p. (EUR/s qm) 958 765 918 - - - - 918 918
Avg.u.p. (EUR/s qm) 951 823 883 - - - - 883 883
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

29 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
Transactions with apartments Becas

Colonia Becas is located Southeast


of Buna Ziua district and South of Number of apartments: 8
Andrei Muresanu and Gheorgheni Value: EUR 729 ths.
districts. The district is Avg. Price: 1,033 EUR/sqm
characterized by individual
residential dwellings (houses, villas)
with a height of G or G+1F. It lacks
urban integration elements
(infrastructure, green spaces,
squares).

Source: Google Maps, Cluj-Napoca City Hall


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

Transactions with apartments 2016 - Becas


Description Financing Area Age Total
Bank Cash >75 55 - 75 35 - 55 <35 <2000 >2000
Trans . no. - 8 6 1 1 - - 8 8
Trans . val. (EUR'000) - 729 609 66 54 - - 729 729
Median u.p. (EUR/s qm) - 1,062 1,062 909 1,396 - - 1,062 1,062
Avg.u.p. (EUR/s qm) - 1,033 1,025 909 1,396 - - 1,033 1,033
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

30 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
2. Transactions with houses
Transactions with houses in 2016 - Cluj-Napoca
District Trans. No. Val. Trans.
EUR'000
Andrei Mures a nu 29 5,098
Beca s 11 1,285
Borha nci 27 3,044
Bul ga ri a 13 809
Buna Zi ua 22 2,627
Centru 33 6,722
Number of houses: 447
Da mbul Rotund 65 5,186
Value of transactions: EUR 61.3 mil.
Europa 15 2,978
Fa get 20 2,667 Aprox. 53% of the value of
transactions: city centre, Iris,
Intre La curi 6 544 Gheorgheni, Dambul Rotund, Andrei
Gheorgheni 29 5,307 Muresanu and Manastur
Gri gores cu 19 2,760 The largest number of transactions
Grui a 24 3,197 with houses: Dambul Rotund, Iris, city
Iri s 46 5,527 centre and Andrei Muresanu
Ma na s tur 26 4,714 Self-financing: 81% of transactions
Ma ra s ti 21 3,659 value
Pl opi l or 4 461 Normalized sample: 317 houses
Somes eni 24 1,998 Value of transactions: EUR 44.8 mil.
Sopor 1 300 Avg. land area of a house: 411 sqm
Source: Google Maps, Cluj-Napoca City Hall Zori l or 12 2,453
Note: District limits were established based on information provided by Cluj-Napoca City Hall Avg. GBA of a house: 203 sqm
Note 2: The average areas and average price were analyzed solely for the normalized sample of Total 447 61,336
transactions, as mentioned above; the average price was calculated by reference to the GBA Avg. price: 697 EUR/sqm (computed
Source: Analysis of the database provided by Cluj-Napoca City Hall
by division with GBA, includes the
Transactions with houses in 2016 - Cluj-Napoca (normalized sample) land value)
Description Financing Age Total Avg. house price <1990: 798
EUR/sqm
Bank Cash <1990 >=1990
Number of transactions 70 247 113 204 317 Avg. house price >1990: 656
EUR/sqm
Value of transactions (EUR'000) 10,119 34,637 14,882 29,874 44,756
Gross built area (sqm) 14,125 50,087 18,655 45,557 64,212 Self-financing: 77% of transactions
value
Land area (sqm) 27,481 102,936 43,976 86,442 130,418
Avg. land area (sqm) 393 417 389 424 411
Avg. gross built area (sqm) 202 203 165 223 203
Avg. unit price (EUR/sqm GBA) 716 692 798 656 697
Source: Analysis of the database provided by Cluj-Napoca City Hall
Note: To obtain a normalized sample of transactions, from the 447 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 73% of the total value of transactions with houses.

31 Cluj-Napoca@2016
Cluj-Napoca real estate transactions 2016
2. Transactions with plots of land

Transactions with plots of land in 2016 - Cluj-Napoca


District Trans. no. Area Val. Tranz.
sqm EUR'000
Andrei Mures a nu 6 3,342 845
Beca s 8 13,053 440
Borha nci 58 64,794 2,990
Bul ga ri a 1 1,266 195
Buna Zi ua 7 8,230 248
Centru 5 1,846 436
Da mbul Rotund 41 26,525 1,357 Number of plots of land: 369
Europa 15 9,803 959 Value of transactions: EUR 19.8 mil.
Fa get 24 25,563 1,875 Over 57% of transactions value:
Intre La curi 4 2,597 791 Borhanci, Manastur, Faget, Iris,
Dambul Rotund and Grigorescu
Gheorgheni 1 900 260
Gri gores cu 15 14,150 1,192 Total land area traded: 410,941 sqm
Grui a 9 10,388 738 Most numerous and valuable
Iri s 64 59,052 1,710 transactions areas between 500-1,000
sqm
Ma na s tur 42 51,997 2,245
Self-financing: 95% of transactions
Ma ra s ti 4 12,306 276
value
Pl opi l or 1 421 123
Somes eni 20 33,233 676
Sopor 24 39,370 1,150
Zori l or 6 5,673 1,037
Other di s tri cts 14 26,432 317
Source: Google Maps, Cluj-Napoca City Hall Total 369 410,941 19,861
Note: District limits were established based on information provided by Cluj-Napoca City Hall
Source: Analysis of the database provided by Cluj-Napoca City Hall

Transactions with plots of land in 2016 - Cluj-Napoca


Description Financing Area Total
Bank Cash 100-300 sqm 300-500 sqm 500-1000 sqm >1000 sqm
Trans . no. 19 350 21 55 179 114 369
Trans . val. (EUR'000) 970 18,892 403 1,896 8,332 9,230 19,861
Area (s qm) 20,063 390,878 4,021 22,617 118,767 265,536 410,941
Source: Analysis of the database provided by Cluj-Napoca City Hall

32 Cluj-Napoca@2016
Evolution of the real estate market in Cluj-Napoca
2013-2016

Evolution of the real estate transactions market


Cluj-Napoca 2013 - 2016
500 mil 457 mil

400 mil 358 mil


284 mil
300 mil
200 mil
200 mil

100 mil

0 mil
2013 2014 2015 2016

Transactions

Evolution of the financing structure 2013-2016


(Self-finance/ Bank)
500 mil

379 mil
400 mil

266 mil
300 mil
240 mil
200 mil
153 mil

100 mil
92 mil 78 mil
47 mil 44 mil
0 mil
2013 2014 2015 2016
Bank Self-finance

33 Cluj-Napoca@2016
Evolution of the real estate market in Cluj-Napoca
2013-2016
Evolution of the transaction type 2013-2016
500 mil
(Apt./Houses/Plots of land/Other propr.)
20 mil
450 mil

400 mil
105 mil
16 mil
350 mil
45 mil
300 mil 16 mil
82 mil

250 mil 34 mil


72 mil
200 mil 15 mil
27 mil
25 mil
150 mil 20 mil 287 mil
226 mil
100 mil
169 mil
140 mil
50 mil

0 mil
2013 2014 2015 2016
Apartments Houses Other properties Plots of land

Evolution of apartment transactions


Cluj-Napoca 2013-2016
400 mil 1,200 /sqm
350 mil 1,000 /sqm 1,100 /sqm
300 mil 1,000 /sqm
873 /sqm
250 mil 821 /sqm 836 /sqm 287 mil 900 /sqm
200 mil 226 mil 800 /sqm
150 mil 169 mil 700 /sqm
100 mil 140 mil 600 /sqm
50 mil 500 /sqm
0 mil 400 /sqm
2013 2014 2015 2016
Transaction value Average unit price

34 Cluj-Napoca@2016
Conclusions
Real estate transactions Cluj-Napoca 2016

Real estate transactions Cluj-Napoca 2016


Number: 7,377 transactions
Value: EUR 456.7 mil.

Apartments
Number: 4,920 transactions
Valoare: EUR 287.4 mil.

Houses
Number: 447 transactions
Value: EUR 61.3 mil.

Plots of land
Number: 369 transactions
Value: EUR 19.8 mil.

Other properties (transactions performed by legal


entities, transactions with commercial/ office/
industrial/ auxiliary real estate properties)
Number: 1,641 transactions (legal entities: 762
transactions accounting for 46% of total)
Valoare: EUR 88.1 mil. (legal entities: EUR 81.25 mil.
accounting for 92% of total) Source: Google Maps, Cluj-Napoca City Hall
Note: District limits were established based on information provided by Cluj-Napoca City Hall

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

840
EUR/sqm

878
EUR/sqm
764
EUR/sqm
887
1,027 EUR/sqm
EUR/sqm
1,017
1,051
EUR/sqm
EUR/sqm

1,048
1,095
EUR/sqm
EUR/sqm 1,116
1,100 EUR/sqm
EUR/sqm 905
1,002 EUR/sqm
EUR/sqm
974 1,092 858
EUR/sqm EUR/sqm EUR/sqm

900 927
EUR/sqm EUR/sqm

Avg. price: 1,000 EUR/sqm


Avg. price bank financing: 1,008 EUR/sqm
Avg. price self-financing: 998 EUR/sqm
Sursa: Google Maps, Primaria Mun. Cluj-Napoca
Nota: Limitele cartierelor au fost stabilite in baza informatiilor furnizate de Primaria Cluj-Napoca

36 Cluj-Napoca@2016
Appendices
Database and approach of the analysis

Database Following analysis of the aforementioned pieces of information, the database includes:
As in the previous years Cluj-Napoca City Hall has collected and summarized the real 7,377 lines, which refer to the real estate properties obtained through sale-purchase
estate transactions concluded within the city limits through the Local Tax Department. 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 2,932 removed lines, which include doubled transactions (presented from the buyers
acquired within the area of Cluj-Napoca. The database is a MS ExcelTM file that includes perspective, as well as from the sellers perspective), or transactions which do not include
10,309 lines, corresponding to the 2016 property tax returns related to the real estate information on the price (generally include transactions with auxiliary real estate
properties, including records from January December 2016. properties: storage units, garages, parking lots, basements or small plots of land related
to certain apartments, already included in the price of the base real estate property and
The transactions are concluded between individuals, legal entities or both, using various presented on a distinct line).
financing sources (bank loans or cash). The object of the transactions includes real estate
properties consisting of plots of land, houses (land and buildings), apartments or other In order to perform our analysis we excluded duplicate records as well as auxiliary real estate
types of real estate properties. Transactions with other types of real estate properties properties prices that were traded along with and included in the price of the main real
include the transactions carried by legal entities, as well as transactions carried by estate properties (if the case).
individuals with auxiliary real estate properties and other types of properties. The
transactions recorded in the database are concluded in different currencies (RON, USD, Consequently, records which were doubled over or referring to auxiliary real estate
EUR). properties with prices included in the main transaction were excluded from this analysis.

The file provides information on real estate properties within the area of Cluj-Napoca as Therefore, we analyzed 7,377 records based on sale-purchase agreements, collectively
follows: referred to as transactions, concluded during January December 2016. These
transactions provide detailed information on the type, characteristics and price of the real
Manner to obtain the ownership rights over the real estate property estate properties.
Type of real estate property: plot of land, house, apartment, other types of real estate Most Cluj-Napoca districts include both established real estate areas and recently developed
properties etc. and expanded areas. As a result, the average prices are not applicable to any property, but
rather reflect the average price of the real estate properties traded in the past year, prices
Physical characteristics of the real estate property: land area, net/gross built area of which are influenced by age, physical characteristics (type, endowments, size, degree of
the building, year of the construction comfort), location and position (vicinities, street, direction, floor, proximity of public
Location of the real estate property: district, street, number transport) auxiliary properties included in the price etc.

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 10,300 lines of the database refer to different manners to obtain the
ownership rights over the real estate properties, respectively sale-purchase or auction.

37 Cluj-Napoca@2016
Appendices
Database and approach of the analysis

Methodology and approach 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
The database previously presented was subject to a preliminary analysis, aiming to verified in the database. The maps included in the document are based on information
identify the type of real estate properties, the period in which the transactions were from the database provided by Cluj-Napoca City Hall. Districts are delimited by proximity,
concluded, the entries containing relevant information for analysis and dissemination. while areas are not considered homogeneous in term of attractiveness on the real estate
In order to standardize the results, the transactions were converted into EUR currency, market.
based on the average exchange rate published by the National Bank of Romania for the The real estate transactions were also analyzed based on the financing sources: the
month in which the transactions were concluded. majority of the transactions were self-financed (6,208 transactions), while the rest of the
The relevant records forming the statistical population under analysis refer to a total of transactions were financed through bank loans (1,169 transactions).
7,377 real estate properties, traded during January December 2016. The average and median unit price of the apartments was calculated for each district.
The main criteria utilized for the analysis of the real estate transactions were: Based on the data processing, a series of relevant information on real estate transactions
with apartments in each district of Cluj-Napoca could be disseminated between January
Type of real estate property and December 2016. Following the dissemination, an average price per district could be
determined, respectively an average unit price for the entire city.
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
Financing method for the acquisition
possible to extract information at district level, after identifying a relevant statistical
Area of the real estate property population. Transactions with auxiliary or mixed use properties summed up to an
insufficient number, hence we could not reach a conclusion on average unit prices.
According to the type of real estate property, the transactions under analysis can be Transactions concluded by legal entities, usually consisting of commercial, industrial and
grouped as follows: office real estate properties, are included in Other real estate properties. A series of
369 transactions with plots of land transactions with apartments that have atypical characteristics or prices were also
included in the category Other real estate properties.
447 transactions with houses (land and buildings)
The relevance, accuracy and quality of the information utilized in our analysis is derived
4,920 transactions with apartments from the database provided by the City Hall. The transactions are not homogeneously
distributed by districts, the adjacent areas of the city presenting a high number of land
1,641 transactions representing transactions carried by legal entities, as well as transactions and a small number of apartment transaction, while in the central and semi-
transactions with various auxiliary real estate properties, such as storage units, garages, central areas the reverse situation occurs.
parking lots, non-residential real estate properties traded by individuals.
The resulted information from the processing of the data provided by the Cluj-Napoca City
In order to conclude on the information at hand, our target was to derive a unit price for Hall does not provide any indication regarding the investments made by individuals or
each type of real estate property. Therefore, we used the net area as benchmark for legal entities and they are valid only within the limits of the information presented in the
apartments, whereas for houses we used the gross built area. The transactions were sale-purchase contracts. Cluj-Napoca City Hall and the authors do not take responsibility
analyzed by type (plots of land, houses, apartments and other real estate properties), and for any decisions that are made on the basis of information from this brochure. We did not
for transactions with apartments, information was sufficient to also perform an analysis at carry out an individual analysis of each transaction. Our purpose was to make the
district level. information available in a comprehensible and useful format for the reader.

38 Cluj-Napoca@2016
Appendices
Various statistics
Monthly structure of real estate transactions in Cluj-Napoca in 2016 The streets with the largest number of transactions
Month Type of property Financing Total No. Street No. of trans.
EUR Land House Apt. Other Self Bank 1 Galati 271
Ja nua ry 11 15 242 75 281 62 343 2 Buna Ziua 245
Februa ry 27 28 332 74 386 75 461 3 Dunarii 162
Ma rch 32 39 397 155 473 150 623 4 Oasului 162
Apri l 37 36 434 171 562 116 678 5 Bologa Valeriu 144
Ma y 26 36 409 108 422 157 579 6 Dorobantilor 143
June 32 38 413 215 589 109 698 7 Soporului 123
Jul y 33 43 403 108 530 57 587 8 Calea Someseni 94
Augus t 40 40 468 139 626 61 687 9 Fabricii 93
September 38 47 558 167 724 86 810 10 Constantin Brincusi 91
October 33 58 365 117 496 77 573 Top 10 1,528
November 36 35 481 115 552 115 667 Total transactions 2016 7,377
December 24 32 418 197 567 104 671 % Top 10 of Total 21%
Total 369 447 4,920 1,641 6,208 1,169 7,377 Source: Analysis of the database provided by Cluj-Napoca City
Hall
Source: Analysis of the database provided by Cluj-Napoca City Hall

Monthly value of real estate transactions in Cluj-Napoca in 2016 The streets with the most valuable transactions
Month Type of property Financing Total No. Street Trans. val. (EUR)
EUR Land House Apt. Other Self Bank 1 Buna Ziua 14,821,489
Ja nua ry 437,082 1,358,722 14,139,592 2,374,504 14,818,190 3,491,710 18,309,900 2 Galati 14,521,421
Februa ry 1,483,213 3,299,994 18,174,036 3,112,843 21,626,345 4,443,740 26,070,085 3 Taietura Turcului 13,612,859
Ma rch 1,206,152 5,439,044 22,116,194 10,570,281 30,268,199 9,063,472 39,331,671 4 Dorobantilor 11,333,701
Apri l 2,594,204 7,914,044 25,492,023 7,305,837 35,144,617 8,161,491 43,306,108 5 Bologa Valeriu 9,202,453
Ma y 1,171,618 5,495,665 24,383,650 6,684,929 27,321,993 10,413,868 37,735,862 6 Soporului 7,998,499
June 1,710,515 4,757,291 24,674,742 15,815,761 39,495,383 7,462,926 46,958,309 7 Dunarii 6,885,668
Jul y 2,107,406 6,418,409 22,716,551 3,436,983 30,879,944 3,799,405 34,679,349 8 Calea Baciului 6,657,065
Augus t 2,065,348 4,542,027 26,956,207 6,841,753 36,195,220 4,210,114 40,405,334 9 Oasului 6,491,603
September 2,341,447 5,216,892 32,300,172 8,185,274 42,223,845 5,819,940 48,043,785 10 Donath 5,736,030
October 1,651,922 7,996,682 22,106,524 11,363,631 37,798,204 5,320,556 43,118,759 Top 10 97,260,787
November 1,513,687 4,291,271 28,871,410 5,020,795 31,588,829 8,108,335 39,697,163 Total transactions 2016 456,673,219
December 1,578,471 4,605,925 25,430,666 7,401,832 31,607,501 7,409,393 39,016,894 % Top 10 of Total 21%
Total 19,861,063 61,335,967 287,361,766 88,114,424 378,968,270 77,704,950 456,673,219 Source: Analysis of the database provided by Cluj-Napoca City
Hall
Source: Analysis of the database provided by Cluj-Napoca City Hall

39 Cluj-Napoca@2016
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
www.storia.ro
www.forbes.ro
www.stiridecluj.ro
www.ziuadecj.ro

Project coordinated by Adrian Vascu, Senior Partner Veridio, member of ANEVAR Board

Team: Paul Bndea, Anca Bndea, Andreea Ardelean, Bianca Moi with the support of

Photo credit: Bogdan Cojocaru

40 Cluj-Napoca@2016
August 2017
Cluj-Napoca City Hall and Local Council
41 Cluj-Napoca@2016

Похожие интересы