“People in Cluj are hardly buying apartments priced at EUR1,700 per square meters to live in them. Investors buy such apartments, as they know the rental market in Cluj-Napoca is stable. A EUR70,000 apartment in a good neighborhood in Cluj-Napoca can be rented for EUR500 per month.”
An over 50 square meter two-room apartment in Cluj-Napoca may cost as much as EUR90,000 and a three-room apartment in semi-central locations may cost as much as EUR120,000.
(English version by Loredana Fratila-Cristescu)