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Entry level investment opportunity [ SOLD ]  Region: South East  Price: EUR € 33 098  Bedrooms: 1  Property Type: Villa  Development State: Off Plan

Features: Parking, Pets Allowed Amenities: Shops, Bars & Restaurants, Medical Facilities, 24 Hour security, Childrens Playground, In City Description:
Highlights

• Cluj International Airport
• Close proximity to the commercial hub of the city
• The young professionals’ location of choice
• Excellent rental potential

With one of the most vibrant economies in the country and a population of around 330,000, Cluj is today a vibrant cultural and educational city.

New businesses recently relocated to Cluj-Napoca are focusing on R&D centres in IT/engineering as well as production for high-tech industry. The big names having recently developed presence in Cluj-Napoca are: Nokia, Siemens, Emerson, Orange, Kunkhe, ACE, Vicking Direct etc.

Being an attractive city to study and work, Cluj is attracting more and more workforce to the area, thus adding more pressure to the existing high demand for housing and causing prices to rise at a very fast pace.

The buyers

• Young people having relatively well paid jobs buying their first apartment
• The parents of the students coming to study in Cluj-Napoca prefer to buy an apartment instead of paying the monthly rent for approx 5 year duration of the studies
• Foreigners intending to live a longer period in Cluj-Napoca
• Romanians working abroad wishing to invest their savings
• Mature families wishing to upgrade their apartment from an old one to a new and larger one

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