Cluj - property market is HOT, HOT, HOT!
January 8th, 2008
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Cluj
Situated in north-west of the country, Cluj is the 4th major city in Romania. E60 Vien-Budapest-Bucharest road is passing through, and new Budapest Bucharest highway is set to pass close by.
Cluj economy is well developed, many foreign investors are in place with more then 3,000 foreign-registered companies.
The city is also a strong university center with good name and tradition.
New investments are on the way, companies like Nokia being in top with over 2,000 new jobs project.
The property market is enjoying strong demand both on rental and buying markets.
Best properties to invest are close to center apartments offering modern living conditions. Few new projects are underway, with off plan apartments available.
Prices start from €50,000-60,000 for one room apartment and go up to €120,000- 180,000 for top level properties.
Rent will start from €350-500 for one bedroom apartment and will rise to €1500-2000 for luxurious properties.
More about investing in Romanian properties in the Independent Guide
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