Cluj-Napoca has become the city with the most expensive land for industrial development in Romania, prices in areas of maximum interest being almost double compared to those required for similar sites in Bucharest, according to a report drafted by industrial real estate and land brokerage agency Dunwell.

In Cluj-Napoca, Floreşti area, land prices vary between EUR 50-60  per square meter (sqm), in Apahida area the price is EUR 60-70 per sqm while in Jucu, the asking prices range between EUR 35-40 per sqm, Dunwell estimates show. In Bucharest, for comparison, in the north-east area, land prices start from EUR 30 per sqm and can reach EUR 60 per sqm while in the north-west area they are around EUR 30-40 per sqm.

“Any infrastructure project increases the attractiveness of the area. Ştefăneştii de Jos (northern Bucharest) became a very attractive area after the completion of the A3 Bucharest - Ploieşti highway and the connection with the Bucharest Ring Road. The same will happen with Târgu Mureş, Turda or Constanţa, cities with high development potential given by the advanced stage of the infrastructure projects, which can become real competitors for Cluj,” said Andrei Moraru, head of land development at Dunwell.

editor@romania-insider.com

(Photo source: the company)