Study on the Situation of the Real Estate Market in the Town of Florești, Cluj County

Abstract

In the context of the development of the real estate market in the metropolitan area of Cluj-Napoca, the paper aims at an analysis of the sale value of the buildings in this area. Thus, in order to carry out the analysis, a residential real estate property located in Floresti, Floresti commune, Cluj County, was studied, being composed of: intravilan land with an area of 600 sqm and Family building with a height regime of P+E, having the following description in the land book: Family construction, with a height regime P+E, built in 2014, with a surface built on the ground of 130 sqm, developed area of 230 sqm and usable area of 190 sqm. The construction is divided as follows: on the ground floor - vestibule, living room, hallway, G.S., office, 2 storage spaces, kitchen, room, C.T., garage; upstairs - 3 bedrooms, 2 bathrooms, 3 dressing rooms, hallway + staircase. The approach applied to the valuation of this property was: the direct comparison approach (through the market). Following the application of this method and the results according to the valuation report, the estimation of the market value of the property is 227,000 Euro equivalent to 1,118,000 Ron. The amount was taken over as a result of the direct comparison method because the purpose of this valuation is to estimate the value with a view to the sale of the property. At the time of the evaluation (10.05.2021) it is noticed that the zonal supply is quite high, and the demand is also increasing, thus being an active market.