Cluj-Napoca to publish list of home purchase prices this September

Newsroom 03/06/2014 | 17:19

A group of valuators from Cluj-Napoca are working on a pilot project in partnership with the City Hall to publish a report about average purchase prices for housing in the city, Adrian Vascu, the president of the Romanian valuators association (ANEVAR) said this Tuesday.

The report, which is aimed to provide more transparency to the market, will be based on data provided by the City Hall and will offer statistics about the actual purchase prices in various parts of the city in 2013, said Vascu, who is also advisory director, valuations, at KPMG in Romania.

This would make Cluj-Napoca the first Romanian city where such information would become available to the general public. While data about asking house prices in Romania is widely available from various sources, there are no free statistics about the actual purchase prices.

“Information about the purchase prices can be found in the sales and purchase agreement between seller and buyer and city halls register all these contracts. Only that they don’t register the actual price in the deed,” he said. The Cluj-NapocaCity Hall “understood how useful such information would be” and agreed to change their software so that it also registers the purchase price, went on ANEVAR’s president.

At present the association is also working at setting up a database with information about all the valuations conducted for banks. Once it will become operational, ANEVAR will be able to offer statistics about property valuations.