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Cluj-Napoca, a city in Romania, is experiencing a significant housing crisis. Despite Romania's high home ownership rates, the rental market in Cluj-Napoca is strained due to high demand from locals, international students, and professionals. This demand has driven up rental prices, making it difficult for local residents to afford housing. The city's housing market is further complicated by informal rental agreements and inconsistent legal enforcement, which pose risks for both landlords and tenants.
The city is attempting to address the housing crisis by building more affordable housing and providing financial support to tenants and homebuyers. However, the city hall's efforts have been criticized for not meeting the surging demand for affordable homes, with only a small fraction of social housing requests being approved. The city's real-estate boom, driven by the tech sector, has led to property values soaring, making it challenging for average residents to buy or rent homes in desirable areas. Addressing these challenges is crucial for maintaining the city's inclusivity and ensuring affordable and sustainable housing for all residents.