Romania

From Tech Boom to Housing Crisis: The Tale of Romania's Cluj-Napoca

Tech-driven gentrification hits Romania's student city Cluj-Napoca, leading to a housing crisis

In a world where tech hubs like Seattle, Barcelona, and Bengaluru are in the limelight, the lesser-known city of Cluj-Napoca in Romania has been experiencing its own set of growing pains. Once a quiet student city, Cluj-Napoca is now facing the harsh reality of tech-driven gentrification, causing a housing crisis for its residents. The influx of tech companies and high-paid employees has led to soaring rents and property prices, pushing out many students and locals from their homes. The charm of this Romanian gem is fading as modernization takes over, leaving many struggling to adapt to the rapid changes.