Yekaterinburg existing homes prices go down 0.5%

24 July 2013 (18:25)

July 24, 2013. The price of a square meter of housing on the existing homes market in Yekaterinburg comes to 70,595 RUR on average.

According to the findings of a research done by the Ural Chamber of Real Estate's Analytical Department, no visible price dynamics can be traced on the market still. Prices rose by 0.4% over the last four weeks, and by no more than 0.7% since the beginning of the year. At the same time, the current prices are 0.5% lower than the peak price of February 2013 (70,918 RUR per sq m).

'The market supply stopped growing in April and even shrank somewhat during the summer's low season. The number of apartments put up for sale decreased by 3% over the last two months. Still, the customers still have plenty of choice: there are currently more than 9,000 dwellings on sale in the Chamber's database, this is 33% more than in the beginning of the year, while the exposure time is now shorter than at the start of the year and comes to 4-4.5 months,' the Chamber reports.

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