Supply on Yekaterinburg real estate market drops 6% in the summer

5 September 2013 (09:22)

September 4, 2013. The number of apartments available for sale on Yekaterinburg existing homes market decreased by 6% compared with the beginning of the summer. At the moment, according to the Ural Chamber of Real Estate’s database, some 8,750 apartments are now put up for sale by various estate agents.

According to the Chamber’s Analytics Department, the average price of a square meter of housing in Yekaterinburg came to 71,191 RUR on September 2, 2013. In July and August, the market kept up a slightly pronounced positive trend: the figure went up by 0.6% in the last four weeks and by 1.5% since the beginning of the year.

A weak upward trend can be observed in various market segments over the last four weeks, with the only exception of the downtown area, where the average figure declined by 0.7%. Buying a place in the city’s most expensive area will now come at a price of 89,186 RUR per sq m. At the same time, the price of apartments in the second and third most expensive price belts rose by 0.5% (to 73,682 RUR and 65, 907 RUR per sq m, respectively). Prices rose most dynamically in the fifth price belt, where the figure increased by 2.1%: sellers now quote 52,828 RUR per square meter of housing in the remotest parts of Yekaterinburg. However, the fourth price belt has remained the same in terms of prices – the figure comes to 61,897 RUR here.

‘Yekaterinburg real estate prices have remained nearly the same since the start of 2013. A slight increase in the city’s average figure is still below the inflation rate. Customers still have plentiful options to make the most suitable choice under no pressure,’ the Chamber’s analysts feel.

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