Housing prices on Yekaterinburg existing homes market go up 0.3% in one month

28 May 2014 (09:14)

May 28, 2014. According to the Ural Chamber of Real Estate’s Analytical Department, the median offering price of a square meter of housing on Yekaterinburg existing homes market was 74,831 RUR on May 19, 2014, the Chamber’s press officer says.

The prices tend to keep going up within 0.1% a week. Over the last four weeks, these increased by 0.3%, and the total increase has come to about 2.8% compared with the beginning of the year.

The market supply has been going up as well. The number of apartments being offered for sale through the Chamber’s database rises by 1% to 1.5% every week. The total increase amounted to 9.7% over the last two months. The supply on the communal apartments market is up as well: there are currently 7.5% more rooms in communal apartments offered for sale than in late March. Besides, customers are spoilt for choice on the new homes market at the moment: 2.4m sq m worth of housing are put up every year.

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