Yekaterinburg housing prices stop growing, Ural Chamber of Real Estate says

10 November 2014 (09:22)

November 10, 2014. On average, the asking price of one square meter in a Yekaterinburg-based apartment stood at 75,547 RUR on November 3, 2014. This means existing home market prices did not rise any further in October; in fact, the figure declined by 0.4% over the last four weeks and has not increased by any more than 3.8% since the beginning of the year.

The supply on Yekaterinburg existing home market reached its six-year high in early October: there are currently nearly 10,100 apartments and over 1,750 rooms in communal apartments for sale in Ural Chamber of Real Estate’s database. This is, respectively, 37% and 27% more than advertised by estate agents in late March 2014. What is more, the new home market supply remains high as well: the record-setting 2.8m square meters worth of apartment buildings are being put up this year.

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