Selling a Yekaterinburg home takes six months
3 July 2015 (13:10)
UrBC, Yekaterinburg, July 3, 2015. The average amount of time it takes to sell an apartment on Yekaterinburg existing homes market rose from 3.5 to 6.5 months since the start of the year, Ural Real Estate Chamber’s analytical report states.
According to Rosreyestr, the overall number of estate deals was 15% lower in the first half of 2015 than in the first half of 2014, while the market supply reached its all-time high: there are currently over 11,300 apartments offered for sale in the chamber’s database.
This has already resulting in dropping housing prices: these have gone down by 2.8% compared with the beginning of the year. As of June 29, 2015, the asking price per square meter on the existing homes market stood at 74.109 RUR.
Centrally located apartments are the only exception to this downward trend: per-square-meter price of a place downtown now comes to 101,108 RUR, which is 1.7% more than at the end of last year. Prices dropped most noticeably in the city’s third most expensive districts, where per-square-meter price comes to 68,054 RUR (-3.3%). Housing prices in the second and fourth most expensive areas decreased from 80,183 RUR down to 78,782 RUR (-.17%) and from 65,365 RUR down to 64,167 RUR (-1.8%), respectively. In the fifth most expensive district, prices declined by 0.1%, so a square meter on the outskirts of the city now costs 55,007 RUR (against 55,050 RUR in December 2014).
According to Rosreyestr, the overall number of estate deals was 15% lower in the first half of 2015 than in the first half of 2014, while the market supply reached its all-time high: there are currently over 11,300 apartments offered for sale in the chamber’s database.
This has already resulting in dropping housing prices: these have gone down by 2.8% compared with the beginning of the year. As of June 29, 2015, the asking price per square meter on the existing homes market stood at 74.109 RUR.
Centrally located apartments are the only exception to this downward trend: per-square-meter price of a place downtown now comes to 101,108 RUR, which is 1.7% more than at the end of last year. Prices dropped most noticeably in the city’s third most expensive districts, where per-square-meter price comes to 68,054 RUR (-3.3%). Housing prices in the second and fourth most expensive areas decreased from 80,183 RUR down to 78,782 RUR (-.17%) and from 65,365 RUR down to 64,167 RUR (-1.8%), respectively. In the fifth most expensive district, prices declined by 0.1%, so a square meter on the outskirts of the city now costs 55,007 RUR (against 55,050 RUR in December 2014).
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