Housing prices keep going down in Yekaterinburg

15 September 2015 (09:12)

UrBC, Yekaterinburg, September 15, 2015. Prices on Yekaterinburg existing homes market went down by 4.4% between late 2014 and August 2015, Ural Real Estate Chamber reports.

On average, prices tended to decline by 0.2% a week and by 0.7% in the last four weeks.

Interestingly, the price changes were most noticeable in the city’s fourth most expensive housing district and in downtown Yekaterinburg, where the decrease came to 0.8% over the last four weeks, down to 62,868 RUR and 101,520 RUR per m2, respectively. Homes immediately outside central locations became 0.6% less expensive, 77,137 RUR per m2 on average.

Housing in Yekaterinburg’s third and fifth most expensive areas declined by 0.5% (67,012 RUR per m2) and 0.4% (53,976 RUR per m2), respectively.

The market supply is now increasing more slowly than earlier; there are still between 11,400 and 11,450 apartments and around 1,800 rooms in communal apartments for sale on the market, and it still takes up to 5.5 months to make a sale.

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