Yekaterinburg: Existing home prices keep going down

28 September 2015 (09:07)

UrBC, Yekaterinburg, September 28, 2015. Existing home prices keep dropping on Yekaterinburg estate market, Ural Real Estate Chamber reports.

As of September 21, the average asking price came to 72,455 RUR per m2, down 4.9% on the start of the year.

Prices in the most expensive part of the city went down to 99,712 RUR per m2 in the last four weeks; as for the second most expensive districts, the average asking price declined by 0.7%, down to 76,854 RUR per m2. As for the third and fourth most expensive areas, prices dropped by 0.5% (down to 66,704 RUR per m2) and by 1.3% (down to 62,344 RUR per m2), respectively. At the same time, the remotest parts of Yekaterinburg grew a bit pricier, with asking price at 53,969 RUR per m2 on average.

In terms of the type of the building rather than location, prices mostly went down by 1% to 1.1% for most categories, including the older ones built in the sixties and the seventies and the newer ones with more spacious layouts.

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