Yekaterinburg rental market grows 0.4% less profitable

14 October 2015 (09:36)

UrBC, Yekaterinburg, October 14, 2015. Letting one’s Yekaterinburg apartment turned 0.4% less profitable than one year ago, and E1.Nedvizhimost report.

The most profitable places to let are one-bedroom apartments in Vokzalny District, where one can expect an 8% ROI. Studio apartments in the remote areas of Komperssorny and Elizavet are in the second place, and apartments in Shartash Market, Elmash, and Vtuzgorodok are in the third place.

Two-bedroom apartments in VIZ, Uralmash, Parkovy, Krasnolesye, Shirokaya Rechka, UNC, Zarechny, and Khimmash have a ROI of under 5% a year.

‘Rental profits haven’t declines so much as to scare off estate investors. The overall decline in the housing market demand has to do with the country’s economic situation rather than with the drop in profitability of the business,’ says head of E1.Nedvizhimost Marina Grinemayer.

According to Grinemayer, investors could actually take the advantage of buying housing on the cheap and making profits from both letting it and its cost rising eventually in the future.

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