Sales on Sverdlovsk Region new homes market drop by a third
19 October 2015 (09:27)
UrBC, Yekaterinburg, October 19, 2015. Sales went down by 30% to 35% on Yekaterinburg new homes market, the constituency’s Construction & Infrastructure Development Minister Sergei Bidonko said at Ural Estate Forum.
‘The market’s current supply is made up of buildings commissioned in the pre-recession years 2012-2014. This reserve is gradually wearing thin, and there are considerably fewer new development projects here. This has to do with a 30% to 35% decline in new homes sales,’ Bidonko said.
According to the minister, the market supply is expected to shrink in the nearest future.
‘The market’s current supply is made up of buildings commissioned in the pre-recession years 2012-2014. This reserve is gradually wearing thin, and there are considerably fewer new development projects here. This has to do with a 30% to 35% decline in new homes sales,’ Bidonko said.
According to the minister, the market supply is expected to shrink in the nearest future.
 | Embed to Blog |  | Subscribe to Newsletter |  |