Yekaterinburg housing prices go down 5.8%

UrBC, Yekaterinburg, October 30, 2015. Prices went down by an average of 5.8% on Yekaterinburg existing homes market in the ten months of 2015, Ural Real Estate Chamber reports.

The average asking price of a square meter of housing came to 71,828 RUR on October 28, 2015.

The demand went up a little following the summertime seasonal decline, but it still remains low. However, sellers are still actively putting new offers on the market, so the overall existing homes market supply has gone up by nearly 48% since February. There are currently 11,550 apartments and over 1,900 rooms in communal apartments on offer at the estate agents’ databases. It typically takes 4.5 to 6 months to make a sale.


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