Yekaterinburg housing prices drop 6.4%

19 November 2015 (09:42)

UrBC, Yekaterinburg, November 19, 2015. Prices went down by 6.4% on Yekaterinburg existing homes market compared with the start of the year and now come to 71,385 RUR per m2 on average, Ural Real Estate Chamber reports.

Housing prices declined by 0.8% in the last four weeks alone, so homes in the city’s third and fourth most expensive districts are now offered for 65,636 RUR per m2 and 61,363 RUR per m2, respectively (-0.9%). Places in the city’s remotest and cheapest districts are offered for 52,784 RUR per m2 (-0.3%).

As for centrally located apartments, however, prices went up by 1.8% and now come to 98,821 RUR per m2 on average. Homes in the second priciest parts of the city can be bought for 76,002 RUR per m2 (+0.6%).

In terms of types of housing, apartments in buildings dating back to the seventies and the eighties grew 1.2% cheaper and now come for 64,614 RUR per m2; more modern, improved-layout apartments come for 69,100 RUR per m2. Apartments in buildings from the Stalin and Khrushchev eras grew 1.1% less expensive and now come for 63,031 RUR and 65,496 RUR per m2, respectively. Homes in the most recent buildings only grew 0.3% cheaper and come for 80,016 RUR per m2.

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