Yekaterinburg: Existing home prices drop 7.7%

UrBC, Yekaterinburg, December 18, 2015. The average per-square-meter price on Yekaterinburg existing home market dropped by 7.7%, down to 70,821 RUR, since the start of the year, Ural Real Estate Chamber reports.

Prices have been declining the fastest (-1.7%) in the city’s remotest and cheapest districts and now come to 51,902 RUR per m2 on average. Centrally located apartments and those in the city’s second priciest districts are now 0.8% cheaper, 98,079 RUR per m2 and 75,370 RUR per m2 on average, respectively. Homes in the third most expensive districts grew 0.6% cheaper, down to 65,213 RUR per m2 on average, and those in the fourth most expensive districts grew 1.4% cheaper, down to 60,486 RUR per m2 on average.

As for the type of housing, homes in the apartment buildings from the Brezhnev era are now available for 63,525 RUR per m2 (-1.7%), those in the apartment buildings from the Khrushchev era are offered for 64,849 RUR per m2 (-1%), and those in the apartment buildings from the Stalin era are offered for 62,553 RUR per m2 (-0.8%). Homes in the modern buildings grew only slightly less expensive (-0.6%) and are now available for 79,556 RUR per m2.


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