Avito: Yekaterinburg existing homes prices drop 5.8%

UrBC, Yekaterinburg, February 11, 2016. The average price of a square meter of housing decreased by 5.8% on Yekaterinburg existing home market in the last quarter of 2015 against one year earlier, Domofond.ru and Avito Nedvizhimost report.

The average per-square-meter price used to come to 78,500 RUR in the last quarter of 2014 and dropped down to 73,900 RUR one year later. Despite the declining prices, Yekaterinburg homes are still considerably more expensive than the Russian market’s average (63,200 RUR per m2).

According to Avito’s findings, price fluctuations vary somewhat depending on location: homes grew as much as 9.1% cheaper in Zheleznodorozhny District and as little as 4.9% and 4.8% in Leninsky and Ordzhonikidzevsky Districts, respectively.

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