Ural Real Estate Chamber: Prices Stop Dropping on Existing Home Market

28 September 2016 (10:13)

UrBC, Yekaterinburg, September 28, 2016. Asking prices have decreased by 3.4% on Yekaterinburg existing home market since the start of the year. The figures kept going down in the first five months of the year and stopped declining by the beginning of summer, Ural Real Estate Chamber’s research findings indicate.

As of September 26, 2016, the average per-square-meter asking price came to 68,359 RUR, which was 5.6% less than one year earlier and 10.9% less than in February 2015 (the price peak so far).

The price decrease was most noticeable in the city’s remotest and least expensive locations, where the drop came to 5.7% against the start of the year. In terms of housing types, prices went down most for apartments built in the Brezhnev and Gorbachev eras (-5.4%) and for larger homes with more than two bedrooms (-4.6%).

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