Yekaterinburg: Rental Market Down 42%

24 November 2016 (15:15)

UrBC, Yekaterinburg, November 24, 2016. The number of apartments available for long-term rent in Yekaterinburg has gone down by 42%, from 2460 to 1,420 since the start of the year, N1.RU’s estate market analysts’ research findings indicate.

The web portal’s press service reports the overall market supply dropped by 45% against last year, with the low hit in September, when only 1,080 apartments were on offer.

The average monthly rent amount went down by 2% to 4% and currently comes to 19,300 RUR.

‘The shrinking supply probably has to do with the fact that increasingly fewer new and existing homes are bought specifically as investment and a source of rental income,’ says head of N1.RU Yekaterinburg Oxana Sidletskaya.

Other materials on the topic::