Ural Real Estate Chamber: Existing Homes 3.1% Cheaper in Yekaterinburg
31 March 2017 (11:37)
UrBC, Yekaterinburg, March 31, 2017. Prices went down by 1.2% on Yekaterinburg existing home market in the first three months of 2017. Compared with March 2016 and February 2015, prices declined by 3.1% and 12.3%, respectively, Ural Real Estate Chamber’s report states.
The average asking price on Yekaterinburg existing home market currently comes to 67,298 RUR per m2.
The only housing segment where prices went up a little since the start of the year (+0.9%, from 48,381 RUR to 48,838 RUR per m2) was the apartments on the outskirts of the city. Centrally located homes grew 0.3% less expensive (from 95,089 RUR down to 94,766 RUR per m2), homes in the city’s second priciest locations near downtown grew 0.8% less expensive (from 72,792 RUR down to 72,232 RUR per m2), and those in the city’s third and fourth priciest locations grew 1.2% less expensive.
In terms of housing type rather than its location, apartments in buildings dating back to the Stalin era grew 3% less expensive (from 58,939 RUR per m2 in December down to 57,176 RUR per m2 now). Homes in more recent buildings from the eighties lost 1.3% of their value (from 64,582 RUR down to 63,722 RUR per m2). Apartments in buildings dating back to the Brezhnev era can now be had 0.9% cheaper, with prices dropping from 59,373 RUR down to 58,846 RUR per m2.
The average asking price on Yekaterinburg existing home market currently comes to 67,298 RUR per m2.
The only housing segment where prices went up a little since the start of the year (+0.9%, from 48,381 RUR to 48,838 RUR per m2) was the apartments on the outskirts of the city. Centrally located homes grew 0.3% less expensive (from 95,089 RUR down to 94,766 RUR per m2), homes in the city’s second priciest locations near downtown grew 0.8% less expensive (from 72,792 RUR down to 72,232 RUR per m2), and those in the city’s third and fourth priciest locations grew 1.2% less expensive.
In terms of housing type rather than its location, apartments in buildings dating back to the Stalin era grew 3% less expensive (from 58,939 RUR per m2 in December down to 57,176 RUR per m2 now). Homes in more recent buildings from the eighties lost 1.3% of their value (from 64,582 RUR down to 63,722 RUR per m2). Apartments in buildings dating back to the Brezhnev era can now be had 0.9% cheaper, with prices dropping from 59,373 RUR down to 58,846 RUR per m2.
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