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.

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