Yekaterinburg: Existing Home Prices Down 13%

UrBC, Yekaterinburg, May 4, 2017. The average asking price on Yekaterinburg existing home market declined by 0.6% in the last four weeks and came to 66,850 RUR per m2, Ural Real Estate Chamber’s analytical report states.

This is nearly 13% less than in February 2015 and 1.8% less compared with the start of the year.

Prices fell most noticeably in the city’s cheapest and remotest locations, with prices falling by 2.5%, down to 48,035 RUR per m2 in the last four weeks. Homes in the third and fourth priciest locations grew 0.7% less expensive (60,850 RUR and 56,135 RUR per m2, respectively). Centrally located homes and those near downtown can now be had for 94,536 RUR per m2 (-1%) and 71,906 RUR per m2 (-0.4%), respectively.

In terms of apartment size, three- or more-bedroom homes grew 1.2% less expensive, with price down at 68,142 RUR per m2. One-bedroom apartments are on offer for 65,298 RUR per m2 (-0.9%), two-bedroom ones for 65,999 RUR per m2 (-0.6%), and studio apartments for 71,319 RUR per m2 (-0.5%).


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