Yekaterinburg Among Russia’s Top 10 Most Expensive Cities to Buy New Home

UrBC, Yekaterinburg, September 22, 2017. Yekaterinburg came seventh in the rating of Russia’s fifty largest cities in terms of new home prices in August 2017, domofond.ru reports.

Just like one year earlier, Moscow was predictably No.1, followed by towns in Moscow Region, Saint Petersburg, and cities in the Volga Region and the South of Russia. In Moscow, the average price of a new home rose by 1.6% in the course of one year, from RUR 222,900 per m2 in August 2016 to RUR 226,400 in August 2017.

Saint Petersburg was second on the list, with the average per-square-meter price of a new home rising from RUR 103,000 to RUR 105,000.

Sochi was No.3, a step up from the fourth position in the rating one year earlier. The average price of a new home in the Olympics 2014 capital now comes to RUR 82,600 per m2 on average.

Balashikha, Ufa, Nizhniy Novgorod, Kazan, and Yekaterinburg were all among the top ten cities in the rating. In Yekaterinburg, the average price of a new home declined from RUR 71,000 to RUR 67,300 per m2.

Cities in Central District, Volga District, and North Caucasian District came last in the rating.


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