Yekaterinburg: Existing Homes Prices Go Up 0.9%

UrBC, Yekaterinburg, March 5, 2018. Prices went up by 0.9% on Yekaterinburg’s existing home prices compared with the beginning of the year, Ural Chamber of Real Estate’s analytical report states.

Existing home prices rose by 0.3% in Yekaterinburg in the last twelve months. However, the average figures are down 11.5% against February 2015.

Asking prices currently come to RUR 67,855 per m2 on average.

In general, prices haven’t tended to decline this year so far, regardless of the housing type. Studio apartments grew 1.1% more expensive in the first two months of the year, with asking price at RUR 71,997 per m2 on average (compared with RUR 71,180 last December). One-bedroom homes grew 1.2% more expensive, with asking price at RUR 66,371 per m2 on average. The asking price of two-bedroom apartments has remained virtually the same: RUR 66,704 per m2 in December 2017 and RUR 66,894 in early March 2018 (+0.3%). Bigger homes grew 0.8% more expensive, with asking price up from RUR 70,003 per m2 to RUR 70,550 per m2.

The market supply hasn’t recovered after the New Year break so far. There are currently some 8,900 apartments and 1,700 rooms in communal apartments on offer in the Chamber’s database; it still takes about four months to sell a place.

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