Existing home prices keep going down in Yekaterinburg
3 October 2007 (11:48)
On average, one square meter of a Yekaterinburg-based dwelling cost 65,398 RUR on October 2, 2007. This was .4% less expensive than four weeks earlier. Besides, no price increases were recorded in any particular districts. Dwellings became .2% less expensive in the center of the city, with the average price coming to 81,020 RUR per square meter. Prices went down by .3% in Avtovokzal, VIZ, Parkoviy, Yugo-Zapadniy, Botanicheskiy, Zarechniy, Vtuzgorodok, Shartashskiy, Yuzhniy, ZhBI, Pionerskiy, and Vokzalniy districts and came to 69,041 RUR per square meter.
As for Siniye Kamni, Uralmash, Elmash, Novaya Sortirovka, Zavokzalniy, Sibirskiy, Shirokaya Rechka, and Uktus, prices dropped by 1.3% and reached 59,225 RUR per square meter on average. A square meter of housing now costs 57,344 RUR (.3% less than four weeks earlier) in Shinniy, Chermet, Apparatniy, Staraya Sortirovka, Khimmash, and Lechebniy.
Housing in places like Shartash, Isoplit, Koltsovo, Ptitsefabrika, Nizhne-Isetskiy, Sem Klyuchey, Rudniy, Istok, Verkhnemakarovo, Pyshma, Sadoviy, Shabrovskiy, Palkino, Shuvakish, Medniy, Chusovskoye Lake and Sovkhoz (the outskirts of Yekaterinburg) went 1% less expensive and is now available at 50,640 RUR per square meter.
The existing home market supply has been going up stably but very slowly by 3% a month at the most. Prices are not likely to grow in the near future and the volume of supply is expected to gradually go down.
As for Siniye Kamni, Uralmash, Elmash, Novaya Sortirovka, Zavokzalniy, Sibirskiy, Shirokaya Rechka, and Uktus, prices dropped by 1.3% and reached 59,225 RUR per square meter on average. A square meter of housing now costs 57,344 RUR (.3% less than four weeks earlier) in Shinniy, Chermet, Apparatniy, Staraya Sortirovka, Khimmash, and Lechebniy.
Housing in places like Shartash, Isoplit, Koltsovo, Ptitsefabrika, Nizhne-Isetskiy, Sem Klyuchey, Rudniy, Istok, Verkhnemakarovo, Pyshma, Sadoviy, Shabrovskiy, Palkino, Shuvakish, Medniy, Chusovskoye Lake and Sovkhoz (the outskirts of Yekaterinburg) went 1% less expensive and is now available at 50,640 RUR per square meter.
The existing home market supply has been going up stably but very slowly by 3% a month at the most. Prices are not likely to grow in the near future and the volume of supply is expected to gradually go down.
Embed to Blog | Subscribe to Newsletter |
Other materials on the topic::
- Existing home prices in Yekaterinburg come to 67,055 RUR per square meter on April 24, 2007
- Existing home prices in center of Yekaterinburg go up 2.01% over last month
- Existing home prices in center of Yekaterinburg go up 4.39% over last month
- Average price of existing homes per square meter downtown goes up 4.8% over one month
- Existing home sales hit the average of 70,000 RUR per square meter in the center of Yekaterinburg