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Yekaterinburg: Existing Home Prices Down 3.4%

UrBC, Yekaterinburg, March 14, 2017. The average asking price currently comes to 67,490 RUR per m2 on Yekaterinburg existing home market; the figure went down by 0.6% in the last four months and by 3.4% compared with one year earlier, Ural Real Estate Chamber reports.

Prices have been declining in all locations: centrally located apartments grew 0.8% less expensive in the last four weeks and can now be had for 95,157 RUR per m2 on average. Near-downtown locations grew 0.6% less expensive, down to 72,298 RUR per m2. Prices in the city’s third and fourth most expensive districts dropped by 0.3%, down to 61,701 RUR per m2 and down to 56,784 RUR per m2, respectively. The only segment where housing prices actually rose by 0.7% was on the outskirts of Yekaterinburg, where the current asking price comes to 49,105 RUR per m2.

In terms of housing type, prices declined most noticeably for apartments located in buildings dating back to the seventies and the eighties, where the average asking price dropped by 0.7%, down to 58,975 RUR and 63,896 RUR per m2, respectively. Homes in buildings put up in the fifties and the sixties grew 0.5% less expensive, down to 60,112 RUR per m2. Apartments in modern buildings are offered for 76,553 RUR per m2, which is 0.3% less than in early February.
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