Sales on Sverdlovsk Region new homes market drop by a third

UrBC, Yekaterinburg, January 22, 2016. It is reported preliminarily that housing sales decreased by 25% to 27% in Sverdlovsk Region last year, the constituency’s Construction & Infrastructure Development Minister Sergei Bidonko said at a press conference. ‘As the customers’ paying capacity deteriorated, sales dropped. Given last year’s economic circumstances, the initial decline was estimated at 40% but turned out to be less than this by the end of the year,’ he said. In the meantime, housing prices keep going down: Bidonko said in some cased the decrease reached 12% to 17%. Still, this

August 12, 2014. According to the forecast provided by Ural Chamber of Real Estate, sales might drop by 10% by the end of 2014. These data are provided in the report by head of the Chamber’s Analytical Department Mikhail Khorkov. The report also states that competition might grow more intense on the new and existing homes market, while the customer activity might be on the decrease. Given that the demand has not been growing lately, whereas sales have been on the rise, prices might change again in the future. It is also expected that new real estate market segments will emerge and develop,

UrBC, Yekaterinburg, December 10, 2015. New homes currently under construction in Yekaterinburg amount to 2.496m m2 altogether, which is 12.6% less than in the last quarter of 2014, Ural Real Estate Chamber reports. Economy class homes amount to 1.368m m2 all in all (down 26% on a year earlier), comfort plus homes amount to 1.063m m2 (+15%), business class homes amount to 21,000 m2 (+126%), and elite homes amount to 15,000 m2 (the same as last year). The chamber’s analysts feel the decrease in the overall amount of new housing has to do with the customers’ deteriorating paying capacity and

July 30, 2013. The prices on the new homes market in Yekaterinburg rose by 6.5% over the last three months. According to the spokesperson for Ural Chamber of Real Estate, this price increase has to do with the fact that the number of finished or nearly finished buildings rose over the given period; besides, certain apartment buildings sold particularly well. ‘As a result, the new homes market split into two groups different in terms of quality. The first group comprises ‘weak’ projects where the pricing policy does not change for four to six months and more regardless of the stage the

UrBC, Yekaterinburg, October 22, 2018. Yekaterinburg’s new home market supply is as large as ever, with over 20,000 apartments currently for sale. New home prices rose by 4.5% in the last nine months, Ural Real Estate Chamber reports. According to the Chamber’s analyst Mikhail Khorkov, there are plenty of interesting housing projects to choose from; the supply structure, however, is now markedly different. At the beginning of the year, for example, there were over 4,000 homes for sale in newly commissioned buildings. In the fall, the number dropped down to 2,400 apartments. The market supply