Monday, August 21, 2017

Yekaterinburg home prices stabilize

An October housing report from Ural Chamber of Real Estate, released on Monday, shows that home prices in Yekaterinburg have leveled off.

As of Nov. 3, the average Yekaterinburg apartment cost $1,623 per each 3 feet of space. This represents an 0.4 percent decrease in price over the previous four weeks. Overall, the housing market has not grown by more than 3.8 percent since the beginning of 2014. 

Yekaterinburg's inventory of housing available for purchase reached a six-year high in October with almost 10,100 apartments for sale, which is 37 percent more than available in late March 2014.

More than 1,750 rooms in communal apartments were also available, which is 27 percent more than listed in the Ural Chamber of Real Estate's database in late March.  

Another figure that remains high is the new home market supply with approximately 9-feet worth of apartment buildings being built this year. 

Organizations in this story

Ural Business Consulting Yekaterinburg, Sverdlovsk Oblast

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