Saturday, August 19, 2017

Yekaterinburg housing market sees 10 percent dip

The Yekaterinburg housing market has seen a decrease of 10 percent in buying activity compared to a year earlier, with experts saying the market is beginning to cool.

Additionally, sellers have grown more active in the industry, with supply rising by an average of two percent per week, Ural Business Consulting reports.

The Ural Real Estate Chamber has increased its "For Sale" database by 19 percent since January, meaning supply rose from 6,800 to 8,100 apartments, giving customers 1,300 more apartments to choose from.

The prices on the existing homes market are now growing more slowly, as a result. The chamber said that the trend will only increase in its noticeability. It is also expected that the market will grow stable within the next six months and that prices will change a little in certain market segments, according to Ural Business Consulting.