Thursday, December 14, 2017

Yekaterinburg rental market prices fall

Rental prices in Yekaterinburg continue to fall, the Ural Chamber of Real Estate recently announced.

“According to the chamber’s database, the rental prices have been going down lately,” Guram Tukhashvili, from the chamber's Analytic Center, said. “As early as two years ago, the median monthly rent came to 33,000 RUR [$519.48 US] and now it only stands at about 22,000 RUR [$346.33 US]. Quite a few new apartment buildings are put up in Yekaterinburg every year, so the supply is increasingly on the rise."

Ural Business Consulting recently reported that the city of Yekaterinburg hasn’t experienced a shortage of rental properties for some time.

Chamber officials attribute the gradual fall in the city’s demand for rental properties to more families buying their own homes instead of renting.

Organizations in this story

Ural Business Consulting Yekaterinburg, Sverdlovsk Oblast

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