Monday, June 18, 2018

Housing costs in Yekaterinburg continue to gradually increase

The Ural Chamber of Real Estate's Analytics Department reported that housing prices in Yekaterinburg have increased 8.4 percent since the beginning of 2012.

The figure represents a gradual and steady 0.2 percent weekly growth. As of November 12, the median price of a home in the capital city is $2,183 per square meter, Ural Business Consulting reports.

Additionally, the number of homes for sale has increased five percent since September. Customers now enjoy 38 percent more units, or 2,000 homes, from which to choose than they did at the beginning of the year. The department said that fall is typically the busiest time for real estate purchases.

Homes for sale now fetch higher prices than they did at the beginning of the year. In the last month, one-bedroom apartments went up 0.9 percent in value. Studios became 0.6 percent more expensive while two-bedroom apartments and larger homes rose 0.5 percent, according to Ural Business Consulting.