Supply on existing home market to go up by 5% to 10%, claims Ural Chamber of Real Estate

‘The supply on existing home market of Yekaterinburg is going to increase by 5% to 10% in the nearest future,’ says the spokesperson for the Analytical Department of Ural Chamber of Real Estate. Their experts say that despite the increasing amount of all kinds of housing becoming available, the situation on the market is still close to fuss; yet there are some goods trends as well, for example, it is now possible to take more time (on average) to sell or buy a dwelling (the figure dropped from 35 to 40 days in the summer to 45 days in October 2006).

‘Most likely, the pace at which the prices go up will go down to 5% to 8% per month, with the possible steadying of prices in the first quarter of 2007,’ the spokesperson reports.

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