Construction market shift in Ekaterinburg: Impact of non-preferential mortgages on new building developments
**Yekaterinburg Real Estate Market Slows Down in 2025**
In the heart of Russia, Yekaterinburg's primary real estate market has shown a noticeable slowdown in the first half of 2025, according to a new report by RIA "Novyi Den". The city, known for its vibrant economy and bustling residential market, has seen a 40% decrease in the number of deals compared to the same period last year.
One of the key indicators of this slowdown is the share of mortgage sales, which stood at 64% in June. Despite this high percentage, the market has experienced its first year without mass-scale mortgages, a shift that could be linked to the broader economic and geopolitical conditions affecting Russia around 2023-2025.
The volume of offerings still exceeds sales, leading to growing competition among housing sellers. Installment plans remain an important tool for developers but are now used more cautiously. The average price in listings remains at 163,000 rubles per sq.m., while the average deal price is around 157,000 rubles per sq.m.
On June 6, the Central Bank reduced the key rate for the first time in eight months, to 20%, but this did not lead to an expansion of preferential programs or a significant increase in buyer activity. Compared to the first half of 2023, the decrease in deals is 29%, and to 2022, it's only 8%.
In June 2025, around 1,600 shared construction contracts were registered in the primary real estate market of Yekaterinburg, more than in May but not exceeding spring sales figures. The pace of new residential projects entering the market has slowed compared to last year.
It is worth noting that the exact details about Yekaterinburg real estate sales data or mortgage trends for 2023-2025 are not widely reported or readily available. To confirm whether 2025 marked the first year with no mass-scale mortgages in the primary market there, detailed local market data from banks, real estate agencies, and government housing authorities for these years would be necessary.
For those interested in staying updated on the latest developments in Yekaterinburg's real estate market, subscribe to the Dzen and YouTube channels of RIA "Novyi Den". If you have news, photos, or videos to share, contact us at +7 (901) 454-34-42.
This article was written by Angelina Sergeeva.
- The slowdown in Yekaterinburg's real estate market, as seen in the first half of 2025, has led to a increased focus on finance and investments, as potential home buyers and investors may be more cautious due to the economy and geopolitical conditions.
- Despite the slowdown in the housing-market, the share of mortgage sales still remains high at 64%, which could indicate a continuing interest in real-estate purchasing but with a shift towards more conservative financing options.
- In the broader business context, the slowdown in Yekaterinburg's real-estate market may have a ripple effect, affecting developers, construction companies, and other related sectors that depend on the thriving housing-market.
