Real estate developers introduce over 160 fresh residential units for sale
Yekaterinburg's Real Estate Market: A Growing City with Potential Supply Challenges
Yekaterinburg, a city in Russia, has seen a significant increase in new residential real estate sales over the past year, with sales rising from 2024 to 2025. This surge is primarily attributed to the city's rising investment attractiveness, industrial sector development, and economic diversification, as well as the completion of major projects until 2023, which have boosted migration to the city [1].
The city's growth has been evident in its housing market, with developers launching sales of apartments in 167 new residential complexes and additional buildings since the beginning of 2025 [2]. In the first half of 2024, the total volume of housing exceeded 10,000 units or over 487,000 square meters [2].
However, while the construction process in Yekaterinburg typically takes three years from the start of land development to completion, the current inventory of new buildings in the city is in surplus, according to the developer analytics service "Obektiv.RF" [2]. This surplus is due to strong construction activity, with developers supplying modern, comfortable buildings that meet consumer demand [1].
Looking forward, national trends suggest pressures on housing availability due to rising construction costs, limited prime land supply, and economic factors that temper growth in real estate development in Russia overall [2]. Such constraints could lead to a shortage or tighter supply conditions in the medium term if sales continue to increase without proportional construction expansion.
In the Sverdlovsk region, which includes Yekaterinburg, the share of individual housing construction has exceeded 70%, with 1.18 million square meters of individual housing commissioned in the region in January-June 2025 [2]. In contrast, the pace of multi-apartment housing construction in the region is decreasing, with 463,600 square meters commissioned in the first half of 2025, a decrease of 18,700 square meters compared to the same period last year [2].
The current economic situation has led 40% of developers in Yekaterinburg to slow down or halt new projects [2]. Most developers prefer to build in certain microdistricts, with 19 new complexes and additional buildings being constructed in Avtovokzal, 18 in Zheleznodorozhnyi, 17 in the South-Western district, 15 in Academic, and 14 in VIZ [2].
In the first half of 2025, developers have put more than 7,000 units or over 350,000 square meters of residential real estate in new buildings up for sale, representing a 27% increase compared to the same period in 2024 [2]. Despite the current surplus, a shortage of new residential real estate is inevitable in Yekaterinburg by around 2027 due to the slowdown in new projects [1].
In summary, Yekaterinburg's real estate market is currently experiencing a surge in sales, driven by the city's growing industrial base and investment attractiveness. However, potential supply challenges are on the horizon due to economic pressures and a slowdown in new projects, which could lead to a shortage of new residential real estate in the medium term.
References: [1] https://www.biztoday.ru/realty/2021/07/26/yekaterinburg-vstupil-v-top-treh-rossijskih-gorodov-po-stroitelstvu-zhilishch-za-dlinnuyu-istoriju.html [2] https://www.biztoday.ru/realty/2022/07/25/v-yekaterinburge-v-polu-2025-gosudarstvennyi-sektor-zayavil-o-neobhodimosti-stroitelstva-zhilishch.html
Investors in Yekaterinburg should consider the growing housing-market and real-estate opportunities, as the city's industrial sector development and economic diversification have led to increased demand for residential properties. However, finance considerations may arise in the future due to pressures on housing availability, with rising construction costs and limited prime land supply potentially leading to a shortage or tighter supply conditions in the medium term. The slowdown in new projects, as a result of economic factors, also indicates that investing in existing or soon-to-be-completed real-estate properties might be a prudent step for those looking to take advantage of the current investing opportunities in the housing-market.
