How many ounces of gold does it take to buy the average apartment in Tashkent? Or, How much do we pay in real terms?
| Value | Month-to-date | Year-to-date | |
|---|---|---|---|
| GRIT | 24.07 | -2.81% | -19.04% |
In computing Golden Index the following is conducted:
Gold data source: usagold.com
Fiat money represents nominal values of real estate. Thus, by merely tracking ups and downs of nominal prices, one cannot state whether we pay more or less in real terms.
To break away with nominal price of real estate and present it in real terms, we need to match it with an object that is not susceptible to, and serves as a cushion against unsound monetary policy.
| # rooms | Price | Change |
|---|---|---|
| 1-room | $ 17,267 | 3.35 % |
| 2-room | $ 25,691 | -0.57 % |
| 3-room | $ 35,487 | 0.83 % |
| 4-room | $ 40,593 | -0.62 % |
Readers' Comments (5 comments)
A remarkable website and outstanding resource for both households and real estate professionals in Tashkent. It could very well set the standard.
This index - a reliable source of information for property investors and realtors, a guide for home buyers and a source of sample data for researchers like me - is as valuable as gold itself.
Precious metals, such as gold and silver, acted as a reliable store of wealth for thousands of years and considered to be a highly liquid asset. Gold is traditionally seen as a hedge against inflation. The loss of value in holding cash is clear in every world currency. Even though, on average in nominal prices real estate outperformed gold for the last 70 years, yet still gold provides better pricing rather then nominal pricing in fiat currency.
Useful information for households and brokers.
Excellent example of individual effort that makes for a great housing report. Well on its way to becoming a preferred source to consult with for buyers, sellers, and industry professionals.