UZRE.uz

Already grabbed your cash bag? Contemplating where to buy an apartment in Tashkent? Or may be how much might your apartment be worthy? Whichever you have in mind, knowledge of appraisal will come handy.

In this article you will be guided on how best to employ monthly reports for appraisal of your apartment with insight into statistical tools applied at UZRE.uz. By no means consider this as pinpointing your apartment’s price, as UZRE.uz is all about descriptive statistics.

Not long ago, price per sq.m and price of an apartment were correlated, so that any change in the former would account for an almost identical effect in the price of an apartment.

Eventual changes in construction, extension of living spaces, implementation of better standards and myriads of other factors have downgraded price per sq.m to a secondary factor, as now our living space is not confined to a certain construction standard. Thus, lots of factors now interact boosting possible combination of an apartment’s worth. Regardless the factors we have, and will have, the bottom line we seek is the PRICE. In fact people use, most natural way to estimate their own keeps - Sales Comparison Method.

Monthly reports published at UZRE.uz gives you necessary updates and relevant data, so you could accomplish comparison of apartments. The best way to do it using reports, is:

1. locating the number of rooms you are interested in;

2. finding a simiilar table as below:

Depending on number of rooms under consideration, and its location (Zone 1, Zone 2 and Zone 3) you might look into relevant column and find corresponding Upper and Lower limits and there you go!!!

Yet this is not to supersede appraisal services available to you. In fact you are advised to hire an appraiser, should you want the most precise valuation.