Tashkent Housing Report, November 2008
Outdated Report Warning
Current page represents outdated data! It is here for reference only. Cumulative up-to-date report can be found at http://www.uzre.uz/latest.html. You may also find this report by visiting the home page
Tashkent Housing Report as of November 30, 2008 is a snapshot of apartment average prices in Tashkent. However, over time, this will build up a comparative analysis. Well organized data is self-explanatory,leaving space for the reader to build individual real estate market expectations.
The periodical is based on a study of 238 apartments in Tashkent, collected throughout November of 2008 from available sale offers. The data from the report is deployed in an article accompanying the periodical. The reader may proceed reading the article to be exposed to the author's view or download the report.
Such a catchy commercial will drive you to Zone 1 where average prices of two-room and one room apartments do not differ substantially. Relatively low marginal price of two and three room apartments makes them prone to prevail in consumer preference in the short run.
| 1-room | 2-room | 3-room | 4-room | |
| Marginal price | - | $3,666 | $30,666 | $36,166 |
Prices of one room apartments in Zone 1 have almost equaled with the average price of two room apartments in the same zone. By adding a bit over $3,500 a two room apartment may become available. This is likely to induce a shift towards 2-room apartments, causing a decline in one room apartment prices. Such an average price pattern is less likely to hold for a long time, as people prefer multiroom apartments.For info on average price analysis in Zone 1, see to the table below:
| Number of rooms | Lower limit | Upper limit |
| 1-room | $31,945.49 | $57,054.51 |
| 2-room | $38,079.42 | $58,253.91 |
| 3-room | $61,469.00 | $96,197.67 |
| 4-room | $91,477.83 | $138,522.17 |
| 1-room | 2-room | 3-room | 4-room | |
| Marginal price | - | $16,928 | $24,105 | $18,562 |
Differ to 1-room, 2-room and 3-room apartments, average price deviation of 4-room apartments in this zone is the largest-$28,891, which is accounted for by mixed offers of newly built apartments for upper income families and secondary market operations. Average price of 4-room apartments ranges from $55,537.51 to $113,319.63. This can as well be an indicative of heavy concentration of construction companies offering a variety of new apartments.
| Number of rooms | Lower limit | Upper limit |
| 1-room | $19,994.13 | $29,672.53 |
| 2-room | $36,645.29 | $46,876.45 |
| 3-room | $58,238.16 | $73,495.18 |
| 4-room | $55,537.51 | $113,319.63 |
| 1-room | 2-room | 3-room | 4-room | |
| Marginal price | - | $8,682 | $11,742 | $16,302 |
Price ranges of apartments in Zone 3 are relatively evenly distributed. Average price of 1-room apartments in Zone 3 is 24% lower than in Zone 2, and that of 4-room in Zone 3 is 49% lower than in Zone 2.| Number of rooms | Lower limit | Upper limit |
| 1-room | $18,192.26 | $21,555.36 |
| 2-room | $27,088.22 | $30,023.90 |
| 3-room | $36,744.46 | $43,850.78 |
| 4-room | $50,141.10 | $63,058.90 |
Disclaimer
The information provided in this website is offered for general purposes only; In no way are any of the materials presented meant to be a substitute for a precise estimate by a qualified appraiser. Reports are presented with a certain confidence level, while we endeavor to keep the information up to date and correct we make no representations or warranties of any kind.
Market summary
| # 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 % |