Tashkent Housing Report, December 2008

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Current page represents outdated data!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

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Tashkent Housing Report as of December 31, 2008 is based on a study of 474 available for sale apartments in Tashkent.

As a logical continuation and an add-on to November report this periodical constitutes average price deviation analysis (APD) and a comparative average price analysis in charts.

This periodical is partially deployed in author's article. However, for more detailed info you may downloadthe report and read the article.
For a recap, in November, 2008, most expensive apartment types were 1-room and 4-room. Relatively, lower marginal prices of 2 and 3-room apartments in Tashkent lubricated more attention to them. As a result, by the end of December, 2008 prices of 1 and 4-room apartments fell, whereas that of 2 and 3-room apartments rose.

1-ROOM APARTMENTS

1_room_chart.jpg

Average price of 1-room apartments in Tashkent, as you can see in the picture to the right, declined on average over $1,500. Such a decline is characterized as a gross effect of reduced prices of 1-room apartments in all three zones. In zone 1, average price decreased by 7.4%, similar decline can be observed in zone 2 by 7.2%, and finally in zone 3 the average price lessened by 5.4%. The average price deviation (APD) of 1-room apartments in zone 1 narrowed by about $3,000, zone 2 by $5,800 and in zone 3 by $1,300, which is an indicative of market normalization.

Number of roomsLower limitUpper limit
Zone 1$30,034.63$52,365.37
Zone 2$21,105.96$24,984.94
Zone 3$17,765.26$19,826.16

For more info, you may download December, 2008 report.

2-ROOM APARTMENTS

2_room_chart.jpgAverage price of 2-room apartments in Tashkent rose by 4.1% in December, 2008. Such an increase was a matter of lowest marginal price in all three zones in November, 2008. Prices of 2-room apartments in December, 2008 rose unanimously in all zones. The average price deviation of 2-room apartments in zone 1 decreased by a bit over $7,000, in zone 2 similar trend was observed with about $1,000 decline, in zone 3 the cut in APD was inconsiderable, which is due to existing more even price allocation in zone 3.
Number of roomsLower limitUpper limit
Zone 1$42,165.31$54,624.16
Zone 2$38,995.49$48,297.19
Zone 3$27,736.19$30,580.61

For more info, you may download December, 2008 report.

3-ROOM APARTMENTS

3_room_chart.jpgAverage price of 3-room apartments in zone 3 increased by 11.6%. In zone 1 average price increased by 7.3%, in zone 2 a decrease by 6.4% was observed, and AP in zone 3 rose 3.2%. APD in zone 1 decreased $11,400, in zone 2 APD narrowed by almost $5,000. APD in zone 3 contracted by about $1,200. The trend of contracting range of APD implies more equal price distribution in December as compared to November, 2008.
 
Number of roomsLower limitUpper limit
Zone 1$72,874.17$96,250.83
Zone 2$56,508.21$66,852.90
Zone 3$38,607.40$44,559.69

For more info, you may download December, 2008 report

4-ROOM APARTMENTS

4_room_chart.jpgAverage price of 4-room apartments declined 6.2% in December, 2008. In zone 1 AP increased by 1.2%, that of in zone 2 decreased 8.5%. In zone 3 and 4-room apartments were exposed to a considerable diminishing by 11.4%. APD in zone 1 decreased $13,300 in December 2008, and that of in zone 2 declined $28,100. APD in zone 3 lessened by about $3,000.
Number of roomsLower limitUpper limit
Zone 1$99,513.67$133,255.56
Zone 2$62,386.35$92,113.65
Zone 3$45,149.56$55,173.02

For more info, you may download December, 2008 report

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.

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Market summary

# roomsPriceChange
1-room$ 18,241 -1.07 %
2-room$ 24,5100.19 %
3-room$ 35,571-2.90 %
4-room$ 44,2995.69 %