Tashkent Housing Report, January 2009
Outdated Report Warning
Current page represents outdated data!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
| Zone | Room | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|---|
| I | 1 | $21,604.00 | $48,899.60 | $8,578.10 | $35,250.00 | -14.44% | n/a |
| 2 | $38,024.20 | $54,129.60 | $13,325.80 | $46,076.90 | -4.79% | n/a | |
| 3 | $66,436.70 | $93,302.40 | $31,063.40 | $79,869.60 | -5.55% | n/a | |
| 4 | $97,824.00 | $146,620.00 | $31,740.00 | $122,222.00 | 5.02% | n/a | |
| II | 1 | $18,031.80 | $23,468.20 | $3,251.40 | $20,750.00 | -9.96% | n/a |
| 2 | $34,433.10 | $47,116.90 | $13,550.60 | $40,775.00 | -6.58% | n/a | |
| 3 | $51,339.00 | $62,582.20 | $15,854.00 | $56,960.00 | -7.65% | n/a | |
| 4 | $56,166.00 | $107,834.00 | $24,617.10 | $82,000.00 | 6.15% | n/a | |
| III | 1 | $18,165.60 | $19,988.40 | $4,276.50 | $19,077.00 | 1.50% | n/a |
| 2 | $27,646.40 | $29,921.00 | $6,681.20 | $28,783.00 | -1.29% | n/a | |
| 3 | $38,757.90 | $43,000.50 | $11,735.60 | $40,879.20 | -1.69% | n/a | |
| 4 | $44,713.40 | $52,337.90 | $11,760.20 | $48,525.60 | -3.26% | n/a |
The current housing report is based on a study of 497 available-for-sale apartment prices in Tashkent. Differ to previous periodicals, a more statistically revealing approach was rendered on a sample study which makes it more graphically comprehensive as well. As an add-on to previous reports, standard deviation of apartment prices by zones and a table of monthly price changes are included. The report is also available in downloadable form.
1-room apartments
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD(%) | |
|---|---|---|---|---|---|---|
| 1-room | $18,785.50 | $20,945.90 | $5,416.00 | $19,865.70 | -3.76% | n/a |
Three months on end, prices of 1-room apartments have been showing a stable decline. Such a pattern resembles price normalization in the market and is repeated in the segment of 2, 3 and 4-room apartments. Most frequently occurring sale offers of 1-room apartments are priced between $15,000 and $25,000. However, strongly skewed state of the histogram implies further price normalization in the market.
If we look at divisional study of 1-room apartments, zone 1 and zone 2 have experienced a decrease in prices 14.4% and 9.96% respectively, though zone 3 defies the general downward trend with 1.50% increase in average price in January 2009.
2-room apartments
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD(%) | |
|---|---|---|---|---|---|---|
| 2-room | $30,009.00 | $33,089.90 | $10,113.00 | $31,549.40 | -8.14% | n/a |
Average price of 2-room apartments by the end of January 2009 sloped downwards and decreased by 8.14% compared to December 2008, following the general downward trend in January.
Such a decrease was unanimously contributed price decrease in all three zones as can be seen in the table below. One can tell the most frequently occurring sale offers of 2-room apartments visually from the histogram below, which range between $20,000 and $40,000.
3-room apartments
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD(%) | |
|---|---|---|---|---|---|---|
| 3-room | $45,857.40 | $52,122.10 | $21,055.50 | $48,989.80 | -12.30% | n/a |
The highest drop in average price was observed in 3-room apartments, where the average price decreased to $49, 000 from $56,000 in December 2008. 
4-room apartments
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD(%) | |
|---|---|---|---|---|---|---|
| 4-room | $55,489.00 | $73,566.50 | $33,115.40 | $64,527.80 | -9.55% | n/a |
4-room apartments copying downward trend of 1-room apartments throughout three months, have showed 9.55% fall in average price compared to December 2008. 
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 | $ 18,241 | -1.07 % |
| 2-room | $ 24,510 | 0.19 % |
| 3-room | $ 35,571 | -2.90 % |
| 4-room | $ 44,299 | 5.69 % |
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