Tashkent Housing Report, April 2009
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Apartments prices in Tashkent fell relatively less in April 2009. 2-room and 3-room apartments defied considerable price cut. In our sample study 2-room apartments in Tashkent declined a bit over 2%, and the highest year-to-date change is attributed to 4-room apartments, prices of which cut by almost 40%.
By investigating zonal price changes, one may notice that apartment prices in Zone 2 declined the least. In fact, 1 and 2-room apartment prices even increased.
1-ROOM APARTMENTS
Average price range of 1-room apartments in Tashkent have slightly shifted downwards for as much as $1000. Thus, if you are hunting in the secondary market of 1-room apartments try cutting a deal within a reasonable range of $13,014 to $15,105. Earmarked more? Good news, check out if you can afford 1-room apartments in more expensive zones of Tashkent.
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|
| $13,014.70 | $15,105.70 | $5,808.50 | $18948.34 | -26.55% | -24.28% |
Divisional study of 1-room apartments, shows descending average price ranges in all zones. Lower limit and Upper limit of Zone 1 experience the largest decrease from $24,200 - $36,113 to $21,490-$29,209.
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $21,490.10 | $29,209.90 | $5,395.70 | $25,350.00 | -15.94% | -28.09% |
| II | $16,791.70 | $22,708.30 | $5,948.90 | $19,750.00 | 0.42% | -4.82% |
| III | $11,126.70 | $12,363.30 | $3,002.20 | $11,745.00 | -16.44% | -38.43% |
2-ROOM APARTMENTS
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|
| $22,178.80 | $24,842.10 | $10,450.20 | $29565.89 | -2.27% | -23.30% |
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $35,045.30 | $41,877.80 | $8,458.00 | $38,461.50 | -3.41% | -16.53% |
| II | $29,496.50 | $35,217.80 | $10,682.10 | $32,357.10 | 7.00% | -20.64% |
| III | $17,216.70 | $18,541.30 | $4,201.20 | $17,879.00 | -13.59% | -37.88% |
3-ROOM APARTMENTS
Since December 2008, 3-room apartments’ average price cut was the least, constituting 5.86%. If you look at zones, you may notice that 3-room apartments prices are more normally distributed in Zone 3, having the least standard deviation.
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|
| $34,895.90 | $39,325.30 | $16,552.20 | $42653.58 | -5.86% | -27.99% |
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $52,633.00 | $63,617.00 | $18,064.20 | $58,125.00 | -3.49% | -27.23% |
| II | $39,941.10 | $45,255.00 | $9,446.70 | $42,598.00 | -8.25% | -25.21% |
| III | $25,796.20 | $28,679.20 | $8,042.60 | $27,237.70 | -6.94% | -33.37% |
4-ROOM APARTMENTS
4-room apartments followed the general pattern of price falls and decreased by almost 11% as compared with March. Year-to-date change constitutes about 38% (the largest YTD change).
| Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|
| $43,398.60 | $53,301.40 | $20,765.80 | $52277.38 | -10.83% | -37.95% |
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $63,041.80 | $78,908.20 | $16,950.80 | $70,975.00 | -14.57% | -41.93% |
| II | $45,627.20 | $58,372.80 | $11,507.80 | $52,000.00 | -2.41% | -36.59% |
| III | $29,839.10 | $37,875.20 | $11,696.90 | $33,857.10 | -14.34% | -30.23% |
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 % |