Tashkent Housing Report, October 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Outdated Report Warning

Current page represents outdated data!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

Average prices of apartments in October fell marginally. Yet, the most expensive zone defied the price drop. In fact, 1-4 room apartments in Zone 1 rose unanimously.

Price per sq. m of 1-4 room apartments did not differ considerably. In fact, you would be charged equally regardless of number of rooms of an apartment, which cannot be asserted according to divisional observation.

1-ROOM APARTMENTS

1-room apartments dropped in price by 6.23%, though average price range increased, which can be accounted for by an increased volatility. Price per sq. m in the secondary market of 1-room apartments ranged from $505 to $562 in Tashkent. In Zone 1, the range constituted $642 - $798 with a 95% confidence, exceeding that of Zone 3 by 53%.

Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
$17,712.40	$25,699.64	$6,198.10	$21,706.02	-6.23%	-27.00%

Zone	Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
I	$28,883.30	$34,016.70	$5,484.20	$31,450.00	8.57%	-10.78%
II	$21,304.60	$25,080.00	$4,673.50	$23,192.30	-4.51%	11.77%
III	$15,338.20	$16,126.90	$2,263.60	$15,732.60	-2.83%	-17.53%

2-ROOM APARTMENTS

Average price of 2-room apartments marginally decreased by 1.77% in October. Most frequently offered prices for this certain market shifted leftwards as can be seen in the histogram below. As for price per sq. m, 2-room apartments did not look distinct among other types of apartments, having average range between $488 - $539

Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
$26,176.40	$35,985.44	$8,883.60	$31,080.92	-1.77%	-21.30%

Zone	Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
I	$36,913.30	$43,164.00	$10,279.70	$40,038.60	1.69%	-13.10%
II	$30,890.50	$34,681.00	$6,081.90	$32,785.70	0.80%	-19.59%
III	$22,258.40	$23,445.50	$4,046.70	$22,851.90	-0.77%	-20.61%

3-ROOM APARTMENTS

Average price level reduced 1.67%. Most frequently offered prices of 3-room apartments in Tashkent remain almost unchanged. Average price per sq. m of 3-room apartments in Tashkent deviates between $523 - $591.

Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
$37,391.60	$49,564.54	$14,802.60	$43,478.07	-1.67%	-29.49%

Zone	Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
I	$55,619.70	$63,200.30	$13,337.00	$59,410.00	5.75%	-25.62%
II	$38,835.40	$44,310.90	$8,673.60	$41,573.20	-10.39%	-27.01%
III	$29,707.30	$32,286.60	$7,460.90	$30,996.90	3.05%	-24.17%

4-ROOM APARTMENTS

Average price of 4-room apartments decreased the least and the standard deviation increased, which could imply dispersed price allocation of 4-room apartments. Average price deviation of 4-room apartments per sq. m constituted $520 - $620.

Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
$47,846.20	$55,977.30	$18,848.60	$51,911.80	-0.96%	-39.17%

Zone	Lower limit	Upper limit	Stdv	Mean	Change (%)	YTD (%)
I	$66,346.10	$81,253.90	$13,460.00	$73,800.00	18.19%	-39.62%
II	$57,090.00	$68,448.50	$14,060.70	$62,769.20	9.22%	-23.45%
III	$35,237.50	$40,830.60	$9,198.30	$38,034.10	1.88%	-21.62%

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.

Readers' Comments (no comments)

No comments were posted yet. Be the first to comment

# 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 %

UZRE.uz