Tashkent Housing Report, June 2010
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Current page represents outdated data!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
June 2010 housing report covered 939 apartments for sale and 125 rentable apartments in Tashkent.
The real estate market of Tashkent fell in June 2010. Residential Real Estate Index - GRIT dropped 3.86% according to the analysis.
1 and 3-room apartments declined 1% and 3% respectively. 4-room apartments reached its April 2010 price level by mounting 5.7%, while 2-room apartments toddled up by only 0.2%.
The primary share (75%) of 1-room apartments were priced below $20,125; 2-room apartments $27,125; 3-room apartments $42,000 and finally 4-room apartments $55,000.
It should be noted that pricing of apartments were strongly correlated with living space available.
According to regression analysis, over 51% of apartments were priced based on sq.m available.
RENT
According to GRM analysis, it takes on average 9 years of rental fees to buy an average apartment in Tashkent.
| 1-room | 2-room | 3-room | 4-room | |
|---|---|---|---|---|
| GRM | 8.5 years | 8.6 years | 9.3 years | 8.9 years |
Rental fees also dropped. Average rental charge for 1-room apartment fluctuated between 152 -204$, which is higher than 135 -170$, that of 2-room apartments were between 207 - 266$; 3-room apartments 252 - 383$; and 4-room apartments 308 - 522$.
1-ROOM APARTMENTS
| Lower limit | Upper limit | Mean | Change (%) | YTD (%) | Rent fee range* |
|---|---|---|---|---|---|
| $17,423 | $19,060 | $18,241 | -1.07% | -4.18% | 152 -204 $ |
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $26,991 | $30,585 | $28,788 | 5.93% | 1.33 | |
| II | $18,140 | $22,176 | $20,158 | -0.57% | -12.72% | |
| III | $15,039 | $15,862 | $15,451 | -2.73% | -4.72% |
2-ROOM APARTMENTS
| Lower limit | Upper limit | Mean | Change (%) | YTD (%) | Rent fee range* |
|---|---|---|---|---|---|
| $23,733 | $25,286 | $24,510 | 0.19% | -10.22% | 207 -266 $ |
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $33,097 | $37,537 | $35,317 | 1.63% | -10.64% | |
| II | $27,933 | $31,463 | $29,698 | 4.39% | -2.60% | |
| III | $20,961 | $21,931 | $21,446 | -0.52% | -5.73% |
3-ROOM APARTMENTS
| Lower limit | Upper limit | Mean | Change (%) | YTD (%) | Rent fee range* |
|---|---|---|---|---|---|
| $34,270 | $36,872 | $35,571 | -2.90% | -9.18% | 252 -383 $ |
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $48,903 | $54,008 | $51,456 | -3.46% | -5.06% | |
| II | $37,673 | $41,295 | $39,484 | -2.29% | -12.02% | |
| III | $27,558 | $29,056 | $28,307 | -3.45% | -4.21% |
4-ROOM APARTMENTS
| Lower limit | Upper limit | Mean | Change (%) | YTD (%) | Rent fee range* |
|---|---|---|---|---|---|
| $41,680 | $46,918 | $44,299 | 5.69% | -4.71% | 308 - 522 $ |
| Zone | Lower limit | Upper limit | Stdv | Mean | Change (%) | YTD (%) |
|---|---|---|---|---|---|---|
| I | $59,613 | $68,598 | $64,105 | -4.68% | -5.00% | |
| II | $42,344 | $50,334 | $46,339 | 4.95% | -16.15% | |
| III | $34,592 | $38,526 | $36,559 | 4.60% | -2.32% |
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 % |
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