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Trade turnover of Uzbek Real Estate Exchange increased by 1.25 times in 2010

Business Materials 17 January 2011 18:07
Real Estate Exchange closed joint stock company (Uzbekistan) sold over 9,500 objects for total sum of 199.054 billion soums in twelve months of 2010. The growth of sales rose 1.25 times year-on-year in 2010.
Trade turnover of Uzbek Real Estate Exchange increased by 1.25 times in 2010

Uzbekistan, Tashkent, Jan.17 / Trend, D.Azizov /

Real Estate Exchange closed joint stock company (Uzbekistan) sold over 9,500 objects for total sum of 199.054 billion soums in twelve months of 2010. The growth of sales rose 1.25 times year-on-year in 2010.

In the reporting period, 2,589 units of state property for 2.454 billion soums were transferred to private ownership. The growth rate on sum made up 35.5 percent and number of objects - 31.5 percent. In it turn, 2,574 objects of them were land areas and other 15 objects, which were included to privatization programme.

In the secondary market, the exchange sold 6,900 objects of private property for 196.5 billion soums, which made up 99 percent of total sales volume. Analysis showed that businesses mainly expressed interest in production, administrative, habitation and other property in 2010.

Real Estate Exchange renders services on realization of property of budget organizations and state enterprises on current market prices to implement the resolution of the government. The exchange realized 164 such objects for 622.04 million soums in 2010. The exchange sold over 1,020 real estate objects and automobiles, put for sale by court officers, through auction for 12.6 billion soums in 2010.

CJSC Real Estate Exchange was founded in 1994. Some 297 broker offices are members of the Exchange.

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