House prices fall by 0.8 percent in Tashkent
Tashkent, Uzbekistan, Feb. 1 / Trend D. Azizov /
Average house prices in Tashkent were $527 per square meter in January, a drop of 0.8 percent from December but 3.9 percent higher than in January 2011, according to the real estate analytical center Sion Research.
According to a Sion Group poll, the average discount given in purchase-sale contracts in January was 5-6 percent compared to 3-4 percent in December, while the average real price on housing sales in January hit approximately $498 per square meter (compared to $515 in December).
The average bid price in cheaper housing in January amounted to $328 per square meter (compared to $330 in December), while in the higher price category it reached $996 (down from $1,011).
The average size of apartments on the market for the first month of the year was 70 square meters compared to 71 in December, while the average bid price for the apartment sector was about $36,900 (down from $37,700 in December).
Nearly 67 percent of all offers on the property market in January related to apartments ranging from 40 to 80 square meters.
Most of those (22.6) related to apartments with an area of 70-80 square meters. The supply of apartments with an area of 60 - 69 square meters was 18.1 percent. For 50 - 59 square meters it was 14.8 percent and for 40 - 49 square meters it was 11.2 percent.
Apartments covering 100 square meters or more accounted for 18.8 percent of the total market.
More than 67 percent of apartments sold in January were two-and three-room apartments, followed by one- and four-room apartments. Larger apartments with more than five rooms accounted for 2.8 percent compared to 3.3 percent in December.
The average bid price on apartments in brick houses remained unchanged at $571 per square meter compared to $572 in December.