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Housing prices continue to rise in Uzbekistan's Tashkent

Business Materials 12 February 2018 11:54 (UTC +04:00)

Baku, Azerbaijan, Feb.12

By Nigar Guliyeva – Trend:

The cost of apartments in Tashkent, the capital city of Uzbekistan, increased by two percent in January 2018.

The average bid price in the secondary real estate market of Tashkent in January 2018 was $558 per square meter, compared to $545 a month earlier. This is stated in the review of the evaluation organization CREDO MAX ESTIMATION.

In January, the average price of the offer increased in all 12 districts of Tashkent.

As for the territorial zoning of the city, prices increased in all the zones. In the downtown, that is the zone 1, the average price level of the offer for January was $735 per square meter

In the first round segment (zones 2-4), the price was in the range of $482-$608 and in the second round segment (zones 5-9) - $397 and below.

Depending on the number of rooms, the average prices per square meter were as follows: one-room - $ 558 per square meter (two percent increase), two-room - $ 542 (three percent increase), three-room $ 578 (three percent growth), apartments with four or more rooms - $557 (kept unchanged).

The largest volume of construction work in Uzbekistan in 2017 was recorded in Tashkent - 5.7 trillion soums. Overall, construction works worth 34.1 trillion soums, which is 15.8 percent more than in 2016, was conducted in 2017.

The official exchange rate for Feb.12 is 8186,95 UZS / USD

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