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11.12.2008 15:55 #KASE news

Official statistics, housing prices decrease in Kazakhstan in November, on primary market - 0.6 %, on secondary market - 0.9 %

/IRBIS, Vitaliy Kim, December 11, 08/ - Below is a table of dynamics of supply prices (sale) on housing in November 2008 that is compiled by IRBIS agency according to the data of Statistics Agency of the Republic of Kazakhstan (www.stat.kz). The selling prices are given in thousands tenge per one square meter. Trends are specified in percentage related to the last month.

--------------------------------------------------
                 Primary market: Secondary market:
                ---------------- -----------------
Region           Value, trend, %   Value, trend, %
or city         th. KZT           th. KZT
--------------- ------- -------- -------- --------               
Kazakhstan        148.5     -0.6    110.8     -0.9
Astana            196.5        0    190.8        0
Almaty            276.1     -2.4    217.4     -3.1
Aktau             142.2        0    202.2        0
Aktobe            123.0        0    126.4        0
Atyrau            129.8        0    100.0        0
Jezkazgan          56.5        0     64.6        0
Karaganda         129.9        0     68.3        0
Kokshetau         119.1        0     93.3        0
Kostanay          118.7        0    108.6        0
Kyzylorda          73.8        0     72.1        0
Pavlodar          130.0        0     90.1     -2.1
Petropavlovsk      66.9        0    121.0        0
Semipalatinsk      82.5        0     87.7        0
Taldykorgan        56.5        0     72.6        0
Taraz              56.5        0     67.6        0
Uralsk            140.4        0    125.8     -3.3
Ust-Kamenogorsk   105.4        0    105.6     -0.2
Shymkent          118.3     -0.6     80.0     -4.8
--------------------------------------------------

For comparison of official statistics data with alternative sources of information, IRBIS agency presents information from "Kazakhstan nedvizhimost" (www.kn.kz) and "Krysha" (www.krysha.kz).

"Krysha" (www.krysha.kz) doesn't differentiate primary and secondary markets. This source data on housing prices in Almaty is as follows

-----------------------------------------------------------------
Date                Value,    Trend                        Value,
(2008)      USD per sq. m. value, % USD/KZT rate KZT th per sq. m
----------- -------------- -------- ------------ ----------------
November 12           2021    -0.88       120.05            242.6
November 19           2013    -0.40       120.14            241.8
November 26           1982    -1.54       120.25            238.3
December 3            1960    -1.11       120.45            236.1
December 10           1931    -1.48       120.46            232.6
-----------------------------------------------------------------

Judging by this source, in Almaty supply prices on housing in November decreased in average by 4.9 % in tenge equivalent.

"Kazakhstan nedvizhimost" site presents the statistics on secondary housing market of three cities: Almaty, Astana and Karaganda. Detailed data on Almaty is available in the next table.

--------------------------------------------------------------
                 Value,    Trend                        Value,
Date     USD per sq. m. value, % USD/KZT rate KZT th per sq. m
-------- -------------- -------- ------------ ----------------
11.11.08           1775    -1.33       120.00            213.0
18.11.08           1762    -0.73       120.10            211.6
25.11.08           1760    -0.11       120.16            211.5
--------------------------------------------------------------

Data on Astana are in the following table.

--------------------------------------------------------------
                 Value,    Trend                        Value,
Date     USD per sq. m. value, % USD/KZT rate KZT th per sq. m
-------- -------------- -------- ------------ ----------------
18.11.08           1669    -0.65       120.10            200.4
25.11.08           1697    +1.68       120.16            203.9
02.12.08           1686    -0.65       120.48            203.1
--------------------------------------------------------------

Below are the data on Karaganda.

--------------------------------------------------------------
                 Value,    Trend                        Value,
Date     USD per sq. m. value, % USD/KZT rate KZT th per sq. m
-------- -------------- -------- ------------ ----------------
11.11.08            679    +0.74       120.00             81.5
18.11.08            674    -0.74       120.10             80.9
25.11.08            678    +0.59       120.16             81.5
02.12.08            666    -1.77       120.48             80.2
--------------------------------------------------------------

Thus, according to "Kazakhstan nedvizhimost" prices on secondary housing market in Almaty in November decreased in tenge by 2.8 %, in Astana - by 0.1 %, in Karaganda - by 0.7 %.

[2008-12-11]