Primary housing market prices decrease 0.5 % (3.9 % on secondary market) in May 2008

/Statistics Agency of Republic of Kazakhstan, June 9, 08/ -In May 2008 compared with the previous month on the primary housing market the price of one square meter decreased in Astana - by 1.1 %, Almaty - 0.8 %. On the secondary market, reduction in prices over the past month was noted in Aktobe - 12.8 %, Astana - 12.6 %, Almaty - 9.6 %, Petropavlovsk - 3 %, Ust- Kamenogorks - 2.8 %, Pavlodar - 1.8 %, Uralsk - 1.7 %. In other cities, no change in price on housing market has been observed. Prices on housing market in May 2007-2008 (per 1sq. meter) ----------------------------------------------------------------------- Re-selling of Selling of new comfortable habitation, habitation, KZT, th. KZT, th. ----------------------------- --------------------------- May 2008 May 2008 in % to in % to May 2007 May 2008 May 2007 May 2007 May 2008 May 2007 ------------- -------- --------- ---------- -------- -------- --------- Kazakhstan 145.5 157.1 107.9 123.1 122.3 99.4 Astana 170.1 196.5 115.5 237.9 226.2 95.1 Almaty 319.0 323.3 101.4 418.0 243.2 58.2 Aktau 163.9 163.9 100.0 192.6 231.7 120.3 Aktobe 112.5 123.0 109.3 145.4 135.3 93.0 Atyrau 118.8 138.8 116.8 75.0 100.0 133.3 Zhezkazgan 56.5 56.5 100.0 64.6 64.6 100.0 Karaganda 121.1 134.9 111.4 65.8 68.3 103.7 Kokshetau 99.8 119.1 119.3 130.9 112.0 85.6 Kostanay 100.8 120.0 119.1 77.5 110.6 142.7 Kyzylorda 57.9 73.8 127.6 53.7 72.1 134.3 Pavlodar 130.0 130.0 100.0 98.1 97.3 99.2 Petropavlovsk 95.6 66.9 70.0 124.1 126.9 102.2 Semey 88.8 86.8 97.8 71.1 103.5 145.5 Taldykorgan 66.5 56.5 85.0 89.8 87.4 97.4 Taraz 56.5 56.5 100.0 52.3 72.6 138.9 Uralsk 133.3 140.4 105.3 129.1 136.4 105.6 Ust-Kame- 92.9 111.0 119.5 109.4 124.0 113.3 nogorsk Shymkent 111.3 122.3 109.9 80.5 90.0 111.8 ----------------------------------------------------------------------- Methodology explanations: Observation of prices in the housing market is conducted in the capital city, in Almaty, and in regional centers by selective circle of organizations, which carry out operations with real estate by city fund, including constructing companies. [2008-06-09]