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14.11.2008 15:50 #KASE news

Official statistics, housing prices decrease in Kazakhstan in October, in primary market - 1.4 %, on secondary market - 0.6 %

/IRBIS, Vitaliy Kim, November 14, 08/ - Below is a table of dynamics of supply prices (sale) on housing in October 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        149.4     -1.4    111.8     -0.6
Astana            196.5        0    190.8        0
Almaty            283.0     -5.6    224.4        0
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     -4.8
Kostanay          118.7     -1.1    108.6     -1.8
Kyzylorda          73.8        0     72.1        0
Pavlodar          130.0        0     92.0        0
Petropavlovsk      66.9        0    121.0        0
Semipalatinsk      82.5     -5.0     87.7        0
Taldykorgan        56.5        0     72.6     -6.3
Taraz              56.5        0     67.6        0
Uralsk            140.4        0    130.1        0
Ust-Kamenogorsk   105.4        0    105.8        0
Shymkent          119.0        0     84.0        0
--------------------------------------------------

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
---------- -------------- -------- ------------ ----------------
October 8            2092    -0.38       119.95            250.9
October 15           2104    +0.57       119.79            252.0
October 22           2090    -0.67       119.79            250.4
October 29           2054    -1.72       119.81            246.1
November 5           2039    -0.73       119.93            244.5
----------------------------------------------------------------

Judging by this source, in Almaty supply prices on housing in October decreased in average by 2.9 % 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
-------- -------------- -------- ------------ ----------------
30.09.08           1868    +0.86       119.84            223.9
07.10.08           1858    -0.54       120.04            223.0
14.10.08           1857    -0.05       119.87            222.6
21.10.08           1850    -0.38       119.76            221.6
28.10.08           1816    -1.84       119.82            217.6
04.11.08           1799    -0.94       119.94            215.8
--------------------------------------------------------------

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
-------- -------------- -------- ------------ ----------------
07.10.08           1672    -1.12       120.04            200.7
14.10.08           1669    -0.18       119.87            200.1
21.10.08           1683    +0.84       119.76            201.6
28.10.08           1715    +1.90       119.82            205.5
04.11.08           1695    -1.17       119.94            203.3
11.11.08           1680    -0.88       120.00            201.6
--------------------------------------------------------------

Below are the data on Karaganda.

--------------------------------------------------------------
                 Value,    Trend                        Value,
Date     USD per sq. m. value, % USD/KZT rate KZT th per sq. m
-------- -------------- -------- ------------ ----------------
13.10.08            693    +1.61       119.85             83.1
20.10.08            683    -1.44       119.76             81.8
27.10.08            679    -0.59       119.78             81.3
03.11.08            674    -0.74       119.94             80.8
--------------------------------------------------------------

Thus, according to "Kazakhstan nedvizhimost" prices on secondary housing market in Almaty on October decreased 3.3 %, in Astana - grew 1.3 %, in Karaganda - grew 1.3 %.

Thus, comparing data of official and unofficial statistics, we may conclude the data are disparate.

[2008-11-14]