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]