Rental prices increased in September in Tashkent
In September of this year, the depreciation of the US dollar and the start of the new academic year significantly impacted the housing rental market in Tashkent city. This was reported by Zamin.uz.
According to the analysis by the Institute of Macroeconomic and Regional Studies, the strengthening of the som against the dollar changed the appearance of rental prices in the national currency. At the same time, rental prices calculated in dollars tended to increase, which partially caused a shift in the market balance.
The beginning of the new academic year led to students returning to the capital and an increase in demand for housing. As a result, landlords began raising prices.
In September, rental prices for average renovated apartments also rose. For example, the price of one-room apartments increased from $318 to $334, two-room apartments from $394 to $412, three-room apartments from $477 to $502, and four-room apartments from $537 to $556.
The cheapest districts in terms of price were Sergeli and Uchtepa. In Sergeli, the rent for one-room apartments started at $293, while in Uchtepa this figure was $316.
The most expensive rental apartments were located in Shaykhontohur and Yakkasaray districts, with four-room apartments in Yakkasaray reaching up to $800. Prices for fully renovated apartments increased even further.
One-room apartments rose from $413 to $435, two-room apartments from $580 to $614, three-room apartments from $824 to $874, and four-room apartments from $1185 to $1201. The cheapest apartments remained in Sergeli and Uchtepa, while prices were significantly higher in Mirobod and Shaykhontohur districts.
In Mirobod, the rental price for four-room apartments reached up to $1462. According to general trends in the rental market, changes in the currency exchange rate, seasonal increases in demand, and housing shortages are the main factors.
At the same time, the increase in rental prices is related to the balance of supply and demand, with a sharp rise in demand at the start of the new academic year keeping prices at a high level (source: Institute of Macroeconomic and Regional Studies).
