During the researches in secondary apartment market segment of the real estate market in April, 1.5%-growth was observed in the dynamic of closed deals. According to Property Market Participants PU, the supply sharply decreased and the prices increased in the secondary market, during 5 months.
As a result of positive impact of processes in the market on apartment construction rate, rehabilitation and circulation opportunities of new buildings rose compared to previous year. This caused price rise on new buildings in the secondary market. In general, settlement of utility supply problems in newly-constructed buildings influenced the price rise. The researches show that quickly growth tendency of price dynamic in the secondary market is sharper than primary market.
The average price in secondary market rose 0.7% to 1,211 USD/m². Copmarative price rise was observed in many districts. The highest price rise was observed in Khatai district (2.3%).
The most attractive districts for activity coefficient were Khatai, Yasamal and Narimanov. Researches say that after activity if mortgage lending and start of destruction works, the interest to these districts increased. In general, most of mortgage lending is regarding these districts. This is related to conformity of prices to mortgage norms.
According to researches in April, the supply dropped 3.7% and number of apartments for sale fell to 5,400. Shares of Yasamal, Nasimi, Narimanov and Khatai districts in supply portfolio made 78.7%.
According to researches, the supply portfolio in primary market is mainly formed from these 4 districts.
Number of 4-5-room apartments decreased. 1,2 and 3-room apartments rose. Price rise was observed in 1-2-room apartments. The price rise in 2-room apartments made 2.2%.
Average price of the apartment in April made $113,162.
APA