Real estate market has been developing actively in Dushanbe in recent years that has allowed curbing prices. But at the beginning of this year, square meters began to rise in cost and housing is going up in the Tajik capital.
An overall space of 27,500 square meters in residential buildings has been made available in Dushanbe over the first five months of this year, which was 76 percent less than in the same period last year, when 114,000 square meters in residential buildings had been made available in the Tajik capital.
Significant decline in housing construction has led to increase in housing prices.
In a report released at a news conference in Dushanbe, senior representatives of the Committee for Architecture and Construction under the Government of Tajikistan noted in January this year that housing prices in Dushanbe remained unchanged over the last two years. An average price for one square meter in residential buildings in downtown Dushanbe was 600.00 U.S. dollars and an average price for one square meter in residential buildings on the outskirts of the Tajik capital was 350.00 U.S. dollars.
Meanwhile the current average prices for one square meter in residential building are 750.00 U.S. dollars in downtown Dushanbe and 450.00 U.S. dollars in uptown Dushanbe.
Real estate experts attribute the decline in housing construction to the fact that developers do not have enough money.
Recall, lawmakers in February adopted provisions requiring construction companies to pay a one-off fee of $23 per square meter of accommodation built.
The federally funded organizations constructing industrial and social facilities as well as tourism infrastructure are exempted from paying this fee.
In April this year, Dushanbe Mayor Rustam Emomali signed a decree on establishing the Tajik Capital City Development Fund. Payments for permits to construct residential buildings and shops in Dushanbe are expected to be one of sources for replenishing this Fund.
As far as housing prices in other Central Asia’s are concerned, the price for one square meter in residential building in the Kyrgyz capital of Bishkek reportedly fluctuates from 600.00 to 1,200.00 U.S. dollars; in Kazakhstan, an average price for one square meter in residential buildings is 1,116.00 U.S. dollars in Almaty and 870.00 U.S. dollars in Astana; in the Uzbek capital of Tashkent, an average price for one square meter is 1,200.00 U.S. dollars in new residential building and more than 600.00 U.S. dollars in the secondary real estate market; according to Azatlyk, real estate prices dropped by a third in Turkmenistan over the past year – current price for one square meter in residential buildings in Ashgabat reportedly fluctuates from 430.00 U.S. dollars to 500.00 U.S. dollars.
Current average monthly wages are reportedly 339.00 U.S. dollars in Kazakhstan, 239.00 U.S. dollars in Kyrgyzstan, 145.00 U.S. dollars in Tajikistan, 230.00 U.S. dollars in Turkmenistan, and 350.00 U.S. dollars in Uzbekistan.
