Real Estate Exchange sells property for 123.23bn soums in 1Q

The exchange underlined that the sales volume increased 2.68 times in the first quarter of 2011 compared to the same period of 2010.

The exchange realized 374 units of state property for 400.55 million soums to private ownership in the reporting period. The growth rate made up 4.7% year-on-year.

At the same time, 333 objects for 115.807 million soums from 374 were land areas, 39 objects for 167.65 million soums – vehicles, and other two for 77.297 million soums were objects.

In the secondary market, the exchange sold 2,022 private property objects for 122.833 billion soums, which made up 99.17% of total turnover in the first quarter of 2011.

The analysis showed that in the first half of 2011, businesses were mainly interested in objects of production and administration purpose, as well as habitation and others.

Real Estate Exchange and its territorial branched realized 279 units of real estate and vehicles, put for sale by court officers, through open auctions for 4.964 billion soums. The growth rate made up 18.52%.

Real Estate Exchange renders services on realization of property of budget organizations and state enterprises on current market prices to implement the resolution of the government. The exchange realized 45 such objects for 175.046 million soums in the reporting period, which is 47.9% up year-on-year.