Tashkent, Uzbekistan (UzDaily.com) -- The results showed that the average cost of renting an apartment increased compared to November, but the growth rate slowed down. In particular, the average cost in November decreased by 4.4% compared to October, but increased by 3.5% in December.

Prices rose in Shaykhontokhur (10.6%), Mirabad (3.5%) and Yunusabad (3.3%) districts. In other areas of the capital there was a decrease in prices.

For well-appointed apartments located near Oybek, Tashkent, Minor, Buyuk Ipak Yuli metro stations and along Nukus Street, rental prices exceed US$1,000. In Chilanzar and Yunusabad districts, rental prices are relatively lower, in particular, the cost of renting renovated apartments is about US$400-600.

The volume of supply of apartments with an average repair is relatively less, and such apartments are offered mainly in Chilanzar and Yunusabad districts of the city, as well as on Mirzo Ulugbek Avenue. The cost of renting apartments here is generally 300-800 US dollars.

It should be noted that apartments in the expensive segment of housing are usually rented out to foreign citizens who come for temporary work. These apartments are located in areas with developed infrastructure, convenient transport links and close to grocery stores.

The fact that there are still few apartments in the relatively inexpensive housing segment and they are offered mainly in two districts of the city, once again confirms the need to develop an affordable rental housing market.