Compensation for demolished housing: Osh mayor's office to let most families keep apartments

The Osh city commission has resolved to let the majority of families retain apartments allocated as compensation for their demolished homes. This decision aims to provide a stable housing solution for residents displaced by urban development projects.

However, about 30% of the cases will undergo additional scrutiny. These situations involve complexities such as multiple property owners or outstanding debts between residents and the municipality. The commission plans to address these specific cases in a separate session to ensure fair and legal resolutions.

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The price of the apartments is determined by the cost of construction by the municipal mortgage enterprise, 745 dollars per square meter.

The value of the new apartments has been set at the construction cost determined by the municipal mortgage enterprise, which is $745 per square meter. This price is considerably lower than the market value of similar renovated apartments, which can reach around $1,200 per square meter. Consequently, the compensation offered is perceived as higher than initially expected by the residents.

The value of the demolished houses was determined by an independent appraiser hired by the mayor's office. Residents who disagree with the assessed values have the right to challenge the appraisals. Following the calculations, the municipality is expected to pay residents approximately 105.8 million Kyrgyz soms, while residents will owe the municipality around 30.8 million soms for the new apartments.

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The market value of such housing with renovation reaches about 1.2 thousand dollars per square meter, so the compensation amount turned out to be higher than expected.