Mass Appraisal In Kyrgyzstan Covers Around 440,000 Real Estate Objects

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 21. In Kyrgyzstan, approximately 440,000 real estate properties have been covered under a mass property valuation project. Deputy Director of Kyrgyzstan's State Agency for Land Resources under the Cabinet of Ministers, Azzamat Karypov made the announcement during a panel discussion titled“Fair Taxation as a Factor of Sustainable Urban Development,” held within the framework of the 13th session of the UN World Urban Forum (WUF13) in Baku, Trend reports.

According to him, the project included a mass cadastral valuation of apartments, residential houses, land plots, as well as commercial, industrial, and social facilities.

“As a result of the assessment, 440,000 real estate objects were covered. The largest share consisted of apartments and residential houses,” he said.

Karypov noted that the project also included the valuation of large commercial properties, including shopping and retail centers. He added that modern information systems and heat maps are actively used to analyze real estate and territorial distribution, particularly in the cities of Bishkek and Osh.

“Of particular importance is the integration of cadastral data, spatial information, and digital solutions to support urban planning and achieve sustainable development goals,” he said.

He also emphasized that international cooperation and experience sharing at such forums will contribute to the development of modern territorial management systems and sustainable urbanization.

The discussion also highlighted that the future of real estate is linked not only to registries and maps, but also to big data, geospatial analytics, digital territorial modeling, and artificial intelligence.

Today marks the fifth day of WUF13 in Baku.

The first day included a ministerial meeting dedicated to the New Urban Agenda, a ministerial roundtable, assemblies for women and civil society, business sessions, and discussions on urban prosperity. An official ceremony marking the raising of the UN and Azerbaijani flags also took place.

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