Uzbekistan's real estate market maintained high activity in February, with an increase in the number of transactions and accelerated price growth in several regions. This is according to data released by the Center for Economic Research and Reforms.

In February, approximately 29.7 thousand residential property purchase-sale transactions were concluded in the country, which is almost 4% higher than the previous month. Year-on-year growth was more significant, with the number of transactions increasing by 32.4% or 7.2 thousand.

Significant activity traditionally centers on Tashkent, where about one-third of all market operations were conducted. In the capital, around 8.9 thousand transactions were formalized this month, a 1.4% increase from January's figures.

While price dynamics in the secondary market across the country have slowed somewhat, housing costs in the capital continue to rise. In February, prices for secondary housing in Tashkent increased by approximately 1% compared to the previous month, with year-on-year growth at 3.2%. A more noticeable increase was recorded in the primary market: the cost per square meter in new buildings in the capital rose by 11.5% over the year.

Simultaneously, rental housing is becoming more expensive – in January, the average rate reached about $8.7 per square meter, which is 8% higher than a year earlier. In the regions, the fastest price growth was noted in Surkhandarya, Syrdarya, and Jizzakh provinces, as well as in Karakalpakstan, where indicators increased from 15% to over 20% year-on-year.

Experts note that the market remains active despite signs of slowing price growth. High demand for housing, especially in major cities, continues to support both the level of transactions and real estate prices.

It is worth recalling that starting April 1, the purchase and sale of housing in Uzbekistan will now be conducted exclusively in non-cash form.

Source: podrobno.uz