The Central Bank of Uzbekistan has released its real estate market analysis for the first quarter of 2026. The total number of purchase and sale transactions reached 110,100, a 48.4% increase compared to the same period last year. A particularly sharp rise was recorded in March.

High growth rates were observed in Tashkent city (64%), Syrdarya (67%), Andijan (56%), and Navoi (52%) regions. This trend reflects increasing economic activity and urbanization processes in the regions.

The significant surge in March transactions was driven by the introduction of a new escrow system for real estate transactions effective April 1, 2026. Market participants accelerated contract registration before the new rules came into force.

In the first quarter, the volume of mortgage loans issued amounted to 5.7 trillion soums, a 29% increase year-on-year. Real household incomes grew by 7.8%, supporting housing demand.

The total area of housing commissioned reached 3.3 million square meters, up 6.6% year-on-year. Growth was mainly driven by the individual housing segment.

Against the backdrop of high activity, price growth accelerated. In March, primary market prices rose by 1.8% in soum terms and 8.1% in dollar terms. Secondary market prices increased by 3% and 9.4%, respectively.

Source: podrobno.uz