In January–August of this year, banks in Uzbekistan issued mortgage loans to 59,179 citizens totaling 18.3 trillion soums, which is 36.6% more than in the same period last year. This is according to data from the Central Bank.

The bulk of the funds – 13.6 trillion soums, or 74% of the total – was allocated for housing purchases on the primary market. Another 4.7 trillion soums (26%) went to the secondary market.

The majority of borrowers were citizens aged 31 to 50, accounting for 64%. Borrowers aged 18–30 made up 26%, while those over 51 accounted for 10%.

The highest volume of mortgage loans was issued in Tashkent – 5.59 trillion soums. This is followed by Andijan region – 1.6 trillion soums, Kashkadarya region – 1.3 trillion soums, and Fergana region – 1.26 trillion soums. The lowest volume was recorded in Syrdarya region – 497 billion soums.

The average interest rate on mortgages funded by the republican budget was 16.9%, by the Mortgage Refinancing Company – 21.6%, and by banks – 20.7%.

Source: uznews.uz