According to a report by the Central Bank of Uzbekistan, activity in the country's real estate market relatively stabilized in the second quarter of 2025 after the acceleration observed at the end of the first quarter. This is stated in the regulator's latest analytical review.

In April–June, 74,400 real estate purchase and sale transactions were registered, which almost corresponds to the figure for the same period last year, with growth of only 0.1%. These numbers indicate that demand in the market has stabilized.

In the second quarter, real estate prices continued to rise, but the growth rate remained moderate compared to the dynamics of economic activity and household incomes. In June, the cost of apartments in multi-storey buildings on the primary market increased year-on-year by 6.2% in soums and by 12% in dollars. The secondary market showed a similar trend: prices rose by 6.3% in soums and by 12.2% in dollars.

“The almost identical price dynamics in the primary and secondary markets indicate a stable formation of demand for housing in general. At the same time, prices in the regions grew faster than in Tashkent. Higher growth rates in the regions are associated with a lower price base, increased household incomes, as well as expanding construction and investment activity,” the report says.

In Tashkent, the decline in land prices continued in annual terms in the second quarter. In June, the average offer price for 100 sq. m of land was about 292 million soums, which is 9% lower than in June last year. This may indicate a decrease in demand or an increase in supply in the capital's land market.

Source: uznews.uz