Uzbekistan's Real Estate Market: Era of Easy Money Ends as Market Matures
Uzbekistan's real estate market is undergoing a fundamental transformation in 2026, moving away from the investment frenzy of previous years. The foundation that supported rapid, speculative gains has disappeared. Buying apartments in Tashkent for future appreciation without analysis now more often leads to frozen capital rather than profit. The market has not collapsed, but it has become significantly more complex and professional.











