Real estate market in Uzbekistan grows again
Local
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19 July 7751 2 minutes
In the first half of 2025, housing sales in Uzbekistan rose by 10.6% to 136,500 units, according to the Center for Economic Research and Reforms.
In June alone, 21,000 purchase and sale transactions were registered—an increase of 3.7% compared to the same month last year. Throughout the first half of the year, steady growth was observed in the real estate markets across the regions. The highest increases in purchase and sale contracts were recorded in Jizzakh (29.9%), Navoi (18.3%), and Surkhandarya (17.7%) regions. Conversely, a slight decline of 2.6% was seen in the Tashkent region.
In June, the average price of housing on the secondary market increased by 0.3% compared to the previous month. Year-on-year, the growth rate stood at 1.8%.
Although housing prices in Jizzakh dropped slightly in June (-1.3%), the region still led in annual price growth, with an increase of 11.7%. Other regions that showed notable annual price growth included Surkhandarya (10.9%), the Republic of Karakalpakstan (9.3%), Khorezm (7.3%), and Namangan (7.1%).
In contrast, the average price of secondary housing in Tashkent fell by 4.8% compared to the same period last year, while the price of newly built homes decreased by 1.6%.
Among the districts of Tashkent, the steepest declines in secondary housing prices were observed in:
- Mirzo-Ulugbek: -7.6%
- Yashnabad: -7.3%
- Chilanzar: -6.9%
For primary housing, the sharpest declines were seen in:
- Uchtepa: -9.7%
- Yunusabad: -8.8%
- Shaykhantohur: -7.7%
Last month, rental prices in Tashkent remained stable, with the average price unchanged from May at $8.1 per square meter.
Rental prices were relatively high in the capital’s Mirabad, Shaykhantohur, and Yakkasaroy districts, averaging $10.3 per square meter.
Every year, average rental prices in Tashkent fell by 2.6%, with the most significant declines recorded in the Uchtepa, Yashnabad, and Chilonzor districts.
