Uzbekistan’s Housing Market Maintains Positive Momentum
Favorable macroeconomic trends continue to support demand in Uzbekistan’s real estate market.
The Center for Economic Research and Reforms (CERR) has released its latest review of Uzbekistan’s real estate market.
Growing activity in the real estate market is accompanied by positive trends in key economic indicators. In the first half of 2026, real household incomes increased by 9.2%, remittances from abroad grew by 13%, and mortgage lending expanded by 38%. At the same time, growth in construction activity (by 13.8%) is contributing to an increase in housing supply.
In January–September 2026, a total of 249,400 real estate purchase and sale transactions were recorded in Uzbekistan, representing a 17.6% increase compared to the same period last year.
In September, the number of transactions reached 26,800, rising by 6.9% compared to August and by 11.1% compared to September 2025.
Regional Overview
In September 2026, real estate sales increased year-on-year across all regions of Uzbekistan. The highest growth rates were recorded in Andijan (27.1%), Navoi (22.9%), and Bukhara (21.9%) regions, as well as in the Republic of Karakalpakstan (23.9%).
Over January–September, the largest increases in the number of transactions were registered in Tashkent city (25.3%), Andijan region (24.2%), and Navoi region (23.3%).
In September, 8,200 residential property purchase and sale transactions were recorded in Tashkent, representing a 9.3% increase compared to the same month last year.
CERR Public Relations Dector
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